Time for the lucky ones: the Powerball jackpot has reached $625 million

Wednesday, March 20, no one guessed all the numbers in the lottery Powerball, so on Saturday evening, March 23, will be played the jackpot in the $625 million! It is the fourth largest Powerball jackpot and the seventh in the history of all lotteries of the United States.

«That’s impressive,’ said David Barden, Chairman of the Powerball lottery. — It happens infrequently. Interesting to think about how this jackpot can change someone’s life.»

Powerball drawings are held every Wednesday and Saturday at 22:59 Eastern time.

In most States, sale of tickets stops at least an hour before the draw, but the state may terminate the sale early, for example, Illinois, which finishes off sale three hours before the draw. In Maryland and new Jersey ticket sales end at 21:59; in Virginia – at 22.00, so you better check this point.

The largest ever Powerball jackpot amounted to $1,586 billion. His in 2016 has divided the winners from California, Florida and Tennessee.

Here are the TOP 5 largest Powerball jackpots:

  • $1,586 billion — 13 January 2016;
  • $758,7 million — August 23, 2017;
  • $688 million — October 27, 2018;
  • $590,5 million — may 18, 2013;
  • $587,5 million — 28 November 2012.
  • According to the Multi-State Lottery Association, you are more likely to win the jackpot, if you let the computer choose the numbers. So, about 75% of winning tickets are tickets with numbers selected by the computer.

    So, what further actions, if you are lucky enough to win the Powerball jackpot?

    Many winners have to hire a lawyer and financial planner, because usually people just don’t know what to do with the blame on their wealth.

    Got lucky, hitting the jackpot, there are two options of how to take the winnings: the full amount paid in 30 payments over 29 years or a lump sum payment, which will be much less.

    Federal tax on winnings in the lottery is 25%, but there are still income taxes on the state or city.

    Source