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Powerball joins lottery frenzy with $620 million jackpot

Powerball joins lottery frenzy with $620 million jackpot

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PowerballPowerball: Powerball joins lottery frenzy with $620 million jackpot

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More than $2.2 billion in multi-state jackpots can also be gained this week

By Todd Northrop

This will likely be per week mentioned within the lottery business for a very long time.

Lottery avid gamers are dreaming about not possible wealth, lottery shops are taking part in the prosperity of an enormous uptick in retailer site visitors, and state governments are rubbing their palms in anticipation of a earnings providence.

Everyone is aware of concerning the document $1.6 billion Mega Millions jackpot this is being mentioned around the globe. But in its shadow america’s different large multi-state sport, Powerball, has been racking up massive will increase, and is now concurrently a number of the richest lottery jackpots of all time.

The mixture of the 2 video games, with drawings set for Tuesday and Wednesday, gives greater than $2.2 billion in lottery jackpots that anybody can take a look at their good fortune at for as low as $2 consistent with sport.

Last evening, after no person gained the $476.7 million Powerball jackpot, lottery officers raised the estimate for the Wednesday drawing to $620 million — the Sixth-largest lottery jackpot of all time. It is most effective the Sixth time in historical past lottery jackpot has risen to greater than $600 million.

The lump-sum money price of the jackpot is simply as eye-popping: $354.three million. And more likely to develop even larger sooner than Wednesday.

(See the highest 25 United States annuity and money price jackpots beneath.)

Of route, the massive winner (or winners) should pay taxes on their prize, so USA Mega has a to hand Powerball Jackpot Analysis web page to be had to calculate the federal and state taxes that might be withheld upon the award of your great large jackpot. A Mega Millions Jackpot Analysis may be to be had.

Players on the lookout for a close-by lottery store — or that out-of-the-way store with a smaller line — are inspired to make use of Lottery Places, an app for iOS, Android, and Windows that may find the closest lottery shops in each and every jurisdiction that sells Powerball and Mega Millions. The useful app can find lottery shops within the United States, the United Kingdom, Mexico, a lot of Canada, and the Caribbean.

Michigan lottery avid gamers can bypass the shop utterly and purchase their Powerball lottery tickets on-line. (They too can purchase Mega Millions lottery tickets on-line.)

Players out of doors america can use a credible butler provider, which gives scanned copies of the bought lottery tickets securely hung on behalf of the client. In the previous, the lottery price ticket provider was once utilized by other people out facet america to win large jackpots in Oregon and Florida.

Whatever you do, do not wait.  Lottery officers tension the significance of now not ready till the closing minute to shop for lottery tickets for both of those ancient jackpots.

Wednesday’s mammoth Powerball jackpot is the results of 20 consecutive attracts with out a winner.  The run-up began as a $40 million prize on Aug. 15.

The successful numbers for Saturday, October 20, 2018 have been 16, 54, 57, 62, and 69, with Powerball quantity 23.  The Power Play quantity was once 2.

Even even though no person gained the jackpot Saturday, nine fortunate avid gamers matched the primary Five numbers for a $1,00zero,00zero prize: 1 from Arizona, 1 from Connecticut, 1 from Florida, 1 from Indiana, 1 from Michigan, 1 from Missouri, 1 from New Jersey, 1 from Tennessee, and 1 from Washington.

Two of the second-prize winners bought the Power Play choice — the tickets offered in Florida and Tennessee.  Because the ones tickets have been bought with the Power Play choice their second-prize wins are robotically doubled to $2 million.  Power Play isn’t to be had in California, for the reason that mounted nature of the prize build up presented in Power Play isn’t appropriate with California’s pari-mutuel payouts. By regulation, California awards all prizes on a pari-mutuel foundation, which means the prizes will trade each and every drawing in response to the collection of tickets offered and the collection of tickets that gained at each and every prize stage.

