We’re now within the billion-dollar territory — with a “b.”
Wednesday evening’s Powerball drawing gave America’s lottery gamers an opportunity at an estimated $1 billion prize, one in all seven 10-digit jackpots in U.S. historical past, three of which have been Powerball drawings.
The profitable numbers have been 5-8-9-17-41, with the Powerball being 21.
The prize has topped a billion {dollars} as a result of no one has picked all six numbers since April 19. Coincidentally, Mega Millions was final received simply the day earlier than, and that recreation’s subsequent drawing Friday might be price $720 million.
Recent modifications similar to increasing to 3 drawings per week have inspired, in Powerball’s phrases, “larger, faster-growing jackpots.”
If taken in a single lump sum of money, as most up-to-date massive lottery winners have chosen to do, the $1 billion prize could be price $521 million. The bigger, marketed quantity is what the opposite choice — a 29-year annuity — could be price over its lifetime.
Federal taxes would shortly take virtually 40% of that quantity, with state taxes a risk on high of that.
The $2 Powerball tickets are offered in 45 states, together with the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
The odds of a profitable Powerball ticket are 1 in 292.2 million.
Content Source: www.washingtontimes.com