The difference is whether the winner takes the cash or agrees to have that money placed in a low-risk investment with a guaranteed payment made annually. One tumbler contains 69 white balls and another holds 26 red balls. Eastern time, usually in Tallahassee, Florida. To the lottery, the payout is the same.
Powerball officials announced Sunday one ticket sold in New Hampshire matched all six numbers in Saturday night’s Powerball drawing worth $487 million.
State and federal taxes vary by state, but in general, winners pay about half the cash amount.
The winning numbers for the Powerball are 11-17-21-23-32 and the Powerball number is 5.
. There had not been a winner since May 7, when a family from New Jersey won a $429.6 million jackpot.
Jackpot winners can choose between an annuity paid out over 29 years or a cash option. The big jackpot prize that gets most attention refers to the annuity, but most winners choose the cash option. Thanks to the change, three of the largest Powerball prizes, including the current jackpot, have occurred in 2016 — a tally that could grow with five months left in the year.
The Associated Press contributed to this report.
Tickets are sold in 44 states, the District of Columbia, Puerto Rico and the U.S. Annuities have tax advantages and lessens the risk a winner will blow through the money, but many people think they can earn more money by investing the winning themselves.
The drawing is held Wednesday and Saturday at 10:59 p.m. They wanted to generate bigger jackpots that would increase sales and produce even larger prizes. Virgin Islands.
It was the nation’s eighth-largest lottery jackpot. In about 30 seconds, the machines select five of the white numbered balls and one red ball.
Last year, officials at the Multi-State Lottery Association, a group of state lotteries that oversees Powerball, changed the odds of winning from 1 in 175 million to 1 in 292.2 million