![]() ![]() ![]() states as well as Washington, D.C., Puerto Rico and the U.S. Though a big amount, it pales in comparison with the massive. Powerball tickets cost $2 and are sold in 45 U.S. The Powerball jackpot rose to 159 million after no winner was selected during the last drawing. Both advertised prize options do not include federal and jurisdictional taxes. Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Lottery officials said that while the odds of winning the big jackpot may be astronomical, the chances of winning a smaller prize were much better at 1 in 24.9. 2016 in California, Florida and Tennessee. The next largest prize - $1.586 billion – was won in Jan. Powerball taxes: Lump sum payout or annuity money. The last billion-dollar Powerball prize - the jaw-dropping $2.04 billion - was won in California in November of last year. For example, the recent 1.76 billion Powerball jackpot had an estimated cash payout of about 774.1 million. There were match five winners who won $1 million in California, Indiana, Oregon and Virginia. Monday's jackpot was the third-largest prize in Powerball history, officials previously said, making Wednesday's prize now the second-largest.įlorida had at least one ticket on Monday that matched five and got the power play number, all adding up to a $2 million win. ![]()
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