104 tickets matched 4 white numbers plus the Powerball and gained $50,00zero.  Of the ones tickets, 17 have been bought with the Power Play choice, expanding the prize to $100,00zero, and 13 of the tickets have been offered in California, the place the prize was once price $17,zero44 this drawing.

Following the Saturday drawing, the Powerball annuity jackpot estimate was once raised a whopping $143.three million from its earlier quantity of $476.7 million and the money price was once raised through $81.nine million from its earlier quantity of $272.four million.

The subsequent Powerball drawing will happen Wednesday evening at 10:59 pm Eastern Time.

When a Powerball price ticket is bought with the Power Play choice for an additional $1 consistent with price ticket, any non-jackpot prize is greater consistent with a set prize time table, which can also be discovered at the Powerball Drawing Detail web page at USA Mega, in addition to at the Powerball Prize Payouts web page at Lottery Post.

Powerball is performed in 44 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time.  Tickets value $2 each and every.

Powerball lottery effects are revealed inside of mins of the drawing at USA Mega (www.usamega.com).  The USA Mega Web web page supplies lottery avid gamers in-depth details about the United States’s two largest multi-state lottery video games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Wednesday’s Powerball jackpot lately stands because the Sixth-largest lottery jackpot of all time within the United States, and the Sixth-largest Powerball jackpot ever.  The frenzy of lottery price ticket gross sales this week will virtually for sure push the jackpot estimate upper through draw time.

  1. Mega Millions: $1.6 billion, Oct. 23, 2018 – Preliminary estimate, now not gained but
  2. Powerball: $1.5864 billion, Jan. 13, 2016 – California, Florida, Tennessee
  3. Powerball: $758.7 million, Aug. 23, 2017 – Massachusetts
  4. Mega Millions: $656 million, Mar. 30, 2012 – Illinois, Kansas, Maryland
  5. Mega Millions: $636 million, Dec. 17, 2013 – California, Georgia
  6. Powerball: $620 million, Oct. 24, 2007 – Preliminary estimate, now not gained but
  7. Powerball: $590.Five million, May 18, 2013 – Florida
  8. Powerball: $587.Five million, Nov. 28, 2012 – Arizona, Missouri
  9. Powerball: $564.1 million, Feb. 7, 2015 – North Carolina, Puerto Rico, Texas
  10. Powerball: $559.7 million, Jan. 6, 2018 – New Hampshire
  11. Mega Millions: $543 million, Jul. 24, 2018 – California
  12. Mega Millions: $536 million, Jul. eight, 2016 – Indiana
  13. Mega Millions: $533 million, Mar. 30, 2018 – New Jersey
  14. Powerball: $487 million, Jul. 30, 2016 – New Hampshire
  15. Powerball: $456.7 million, Mar. 17, 2018 – Pennsylvania
  16. Mega Millions: $451 million, Jan. Five, 2018 – Florida
  17. Powerball: $448.four million, Aug. 7, 2013 – Minnesota, New Jersey (2)
  18. Powerball: $447.eight million, Jun. 10, 2017 – California
  19. Powerball: $435.three million, Feb. 22, 2017 – Indiana
  20. Powerball: $429.6 million, May 7, 2016 – New Jersey
  21. Powerball: $425.three million, Feb. 19, 2014 – California
  22. Powerball: $420.nine million, Nov. 26, 2016 – Tennessee
  23. Mega Millions: $414 million, Mar. 18, 2014 – Florida, Maryland
  24. Powerball: $399.four million, Sep. 18, 2013 – South Carolina
  25. Mega Millions: $393 million, Aug. 11, 2017 – Illinois

For the ones protecting rating, the collection of jackpots within the most sensible 25, through lottery sport, are:

  • Powerball: 15
  • Mega Millions: 10

Top 25 money price jackpots

Since many lottery winners gather their winnings in money, the lump-sum payout is a very powerful measure of what a successful price ticket may well be price.

Looking on the money price, the approaching Powerball jackpot ranks because the Ninth-largest money price in international historical past.

