The Powerball Jackpot has been rolling up since Sept 2020 and has grown to $730 millions till now. On Wednesday night the Powerball results finally had it’s winner for a $730 millions jackpot. A single ticket holder has won the US Powerball jackpot winning the fortune of his life.
“A single ticket sold in Maryland matched all six numbers on Wednesday night’s Powerball drawing winning the fourth largest jackpot in Powerball history.”
Powerball winning numbers for the jackpot have been revealed last night
The winner comprises two choices to grab the prize. Either an estimated annuity of US$731.1 millions is paid in 30 graduated payments over 29 years or a lump sum payment of US$546.8 millions is given. Both the prizes are yet to deduct after attaching the taxes.
The jackpot prize has crossed $700 millions mark only the fourth time in the entire Powerball history.
Such a long gap without a winner is very rare but it showcases the slim odds of winning the Powerball lottery. The odds of winning the Powerball jackpot is 1 in 292.2 millions. If the winner chooses the cash value option then he will receive US4546.8 millions.
Now that the winner has been claimed the Powerball jackpot prize has a new value, US$15. This value also has an added federal tax and state taxes in majority states.
The Powerball jackpot reached US$730 millions and the reached US$850 millions together at the same time. This has been noted as a record in the US lottery industry. The biggest Powerball Lotto jackpot has been worth US$ 1.58 billions shared by three winning tickets in 2016.
How Powerball Works ?
- The player has to pick 5 numbers from the integer pool of 1 to 60 , Powerball number from 1 to 26. Numbers can be manually picked or QuickPick option can be selected for random number generation.
- The Powerball ticket costs $2 and with Power play being applied, it costs $3.
- Players can select Multidraw to enter into 26 consecutive drawings of the lottery.
- When all the 6 numbers match the winning ticket, the winner can be claimed for the jackpot.