Powerball: Sales grow as jackpot soars to $900 million

Because the payout is based on sales, the prize has grown more quickly as people rush to buy tickets.

Tennessee is one of six states that doesn’t have a state income tax, but if a sole victor is declared in Tennessee, that person will have to fork over $196.4 million in taxes, according to Forbes. Other locations in the top five include: Dixie Food Mart (Fairfield), Circle K (Hamilton), Hamilton Quick Stop (Hamilton) and Ameristop Food Mart (Hamilton).

The largest lottery jackpot in USA history got even bigger when the Powerball jackpot for the January 9 drawing was increased Saturday morning to a $900 million annuity value or a $558 million cash prize, thanks to strong ticket sales in participating states.

The Powerball website says legally purchased tickets can play the game and collect prizes anywhere in the world.

Powerball is played in 44 states, the District of Columbia, Puerto Rico and the US Virgin Islands.

Head over to the USA Mega Jackpot Analysis site for a breakdown of every states’ tax rules in relation to the Powerball. That’s all I need to win, ” said Chris Pentz, 48, of North East Township. If you can only buy one ticket or even 10 but not 100, that’s OK.

The cost of the tickets would exceed the income from the Lump sum.

The Hoosier Lottery recommends that all winners of any significant amount should first immediately sign the back of the lottery ticket and put it in a safe place.

Bashir Rahman, a chef from Moscow, Idaho, who was traveling through Nebraska, said he chose to buy a couple tickets at a Casey’s gas station in Lincoln, but he realizes it’s a long, long shot.

The prize is a fraction of the overall Powerball jackpot, but the $1 million victor was pleased with his luck. Yeah, it’s winning the lottery. Before your payment is issued, 25 percent will be withheld for federal taxes.

Anndrea Smith, 30, of Omaha, Nebraska, has already spent more than she usually does on Powerball tickets. If they don’t then the money will go toward California public schools.

The victor can choose to be paid the full jackpot in annual instalments over 29 years – or take a lower one-off payment in cash.

Powerball numbers continue to rise closer to $1 billion, the largest jackpot ever. People came out of the woodwork wanting a piece of his prize.