  1. Powerball: $983.Five million money, Jan. 13, 2016 ($1.5864 billion annuity) – California, Florida, Tennessee
  2. Mega Millions: $904.nine million money, Oct. 23, 2018 ($1.6 billion annuity) – Preliminary estimate, now not gained but
  3. Powerball: $480.Five million money, Aug. 23, 2017 ($758.7 million annuity) – Massachusetts
  4. Mega Millions: $471 million money, Mar. 30, 2012 ($656 million annuity) – Illinois, Kansas, Maryland
  5. Powerball: $384.7 million money, Nov. 28, 2012 ($587.Five million annuity) – Arizona, Missouri
  6. Powerball: $381.1 million money, Feb. 7, 2015 ($564.1 million annuity) – North Carolina, Puerto Rico, Texas
  7. Mega Millions: $378 million money, Jul. eight, 2016 ($536 million annuity) – Indiana
  8. Powerball: $370.nine million money, May 18, 2013 ($590.Five million annuity) – Florida
  9. Powerball: $354.three million money, Oct. 24, 2018 ($620 million annuity) – Preliminary estimate, now not gained but
  10. Powerball: $352 million money, Jan. 6, 2018 ($559.7 million annuity) – New Hampshire
  11. Mega Millions: $347.6 million money, Dec. 17, 2013 ($636 million annuity) – California, Georgia
  12. Powerball: $336.eight million money, Jul. 30, 2016 ($487 million annuity) – New Hampshire
  13. Mega Millions: $324 million money, Mar. 30, 2018 ($533 million annuity) – New Jersey
  14. Mega Millions: $320.Five million money, Jul. 24, 2018 ($543 million annuity) – California
  15. Powerball: $284 million money, May 7, 2016 ($429.6 million annuity) – New Jersey
  16. Mega Millions: $281.nine million money, Jan. Five, 2018 ($451 million annuity) – Florida
  17. Powerball: $279.1 million money, Jun. 10, 2017 ($447.eight million annuity) – California
  18. Powerball: $273.nine million money, Mar. 17, 2018 ($456.7 million annuity) – Pennsylvania
  19. Powerball: $263.Five million money, Feb. 22, 2017 ($435.three million annuity) – Indiana
  20. Powerball: $258.2 million money, Aug. 7, 2013 ($448.four million annuity) – Minnesota, New Jersey (2)
  21. Powerball: $254.7 million money, Nov. 26, 2016 ($420.nine million annuity) – Tennessee
  22. Mega Millions: $246.Five million money, Aug. 11, 2017 ($393 million annuity) – Illinois
  23. Mega Millions: $240 million money, Jan. four, 2011 ($380 million annuity) – Idaho, Washington
  24. Mega Millions: $233.1 million money, Mar. 6, 2007 ($390 million annuity) – Georgia, New Jersey
  25. Mega Millions: $230.nine million money, Mar. 18, 2014 ($414 million annuity) – Florida, Maryland

The collection of jackpot money values within the most sensible 25, through lottery sport, are:

  • Powerball: 14
  • Mega Millions: 11

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North Fork
United States
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October 17, 2018
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Posted: Today, 10:26 am – IP Logged

That’s sufficient cash to are living off simply the pastime and have the ability to move it down for generations to return. There are such a lot of techniques to make use of the cash and develop your fortune too. I will be able to’t wait to look what is completed with it.

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North Fork
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October 17, 2018
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Posted: Today, 10:34 am – IP Logged

Why is the jackpot larger on probably the most jackpots and but the money payouts are smaller than different payouts?

  1. Powerball: $983.Five million money, Jan. 13, 2016 ($1.5864 billion annuity) – California, Florida, Tennessee
  2. Mega Millions: $904.nine million money, Oct. 23, 2018 ($1.6 billion annuity) – Preliminary estimate, now not gained but
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Mt Sterling, IL
United States
Member #192833
October eight, 2018
148 Posts
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Posted: Today, 10:42 am – IP Logged

Why is the jackpot larger on probably the most jackpots and but the money payouts are smaller than different payouts?

