It’s been three months since the Powerball has seen a victor, which is why the prize is so big just six months after the record-setting $1.6 billion jackpot that was won in January.
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The current Powerball jackpot has been growing since May 11, the next drawing is set for Saturday, July 30th.
However, those Saturday Powerball estimated jackpot totals will likely grow in leaps and bounds now that news about Wednesday evening’s Powerball drawing not garnering any big winners is spreading.
“I never had close to that much money before”.
For those who are lucky enough to win lotteries, there is a variety of ways they choose to spend their jackpot. The victor could opt for a lump sum payment of $330.6 million before federal taxes or have the winnings spread out over 30 years.
According to USA Today, the winning white Powerball numbers for the Powerball drawing on Wednesday, July 27, were 10, 47, 50, 65, and 68 – and the red Powerball number was 24.
A second ticket in the state matched four numbers and the Powerball, making it worth $50,000.
The Powerball game is based on lottery tickets sold for $2 apiece.
The odds of picking the correct Powerball grand prize numbers are one in 292,201,338.
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The lump sum payout for the prize is expected to be about $330.6 million, the lottery said. It is played in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Have you been close to winning before? The federal tax on lottery winnings is 25 percent. But if you’re hoping to get a piece of the Powerball action, you better act fast!
