The Powerball jackpot has increased to $900 million just hours before the drawing.
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News 3 will have those winning numbers Saturday night at 11 p.m. Eastern.
Taxation will also depend on whether the victor opts for the one-time lump sum of $496m in cash or for the full $800m distributed in annual payments over 29 years. With Powerball sales doubling previous records, the odds are growing that someone will win Saturday’s $800 million jackpot, but i…
Lottery officials say if a Florida Retailer sells a jackpot winning Powerball ticket, they’ll receive a $100,000 bonus commission.
Hamburg, Harry Saturday night’s drawing will be the 19th since the most recent Powerball grand prize victor, which occurred in Tennessee on November 4.
Chances of having the Powerball ticket are one in 292.2 million, according to Multi-State Lottery Corporation, which runs the game.
“There’s a lot of people who have been coming to buy the tickets for the last three days, and they’re very excited”, cashier Ana Garcia said.
File image of a person purchasing Powerball lottery tickets from a newsstand Wednesday, Jan. 6, 2016, in Philadelphia.
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“Once you get numbers that size, it’s hard for people to wrap their minds around them”, Wasserstein said. “Most of our customers they work for what they’ve got”.
“Pople start taking notice when it’s like $250 million for the jackpot; once you hit the $500 million mark, sales just go insane, not just in South Dakota, but nationwide”, South Dakota Lottery public relations director Kelly Thompson said.
But, you’re not going to win. He won $2 million in mid-December.
“It was a Friday morning like I’ve never seen before”, she said. A victor there, Prante said, would take home about $260 million.
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Taxes can eat up close to half a Powerball jackpot, but the amount taken out can vary widely depending on where a victor lives – meaning state and local taxes can mean a difference of tens of millions of dollars.
