Previous Story
Stores throughout DC region selling large numbers of Powerball tickets on eve
Posted On Jan 14 2016
Comment: Off
Officials reassess the jackpot estimate daily.
No one matched all six Powerball numbers Saturday night, leading to the current enormous prize. To win the jackpot, players must match all five main numbers and the Powerball.
Tickets cost $2 each. Spain’s massively popular Christmas lottery, known as “El Gordo”, is ranked as the world’s richest, though it doles out a single jackpot among millions of prizes, instead of one large jackpot like the Powerball. The lottery will pay the prize to the LLC and the group leader can disburse payments. The lump sum for Wednesday’s drawing is estimated at $806 million.
$604.5: The amount the Powerball victor will receive after deducting 25 percent federal tax, but before any state taxes.
“You are 4 times more likely to be struck by lightning and die then you are at winning this Powerball”, said ESTEM High School math teacher, Mark O’Laughlin.
Some retailers scoring the biggest sales are in states bordering the handful that do not participate in the Powerball, he said. During the 11 a.m. hour, it said, California sales were $7.621 million, compared to $4.646 million during the same period Monday.
Saturday night’s record $950 million Powerball numbers went un-picked, which means the next jackpot will reach a far more staggering record.
Fresh off scoring his 500th National Hockey League goal, a photo appeared on social media of Ovechkin buying Powerball tickets in Virginia with his father. If you buy more tickets, your odds increase, but they’re still woefully small.
The jackpot is worth US$930 million if a victor chooses an immediate cash payout instead of annual payments over 29 years, according to the Multi-State Lottery Association.
According to officials with the Florida Lottery, sales for the signature Florida Lotto game have risen 34.08 percent with the ballooning of the Powerball jackpot. No one can sell lottery tickets by mail or over the Internet across state lines or the US national border.
