Lottery Powerball Next Drawing
Lottery Powerball draws offer you a chance at millions or billions! Each play costs $2 and requires selecting five white ball numbers from 1 to 69 and one red Powerball number between 1 and 26. Learn the best info about Live Draw SGP.
Choose your numbers either using a paper Powerball play slip or digitally through myPlayslip on the Hoosier Lottery app. Alternatively, request Quick Pick and let our lottery terminal choose them randomly!
Numbers
Powerball is a multi-state lottery game renowned for its enormous jackpots. Tickets typically cost $2 per play, and you can purchase them from any Lottery retailer; use the Lottery Places app to locate one near you. When selecting five “white” numbers from 1 to 69 and one Powerball number between 1 to 26 when purchasing Powerball tickets, for an extra $1, you can also add Power Play for double first place prizes or multiply non-jackpot ones by 2, 3, 4, 5, or 10 times!
In each drawing, the jackpot increases until a lucky player strikes it rich. At present, this jackpot stands at over $685 million and continues to grow daily – the next drawing will take place on February 12, and you can check results online via Powerball’s official website.
POWERBALL prizes can be paid out in two ways: either in 29 annual installments (30 payments) or in lump sum cash when you collect it from Washington’s Lottery. If you don’t match all six numbers, your share will be divided equally with players who had the same winning combination as yourself and may even be lower than published prize levels; please consult official game rules with any questions regarding prizes for Powerball.
Odds of winning
With the Powerball jackpot reaching an estimated $1 billion, winning it requires more than just one ticket – your odds of success are roughly 1 in 292.2 million; but, if you are determined, there are ways you can increase your odds of success.
To play Powerball, purchase a $2 ticket at any participating lottery retailer or self-service kiosk and fill in a play slip by selecting five “white” numbers from 1 to 69 and one red Powerball number between 1 and 26. Suppose you want to multiply your prizes even more quickly; add Power Play for an extra $1 per line of play. In that case, its multiplier ranges from 2x-5x, multiplying any non-jackpot prizes (excluding jackpot and Match 5-winner prizes ) by this multiplier factor.
But before purchasing lottery tickets, it’s essential to keep in mind that lottery games aren’t designed with winners in mind; instead, their sole aim is to sell more tickets. Super-sized jackpots may draw in crowds; super-sized wins often garner free publicity through newscasts and websites; however, in reality, these jackpots only benefit private companies operating the games; they shouldn’t be seen as viable investments beyond saving accounts and investment funds. If winning is your priority, then alternative means could be better options, such as setting aside savings accounts or funds as viable investments compared with investing your funds – such as opening an IRA account or opening an IRA fund account would likely yield better returns than risky gaming games involving lottery jackpots!
Taxes
While your dreams may include spending a billion-dollar prize, remember that winning the lottery comes with tax obligations. Your winnings will be subject to both federal and state taxes when distributed as either cash lump sums or annuity payouts; luckily, there are ways you can reduce this tax burden.
First, determine how much of your winnings will be withheld for federal taxes. For instance, if you win the Powerball jackpot, 24 percent will be deducted from the lump sum payment and applied as part of your taxable income for that year. Use the IRS tax calculator to estimate what you owe on winnings.
Wherever you live, state taxes will also apply to winnings from casino gambling. Each state may have different taxing rules regarding winnings, so it’s wise to research how winnings are treated within its borders. Furthermore, the top marginal tax rate is 37%.
VERIFY recently received many inquiries from readers regarding the taxes associated with Powerball winnings, and we are here to help! It can be daunting trying to figure out exactly which taxes will apply. But take heart: most lottery winnings are taxed only at a federal level, while 13 states do not collect state lottery taxes.
Prizes
Powerball offers some of the world’s biggest jackpots. As of November 2017, its current jackpot has reached over $685 million and would pay out one lump-sum payment of $344.7 million to a winner. Since October, when someone took home the second-largest prize ever awarded in history, its value has continued to increase rapidly.
Each POWERBALL drawing begins with a minimum jackpot of $20 million, which increases with every unsuccessful drawing. Tickets cost only $2 per drawing, and the Power Play feature increases non-jackpot prizes 2, 3, 4, 5, or 10 times!
Purchase PowerBall tickets at Lottery retailers and self-service kiosks or online at lottery.pa.gov; choose your numbers or let the computer pick them for you with Quick Pick; multiple consecutive drawings can also be selected with Multi-Draw.
The POWERBALL drawing takes place every Monday, Wednesday, and Saturday at 9:59 p.m. Winners must claim their prizes within 180 days from each drawing; jackpot prize winners have several options for receiving their winnings: monthly installments for 29 years or one lump sum payment or having it deposited into an investment account.
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