  1. Powerball: $983.Five million money, Jan. 13, 2016 ($1.5864 billion annuity) – California, Florida, Tennessee
  2. Mega Millions: $904.nine million money, Oct. 23, 2018 ($1.6 billion annuity) – Preliminary estimate, now not gained but

The true “jackpot” is the true money this is within the “pot” (the money price, or CV), and the “Jackpot” determine that they put it up for sale is the “annuity”, the CV plus the pastime that money would earn over the 29 12 months annuity. If you select the annuity (now not the money choice) they might make investments the CV for you in low pastime, however very protected, executive bonds, and they’d ship you a take a look at once a year.

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Simpsonville
United States
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January 22, 2015
1521 Posts
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Posted: Today, 10:42 am – IP Logged

Saylorgirl:  Won $eight in your Powerball closing evening.  Good good fortune to you.

Kingofearth's avatar - Kinnak

Florida
United States
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May Five, 2016
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Posted: Today, 10:46 am – IP Logged

The true “jackpot” is the true money this is within the “pot” (the money price, or CV), and the “Jackpot” determine that they put it up for sale is the “annuity”, the CV plus the pastime that money would earn over the 29 12 months annuity. If you select the annuity (now not the money choice) they might make investments the CV for you in low pastime, however very protected, executive bonds, and they’d ship you a take a look at once a year.

That leads to a couple attention-grabbing jackpot dimension comparisons

Mega Millions: $347.6 million money, Dec. 17, 2013 ($636 million annuity) – California, Georgia
Powerball: $336.eight million money, Jul. 30, 2016 ($487 million annuity) – New Hampshire

First factor to do after successful a US lottery: Move out of the 3rd international theocratic failed state.

dpoly1's avatar - driver

PA
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October 16, 2008
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Posted: Today, 11:00 am – IP Logged

I will play this later within the week!

Lep

dpoly1 – Playing the lottery to avoid wasting the roles of those who construct, shipping, promote & take care of luxurious pieces! –

 

Eschew Poverty ……….. Vote Conservative!

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Mt Sterling, IL
United States
Member #192833
October eight, 2018
148 Posts
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Posted: Today, 11:03 am – IP Logged

Why is the jackpot larger on probably the most jackpots and but the money payouts are smaller than different payouts?

  1. Powerball: $983.Five million money, Jan. 13, 2016 ($1.5864 billion annuity) – California, Florida, Tennessee
  2. Mega Millions: $904.nine million money, Oct. 23, 2018 ($1.6 billion annuity) – Preliminary estimate, now not gained but

To provide you with some concept of the adaptation between the annuity and what the money choice can be price over the similar time frame, if you happen to had gained a million greenbacks  CV in 1989 (29 years in the past) and took the annuity (for the sake of comparability, we’re going to use the similar ratio as they are the use of as of late, .565, so $1,00zero,00zero/.565=$1,770,00zero Annuity Value, if lightly disbursed you would obtain a pleasing take a look at within the mail once a year for approximately $61,00zero minus taxes… If you would taken the CV, you would get a take a look at for $1,00zero,00zero minus taxes, let’s name it $600,00zero. If you would invested that into Johnson & Johnson not unusual inventory, an especially smartly run however uninteresting corporate, the proportion value again then was once round $6, so that you personal 100,000shares of J&J. The inventory paid a dividend of $1.16/12 months, if my charts are right kind, in order that’s $116,00zero consistent with 12 months dividend source of revenue (on a $600,00zero funding in this kind of protected corporate, that is screaming sizzling, and now not conventional) and as of late those self same stocks can be paying you $360,00zero consistent with 12 months in dividend source of revenue pre-tax… And your 100,00zero stocks can be price $14,00zero,00zero. Or it is advisable to be going to the put up administrative center this month to pick out up your closing take a look at for $61,00zero if you happen to’d selected the annuity. 😉

