“Jackpot increased because of yesterday’s strong sales”, Kelly Cripe, director of media relations at the Texas Lottery Commission, said in a statement announcing the higher estimated payoff.
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Back now with our world record powerball prize growing along with the lines to buy tickets for Wednesday’s night historic drawing. The jackpot estimate is reviewed daily.
At the last draw on Saturday, 25 people matched the first five numbers – winning $1m each – and three others had paid a bonus netting them $2m each but no one claimed the then $950m jackpot.
The lure of quick cash was too much for Thomas Lanehy of Collinswood, N.J., who stood in line Monday at Kumar’s convenience store to buy one $2 ticket. In the past two drawings, the jackpots have reached mindboggling proportions and drawn increasing media attention. In that case, the administrating Multi-State Lottery Association puts that money in conservative investments on the winner’s behalf, which should grow to $1.5 billion after 30 years.
Lump sum: The $1.5 billion prize is cut to $930 million if the victor takes it all at once. The top IRS tax bracket is 39.6 percent so the victor would start with almost $562 million after some taxes.
According to the law, “all persons are prohibited from importing into the United States from any foreign country any … lottery ticket, or any printed paper that may be used as a lottery ticket, or any advertisement of any lottery”.
Jeff Holyfield of the Michigan Lottery said this afternoon that Michigan players have purchased more than 5 million tickets since Sunday for the January 13, 2016 drawing.
This huge Powerball jackpot will help ensure that the N.C. Education Lottery generates as much or more revenue for educational purposes here as it budgeted by the end of this fiscal year, $528 million.
You don’t become a smart investor when you win the lottery.
That marked the 19th without a grand prize victor.
But this all largely misses the more important fact: The chances of winning are incredibly remote, so it makes little difference whether you’d have to share the money.
Lottery officials, backed by mathematicians, said probabilities equal out over time, but in shorter periods, oddities can occur, in the same way someone could flip a coin and get heads five times in a row.
“So far today, players have bought more than 1 million tickets”, he said.
It’s 9:59 p.m., an hour before the 10:59 p.m. drawing at Universal Studios in Orlando on Wednesday night, according to the state’s website. Richard Lustig’s strategy is to spend what you can afford on Powerball and lottery tickets.
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And when I don’t win, a few dollars of that will find its way to the schools, where it is needed.
