The latest Powerball jackpot is the world’s seventh-largest lottery prize.
The last time someone won the top prize was July 19.In most states, Powerball tickets cost $2 and buyers can chose their own numbers and single Powerball or leave that task to a computer. Powerball drawings are held three times a week at 10:59 p.m. EDT on Mondays, Wednesdays and Saturday, with the numbers selected at the Florida Lottery in Tallahassee.
Players also can choose an annuity, in which that $551.7 billion would be paid to a company that would guarantee a return over 30 years of $1.2 billion. If a winner dies before collecting all their money, the remainder would go to the winner’s estate.State lotteries will immediately deduct 24% of jackpot winnings for federal taxes, and additional federal taxes may be required when filing federal tax returns.
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