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Mt Sterling, IL
United States
Member #192833
October eight, 2018
148 Posts
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Posted: Today, 11:08 am – IP Logged

That leads to a couple attention-grabbing jackpot dimension comparisons

Mega Millions: $347.6 million money, Dec. 17, 2013 ($636 million annuity) – California, Georgia
Powerball: $336.eight million money, Jul. 30, 2016 ($487 million annuity) – New Hampshire

Yep! It’s loopy how a lot the bond costs can sway the expected price of the annuity. I forgot to say that to I*gained, that the explanation why there may be this kind of massive distinction is for the reason that bond costs cross up and down, thus affecting the ratio between the true CV and the expected annuity price.

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Mt Sterling, IL
United States
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October eight, 2018
148 Posts
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Posted: Today, 11:28 am – IP Logged

To provide you with some concept of the adaptation between the annuity and what the money choice can be price over the similar time frame, if you happen to had gained a million greenbacks  CV in 1989 (29 years in the past) and took the annuity (for the sake of comparability, we’re going to use the similar ratio as they are the use of as of late, .565, so $1,00zero,00zero/.565=$1,770,00zero Annuity Value, if lightly disbursed you would obtain a pleasing take a look at within the mail once a year for approximately $61,00zero minus taxes… If you would taken the CV, you would get a take a look at for $1,00zero,00zero minus taxes, let’s name it $600,00zero. If you would invested that into Johnson & Johnson not unusual inventory, an especially smartly run however uninteresting corporate, the proportion value again then was once round $6, so that you personal 100,000shares of J&J. The inventory paid a dividend of $1.16/12 months, if my charts are right kind, in order that’s $116,00zero consistent with 12 months dividend source of revenue (on a $600,00zero funding in this kind of protected corporate, that is screaming sizzling, and now not conventional) and as of late those self same stocks can be paying you $360,00zero consistent with 12 months in dividend source of revenue pre-tax… And your 100,00zero stocks can be price $14,00zero,00zero. Or it is advisable to be going to the put up administrative center this month to pick out up your closing take a look at for $61,00zero if you happen to’d selected the annuity. 😉

Just for amusing: through weight of comparability, you win this MM jackpot and take the CV and pay your taxes, give the Lord His 10%, and provides away every other 10% to family members you might be left with $440M to put money into an organization inventory (to grossly oversimplify issues your inventory will carry out similar to J&J in our northern instance)… In 29 years your dividend source of revenue will likely be $264M consistent with 12 months pre-tax, and the stocks can be price $10.1B.

TheMeatman2005's avatar - lightening

Brooklyn, NY
United States
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October 29, 2015
1059 Posts
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Posted: Today, 11:46 am – IP Logged

Why is the jackpot larger on probably the most jackpots and but the money payouts are smaller than different payouts?

  1. Powerball: $983.Five million money, Jan. 13, 2016 ($1.5864 billion annuity) – California, Florida, Tennessee
  2. Mega Millions: $904.nine million money, Oct. 23, 2018 ($1.6 billion annuity) – Preliminary estimate, now not gained but

One of the explanations is the present rate of interest as opposed to the rate of interest to be had again in 2016 when the Power Ball jackpot was once $1.5864 Billion.

Looking on the present MM jackpot of $1.6 Bil, the money price is $904.nine Mil.

That is .565562 of $1.6 Bil while $983.Five Mil money price is .619957 of $1.5864 Bil.

The upper the rate of interest, the fewer money is wanted to achieve the projected marketed annuity quantity. As smartly because the decrease the rate of interest, the extra money wanted to achieve the projected annuity quantity.

If the Power Ball lottery from 2016 was once held now, the marketed annuity price can be $1,738,978,219

$983.Five mil ÷ .565562 = 1,738,978,219

If the Mega Millions lottery for Tuesday was once held again in 2016, the marketed annuity price can be $1,459,617,360

$904.nine mil ÷ .619957 = 1,459,617,360

I believe I did this as it should be What?

