1 year ago
32
Are you Powerball's jackpot winner? It's clip to cheque your tickets.
The winning numbers for Wednesday night's drafting were 22, 11, 60, 2, 35, and the Powerball is 23. The Power Play was 2X.
Wednesday’s Powerball jackpot climbed to an estimated $1.2 billion aft nary of the tickets sold matched each six of the winning numbers drawn connected Monday. The prize is the fourth-largest successful U.S. history. If nary 1 wins Wednesday night, the jackpot could go the largest ever, topping a $1.586 cardinal Powerball prize won by 3 summons holders successful 2016.
While winners tin person their winnings done an annual payment program implicit 29 years, astir expansive jackpot winners opt to instrumentality the prize successful currency — which for Wednesday night’s drafting volition beryllium an estimated $596 million.
The biggest prize was a $1.586 cardinal Powerball jackpot won by 3 summons holders successful 2016.
No 1 has won with each six numbers since August 2022 and determination person been 38 consecutive drawings since then. The likelihood of winning the jackpot are 1 successful 292.2 million, according to Powerball.
Powerball is played successful 45 states, and successful Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
How overmuch is the payout for Powerball?
Grand prize winners tin opt for a lump sum of currency oregon tin opt into an annuity.
The payout successful currency is valued astatine $596.7 million, according to Powerball's unrecorded calculator. However, if the victor opts for yearly payments, the $1.2 billion jackpot is paid retired successful 30 graduated payments implicit the adjacent 29 years. The payments person an yearly summation of 5%.
WATCH OUT FOR SCAMMERS: Second largest Powerball Jackpot is up for grabs Wednesday night. Here's what to bash if you win.
What should you bash if you triumph the Powerball jackpot?
Steve Azoury, proprietor of Azoury Financial successful Troy, Michigan, advised lottery winners to immediately work with a taxation attorney, taxation accountant, and a fiscal advisor to fig retired a program — that includes which payout to choose.
The program besides should see a "fall guy," Azoury said. "That’s the idiosyncratic or adviser who keeps you from giving loans to anybody, who tells radical each the money’s tied up successful investments, not available. We person thing disposable to assistance you retired and we’re not funny successful your project."
The determination to take which payout is babelike on your goals, your age, and what lottery rules are for beneficiaries to proceed receiving payments, oregon if it's apt you would misuse a lump sum.
Mark Steber, main taxation serviceman astatine Jackson Hewitt, besides recommends considering the size of the lottery winning, and your existent and task earnings.
How are Powerball players scammed?
Powerball has warned players of imaginable scams.
Lotteries volition ne'er interaction you via email, telephone call, oregon societal media to pass you that you’ve won a prize, unless you specifically entered an authoritative lottery promotion oregon contest, according to Powerball.
Also remember, lotteries ne'er necessitate you to wage a interest to cod a prize.
“If you are asked to wage a interest to assertion a prize, you are apt being scammed, and you should not stock immoderate idiosyncratic oregon banking accusation with those entities,” Powerball said.
LOTTO FEVER: Top 10 lottery jackpots for Powerball, Mega Millions: Who won and wherever winning tickets were sold
How does ostentation impact the prize?
With rising involvement rates — used by the Fed to little ostentation — the Powerball lump sum payout has decreased, according to Michigan lottery officials.
For example, the lump sum payout fell from astir 59% of the jackpot connected Aug. 3, the past clip determination was a winner, to astir 48% of the astir caller jackpot.
Contributing: Medora Lee, USA TODAY; Chris Sims and Evan Frank, Indianapolis Star; Frank Witsil, Detroit Free Press
English (US)