Powerball jackpot grows to historic $1.5 billion in US

New York, Jan 14 (IANS) If you have not heard about Powerball yet, this is the time to know about it. The world’s largest lottery jackpot grew to a historic figure of over $1.5 billion because of continuing strong Powerball ticket sales in the US and there may be more winners, media reported on Thursday.

According to The New York Times, the winners will divide a jackpot that, based on final ticket sales, is worth $1.568 billion, with a cash option of $983.5 million, according to the North Carolina Education Lottery.

The winning numbers are 8, 27, 34, 4, 19 and the Powerball is 10. The odds of winning in Powerball are said to be one in 292.2 million, media reports said.

At least three winning tickets were sold in the record $1.5 billion Powerball jackpot on Wednesday and results from the other states were still coming in.

According to the New York State lottery officials, the jackpot was not just the largest in Powerball history but also the largest of any lottery game in the US.

One winning ticket was sold at a 7-Eleven in Chino Hills, California, Alex Traverso, a spokesman for that state’s lottery, was quoted as saying in media reports.

The person in Chino Hills had purchased a ticket with the winning combination drawn minutes earlier: 4-8-19-27-34 and the Powerball number 10.

The jackpot started at $40 million on November 7 and rolled over 19 times with no one matching all six numbers.

Tickets are for $2 but you can “upgrade” the ticket to something that increases the potential prize amounts.

It’s called a “Power Play” and it costs an additional $1 per ticket.

Without a winner, the jackpot would have increased to $2 billion, with a cash value of $1.24 billion, ahead of Saturday’s drawing, the Texas Lottery Commission posted on Twitter.

The $1.5 billion prize would be paid in annual payments over 29 years or the winner could opt for a lump-sum payment of $930 million.

Whoever wins will have to pay 39.6 percent of the prize in federal income taxes and any state taxes.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here