Powerball Jackpot Now

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DES MOINES, Iowa (AP) — Lottery players will have another shot Tuesday night at the third-largest jackpot in U.S. history.

  • Powerball® costs $2 per play. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. The Powerball jackpot grows until it is won. Players win a prize by matching one of the 9 Ways to Win.
  • The largest ever lottery jackpot in history, the $1.586 billion Powerball jackpot back in January 13, 2016 was split between three winning ticket-holders. Two of the winning ticket holders, couple John and Lisa Robinson, and 70-year old Maureen Smith, came forward and claimed their winnings not long after the draw.

Powerball® costs $2 per play. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. The Powerball jackpot grows until it is won. Players win a prize by matching one of the 9 Ways to Win. Mega Millions Jackpot Now $865M; Powerball up to $730M The Mega Millions top prize climbed to an estimated $865 million, the biggest jackpot in more than two years. Powerball, the other lottery. The odds of winning are 1 in 292.2 million for the Powerball jackpot and one in 302.5 million for Mega Millions. Both games are played in 45 states as well as Washington, D.C.

The Mega Millions top prize climbed to an estimated $865 million, the biggest jackpot in more than two years. Powerball, the other lottery game offered in most of the U.S., isn’t far behind at $730 million for a drawing Wednesday night.

The winning number’s in Tuesday night’s Mega Millions drawing were: 10-19-26-28-50 and a Mega Ball of 16.

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It’s the first time both lottery jackpots have topped $700 million. The biggest prize was a $1.58 billion Powerball jackpot won by three people in 2016.

No one has won the Mega Millions jackpot since Sept. 15, allowing the prize to grow larger and larger over four months. The last Powerball jackpot winner was a day later, on Sept. 16.

Powerball

Such big jackpots are rare, but both games rely on incredibly long odds to generate attention and increase sales. For Mega Millions, the odds of matching all six numbers is one in 302.5 million, and for Powerball it’s one in 292.2 million.

The prizes listed are for winners who choose an annuity option, paid over 30 years. Winners almost always opt for cash prizes, which for Mega Millions would be $638.8 million and $546 million for Powerball.

Powerball Winner 8 12 2020

Those prizes also would be subject to federal taxes, and most states would take a cut as well.

Mega Millions and Powerball are both played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. Powerball also is offered in Puerto Rico.

Analyzing Powerball is not an easy task. We did a research to gather the data of the Powerball jackpot, and only then we are able to provide you an audit of it. Let's get started.

Whenever you choose annuity rather than cash amount in the Powerball lottery then you need a clear information about how much money you are going to get each year. But you didn't had a resource for that yet. But now we have provided you a clear audit for the Jackpot amount here. You only need to select the residing state of your residence, and this calculator will evaluate all the taxes and final take-home amount in Powerball lotto for you.

All the tax rates are subject to change any time, so please consult a tax attorney if you win a jackpot. We try to keep things updated, but consulting an attorney is the best idea to manage your funds.

Powerball Winning Numbers For 8 12 2020

I have set the Federal tax to 37% because of the jackpot amount. But if in your country it is something different, then please calculate your amount according to that.

Powerball Winner August 12 2020

There might be some regional taxes in your jurisdiction, So you have to pay those taxes separately. Those can be an extra burden for you. States try to put heavy taxes on Lottery Jackpot winnings. Lotteries may take the tax percentage before paying you the money.

What Is The Powerball Jackpot Now

There are some ways you can save some money from the taxes imposed on your lottery winnings, but for that, you need to hire an expert in that area.