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Currently, the Powerball jackpot sits at $265 million, a far cry from the existing Mega Millions jackpot. All of the best 5 lottery jackpots in the U.S. have surpassed the $1 billion mark. BOSTON — A record Powerball jackpot proved to be a windfall not just for the winning ticket-holder, but for the Massachusetts Lottery, as well. Considering that 2016, six lottery jackpots — split involving Mega Millions and its competing lottery, Powerball — in the United States have surpassed $1 billion, which includes 3 in the previous year.


It is grown even larger for Tuesday's drawing, to an estimated $370 million. According to the Mega Millions web page, the cash selection Tuesday will be $213.3 million. The jackpot for Friday's drawing now stands at $480 million with a money solution of $276 million. Nevertheless, a lottery ticket matching 5 numbers worth $1 million was sold in Illinois.

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One of these sold in Ohio was worth $three million since it included the optional Megaplier. The other eight Match 5 tickets were all worth $1 million, with two each and every getting sold in New Jersey and New York, plus a single each and every in California, Florida, Illinois and Ohio. Though $400 million is a lot of income, it is not the biggest sum by far.


And yet, the myth of the miserable lottery winner persists. The history of this myth reveals a longstanding national discomfort with gambling, and exposes deep-seated cultural beliefs about the connection between wealth, work, and merit. The jackpot is the ninth biggest ever for a United States lottery game. The clock is ticking for whoever landed the $1.34 billion Mega Millions jackpot in late July — if they want to claim their prize as a lump sum. Officials also encourage the winner to sign the back of their ticket, seek legal advice and make an appointment with the Illinois Lottery to claim their prize.

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They are every worth $552,641, the California Lottery announced. No a single has hit the Powerball jackpot since a $206.9 million ticket was bought in Westmoreland County, Pennsylvania, for the Aug. three drawing. The winning numbers for the $378 million Powerball lottery jackpot on Saturday, Oct. 8, 2022, will be drawn tonight. The jackpot now grows to an estimated $480 million, which characteristics a cash worth of $242.2 million.

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But it was so long ago, he said, that he does not remember what he did with the windfall Take a look at the site here other than "paid taxes." In 1999, Alabama voted down a lottery referendum beneath a mix of opposition from churches and out-of-state gambling interests. Lottery proposals have given that stagnated in its legislature, the issue now intertwined with debate more than electronic gambling. "They've been operating Powerball or its predecessor for , and they've gradually been creating it harder and tougher to win," Matheson tells CNBC Make It. Mega Millions and Powerball organizers have gradually produced their lottery harder to win for decades, says Victor Matheson, an economics professor at the College of the Holy Cross who studies lotteries.

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The twice-weekly lottery has a roll-more than jackpot that steadily rises if no winning ticket is claimed. The most current jackpot is $20 million just after the final $1.35 billion jackpot was won on Jan. 13, 2023 and $20 million was won in the following drawing in the state of New York. Tickets expense $2 each and every and consist of 5 numbers and a separate ‘Mega Ball’. The odds of winning the prime prize are a lot more than 300 million to 1. Players win the jackpot by matching all six numbers in a drawing.


It tweaked the game, notably such as having players opt for five numbers from 1 to 69 rather of from one to 59 beneath the prior guidelines. The winnings are topic to federal taxes of among 24% and 37%, and, in most circumstances, state taxes. Only ten states do not have state taxes on lottery winnings. The preceding planet-record jackpot was set in 2016, when $1.59bn was split among 3 Powerball players. The previous night, the very-anticipated draw was delayed by almost 10 hours following Powerball announced that one of the 48 participating lotteries was nevertheless processing its sales and play information.

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With a substantial sum of revenue now in your possession, Ortega suggests you subsequent ought to employ both an lawyer and an accountant to figure out a strategic plan for your newfound wealth. Ortega says that, in the finish, you will want to make sure that you happen to be prepared for the sort of social intrusions that will take place as effectively as handling such a huge sum of revenue. If you are fortunate sufficient to win, experts warn that you need to keep your lips sealed tight. Michigan mother charged with murder just after 4-year-old dies though kayaking A mother is facing charges soon after her toddler drowned last year close to Lansing. Claire Elizabeth Powers, 33, was charged with second-degree murder this week right after an investigation stemming from the March 29, 2022, incident.

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