The largest lottery ever offered was was grabbed by a lucky winner on the outskirts of Los Angeles, Calif..The Powerball jackpot payoff was US$2.04 billion (CAD$2,747,829,000), ending a frenzy of ticket sales in the 45 states that participate in the lottery..The winning numbers were 10-33-41-47-56, and the Powerball was 10. .Officials did not identify the newly minted billionaire..Only four other Powerball jackpots topped $US1 billion in the past, but none even came close to Tuesday’s prize, which was US$400 million larger than the previous record..The jackpot started at US$20 million in August, the last time a Powerball jackpot was claimed and now reverts back to a measly US$20 million..The jackpot winner can choose to receive the full prize, paid through an annuity over 29 years, or a lump sum of cash paid immediately. .The vast majority of winners opt for the lump sum, which for Tuesday’s jackpot was US$997.6 million (CAD$1,343,742,260)..All winnings on US jackpots are subject to a federal tax of approximately 30%, plus state taxes, if applicable (some don’t have state taxes)..Powerball tickets are available for $2 each, and players can select their own numbers or ask for a quick pick..Players must match five white balls as well as one red Powerball used in the draw. The odds of winning are one in 292 million, which means the odds of winning are heavily stacked against players, which means as the jackpot grows, more players buy tickets, which increases the jackpot, which attracts more players, which, well you get the idea..Powerball is played in 45 states, as well as in Washington DC, Puerto Rico and the US Virgin Islands. Tickets can also be bought online, although Powerball officials say those tickets are bought through an independent vendor and players play that way at their own risk.
The largest lottery ever offered was was grabbed by a lucky winner on the outskirts of Los Angeles, Calif..The Powerball jackpot payoff was US$2.04 billion (CAD$2,747,829,000), ending a frenzy of ticket sales in the 45 states that participate in the lottery..The winning numbers were 10-33-41-47-56, and the Powerball was 10. .Officials did not identify the newly minted billionaire..Only four other Powerball jackpots topped $US1 billion in the past, but none even came close to Tuesday’s prize, which was US$400 million larger than the previous record..The jackpot started at US$20 million in August, the last time a Powerball jackpot was claimed and now reverts back to a measly US$20 million..The jackpot winner can choose to receive the full prize, paid through an annuity over 29 years, or a lump sum of cash paid immediately. .The vast majority of winners opt for the lump sum, which for Tuesday’s jackpot was US$997.6 million (CAD$1,343,742,260)..All winnings on US jackpots are subject to a federal tax of approximately 30%, plus state taxes, if applicable (some don’t have state taxes)..Powerball tickets are available for $2 each, and players can select their own numbers or ask for a quick pick..Players must match five white balls as well as one red Powerball used in the draw. The odds of winning are one in 292 million, which means the odds of winning are heavily stacked against players, which means as the jackpot grows, more players buy tickets, which increases the jackpot, which attracts more players, which, well you get the idea..Powerball is played in 45 states, as well as in Washington DC, Puerto Rico and the US Virgin Islands. Tickets can also be bought online, although Powerball officials say those tickets are bought through an independent vendor and players play that way at their own risk.
