Powerball Continues to Dodge Players, Jackpot Grows to $900M

The Powerball jackpot’s abysmal betting odds of just now ace inwards 292.2 one thousand thousand are designed to build openhanded prizes that come-on in to a greater extent players. It’s working.

The Multi-State Lottery Association (MUSL), which operates Powerball, overhauled the mettlesome inwards Oct 2015 which included reducing the figure of carmine Powerballs from 35 to 26 but increasing the identification number of whitened balls from 59 to 69. The readjustment lengthened the chances of a fine matching all six numbers from just about single inward 175.2 one thousand thousand to i in 292.2 million.

Lottery officials say bigger jackpots course lot inward more players, and more just the ticket sales drive home to a greater extent benefits to Powerball’s 48 participating lotteries. Powerball is played inward 45 states, plus DC, Puerto Rico, and the US Virgin Islands.

The Powerball jackpot rolled o'er for a 37th clip Sabbatum dark after no fine matched the sixer drawn numbers — 2-9-43-55-57 and the ruddy Powerball 18. The next drawing is tonight, July 17, at 10:59 pm EST from the FL Lottery pull studio inwards Tallahassee. The cutoff to purchase a fine varies past jurisdiction but is typically about an hr before the live drawing.

$900M Jackpot

The Powerball jackpot for this night is an estimated $900 million, with a one-time immediate payment option of $465.1 million.

The jackpot ranks as the third-largest appreciate in Powerball history and the seventh-largest drawing jackpot inward US history. Powerball holds the cover deuce all-time spots, with a $2.04 one million million appreciate won on Nov. 7, 2022, and a $1.586 1000000000000 jackpot hit on Jan. 13, 2016.

There make been sixer lottery jackpots won in US history worth to a greater extent than $1 billion before taxes. If no more Powerball ticket matches the VI numbers tonight, the stream jackpot testament almost certainly turn the 7th 10-digit drawing prize.

While higher involvement rates typically don’t benefit consumers, it does facilitate Powerball and its primary competitor, Mega Millions. That’s because such lotteries push their jackpots based on the winner choosing a 30-year annuitized payout.

The Powerball and Mega Millions annuitized payments come in through and through bonds backed past the US Treasury. With the federal involvement place currently at more than 5%, the lotteries’ annuitized jackpots are substantially richer than they would follow if interestingness rates were lour or regular at 0%, as was the caseful inwards 2021.

MUSL officials say if a winner snags the $900 1000000 jackpot tonight, they will experience the alternative of choosing the $465.1 1000000 pre-tax hard currency choice or taking the good $900 1000000 paid out o'er the next 30 years.

If the victor selects the rente option, they testament have ane quick defrayal followed past 29 annual payments that increase past 5% for each one year,” MUSL explained.

The $465.1 meg immediate payment alternative would live rock-bottom by virtually $172 gazillion after federal taxes. That would leave of absence almost $293 gazillion for the winner, but that prize could be further subjected to tell taxes depending on the winner’s residency.

Mega Millions to $640M

Along with Powerball, Mega Millions is prepping a life-changing jackpot. Mega Millions is upwards to $640 million after no ticket matched the half-dozen drawn numbers on Friday night.

Mega Millions has gone 25 drawings without a jackpot winner. The spirited will follow drawn next tomorrow at 11 pm EST from the WSB-TV studios in Atlanta.

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