The Meatman

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning occurs in a flash, Like A Bolt Of Lightning!  Patriot

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Mt Sterling, IL
United States
Member #192833
October eight, 2018
148 Posts
Online

Posted: Today, 11:52 am – IP Logged

One of the explanations is the present rate of interest as opposed to the rate of interest to be had again in 2016 when the Power Ball jackpot was once $1.5864 Billion.

Looking on the present MM jackpot of $1.6 Bil, the money price is $904.nine Mil.

That is .565562 of $1.6 Bil while $983.Five Mil money price is .619957 of $1.5864 Bil.

The upper the rate of interest, the fewer money is wanted to achieve the projected marketed annuity quantity. As smartly because the decrease the rate of interest, the extra money wanted to achieve the projected annuity quantity.

If the Power Ball lottery from 2016 was once held now, the marketed annuity price can be $1,738,978,219

$983.Five mil ÷ .565562 = 1,738,978,219

If the Mega Millions lottery for Tuesday was once held again in 2016, the marketed annuity price can be $1,459,617,360

$904.nine mil ÷ .619957 = 1,459,617,360

I believe I did this as it should be What?

It’s humorous to suppose that if rates of interest all at once took a nose-dive, an ordinary jackpot may just (theoretically) drop from one drawing to the following, even with out a jackpot winner!

CDanaT's avatar - Nolz june15.jpg

Central TN
United States
Member #121193
January four, 2012
2773 Posts
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Posted: Today, 11:53 am – IP Logged

Just for amusing: through weight of comparability, you win this MM jackpot and take the CV and pay your taxes, give the Lord His 10%, and provides away every other 10% to family members you might be left with $440M to put money into an organization inventory (to grossly oversimplify issues your inventory will carry out similar to J&J in our northern instance)… In 29 years your dividend source of revenue will likely be $264M consistent with 12 months pre-tax, and the stocks can be price $10.1B.

MM Cash Option( lately): $ 904,900,00zero.

Minus 37% Feds Accumulation: $ -334,813,00zero

Net sum to your pocket: $ 570,087,00zero

**please deduct for for state and native taxes applicably

 

My take at the 30 12 months ANNUITY Plan…. Then once more, I am an outdated curmudgeon

Puke30 12 months annuity plan

Lottery: Stay certain and keep within the hunt

Todd's avatar - Cylon 2.gif

50

Chief Bottle Washer

New Jersey
United States
Member #1
May 31, 2000
24662 Posts
Online

Posted: Today, 11:53 am – IP Logged

One of the explanations is the present rate of interest as opposed to the rate of interest to be had again in 2016 when the Power Ball jackpot was once $1.5864 Billion.

Looking on the present MM jackpot of $1.6 Bil, the money price is $904.nine Mil.

That is .565562 of $1.6 Bil while $983.Five Mil money price is .619957 of $1.5864 Bil.

The upper the rate of interest, the fewer money is wanted to achieve the projected marketed annuity quantity. As smartly because the decrease the rate of interest, the extra money wanted to achieve the projected annuity quantity.

If the Power Ball lottery from 2016 was once held now, the marketed annuity price can be $1,738,978,219

$983.Five mil ÷ .565562 = 1,738,978,219

If the Mega Millions lottery for Tuesday was once held again in 2016, the marketed annuity price can be $1,459,617,360

$904.nine mil ÷ .619957 = 1,459,617,360

I believe I did this as it should be What?

It if truth be told displays how excellent the financial system is doing presently.

TheMeatman2005's avatar - lightening

Brooklyn, NY
United States
Member #169723
October 29, 2015
1059 Posts
Offline

Posted: Today, 11:54 am – IP Logged

It’s humorous to suppose that if rates of interest all at once took a nose-dive, an ordinary jackpot may just (theoretically) drop from one drawing to the following, even with out a jackpot winner!

THAT’S NOT FUNNY! No No

The Meatman

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning occurs in a flash, Like A Bolt Of Lightning!  Patriot

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