March 21 2018

Feeling lucky? $700 million Powerball jackpot could be yours

March 21 2018, 10:18 | Van Peters



Powerball's second-largest jackpot on record just got even larger. The jackpot has rolled over several times and it now stands at over $650 million (that's €595 million), making it one of the biggest draws in U.S. lottery history.

In addition to the big payout, there is also the possibility of winning $1 million for matching the five regular balls or $4 for those who match the Powerball. Early previous year, two ticket holders split a $1.6 billion Powerball jackpot.

The system works, as can be seen from this story about a man from Iraq who won a $6.4 million jackpot in OR - all without ever leaving home.

Then you have to worry about taxes - you'll pay 25 percent of your winnings to the federal government and 5 percent to the state of Kansas.

Officials say no ticket matched all six numbers after Saturday night's drawing. The app will roll out in-app ticket play across the U.S. as well as worldwide markets in the coming months. "Pools are very popular with these big jackpots, and we do see more and more people playing in a group with friends and co-workers".

It's easy to forget that the objective of Powerball is to raise money for government programs in the 44 states where the game is played, as well as Washington DC Puerto Rico and the U.S. Virgin Islands.

Kiosks across the US are attracting crowds as punters chase $A886 million in the Powerball draw this Thursday (US time). The 10X multiplier is only in play when the advertised annuity jackpot is $150 million or less. The estimated jackpot is $700 million only if the victor agrees to get 30 payments over 29 years. In the game, five of 69 white balls are pulled, and one Powerball of 26 is pulled.

What are the odds of winning the lottery?

. Odds of winning the jackpot are one in 292,201,338.

Proceeds from the Oklahoma lottery go toward funding elementary and secondary education, higher education and CareerTech.

According to the Colorado Lottery, more than $3 billion have gone toward outdoor projects for 34 years through Great Outdoors Colorado, the Conservation Trust Fund and Colorado Parks & Wildlife.

The next drawing is at 10:59 p.m. ET on Wednesday. The televised drawing takes place at 11 Tallahassee, Florida.

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