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Record Powerball jackpot now estimated at $1.5B
“Someone has to win”, he said.
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The jackpot for Wednesday’s Powerball has reached a world record estimated $1.5 billion. As the official Powerball website explains, there are some state lotteries that offer to sell tickets to their own residents, but those sites offering to buy tickets and hold them for customers are not legal. Interestingly, bigger jackpots actually lower your expected per-ticket earnings. That’s where he covered the M in million with a B for billion. “That’s $50 million that stays right here in the state of Texas”.
The Wall Township area could be your lucky place to buy a ticket for Wednesday’s Powerball drawing with an astounding $1.4 billion annuity jackpot. They’re typically smaller lotteries with more modest jackpots of $1 million or less.
The next Powerball drawing will be held on Wednesday, January 13 at 10:59 p.m. EST.
There are 292-million possible six-number combinations. Lustig says sticking with your numbers time and time again will give you a better shot at winning.
In fact, his ticket was just one number away from hitting the record jackpot.
The California Lottery reported Tuesday that the state continues to lead the country in sales.
A victor would have the option of being paid $1.4 billion through annual payments over 29 years or opting for one $868 million cash payment. If the ultimate Powerball victor is from Louisiana, the state may be entitled to 5 percent to 6 percent of the winnings through income taxes.
But even if Powerball – and the lottery – brings in more money this year, it can’t be used to cover the existing public schools shortfall.
One of them was Andrew “Jack” Whittaker of West Virginia, who took a $170 million lump sum in 2002.
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Gurney said players should elect a group leader who will be responsible for collecting and accounting money from the group.