Powerball jackpot climbs to 700 million

Saul Bowman
August 23, 2017

So theoretically you could buy every single combination of numbers, and at $2 per ticket you'd spend $584 million, and you'd come out ahead.

The next drawing will be Wednesday at 7:59 p.m.

The odds winning any kind of prize at all are a much more reasonable 24 to 1. Saturday night's drawing was the 20th since the jackpot was last won on June 10.

Powerball numbers were drawn for a possibility at 535 million dollars big stake

The only jackpot larger than Wednesday's was a $1.58 billion payday - which was split among three winners in California, Florida and Tennessee in 2016. To receive the cash option of an estimated $443.3 million, jackpot prizes must be claimed within 60 days of the drawing. Pennsylvania lottery officials are waiting for the victor of a $1-million prize to come forward. The federal government would claim 25 percent of the jackpot (foreigners get taxed 30 percent), which would leave the victor with either a one-time payment of $308.8 million or $16.25 million annually, according to USA Mega, a site that monitors Powerball statistics. The website charges customers a transaction fee and in return, they receive a scan of any ticket purchased before the draw. It was one of four tickets to match four winning numbers along with the Powerball for a prize of $50,000.

Ticket sales through the N.C. Education Lottery make it possible to raise more than half a billion dollars a year for education. Winning tickets shouldn't be getting the money for at a similar store.


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