Powerball soars to $700 million, largest U.S. lottery jackpot ever |
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Powerball, played in 44 states, Washington, and two U.S. territories, is worth $428.4 million if a winner chooses an immediate cash payout instead of annual payments over 29 years, the Multi-State Lottery Association said on its website. Powerball jackpot winner was in November, when a ticket holder from Tennessee claimed $144.1 million. United States happened in March 2012 when three ticket holders in Kansas, Illinois and Maryland shared $656 million in the Mega Millions lottery. Powerball to win the jackpot since early November. This is why the prize has grown incredibly large. GA (WAOK) — Powerball lottery officials are reporting brisk ticket sales with a record jackpot on the line Saturday night. Wednesday’s ( 01/06/16) drawing and the money keeps piling up. The chances of winning are nearly 1 in 300 million. Moore is a 25 year professional multi-media veteran. His body of work can be seen, heard and felt across a broad media spectrum. Jeffrey Dampier and his ex-wife won $20 million in the Illinois lottery. New Jersey lottery in 2009. Instead of splitting winnings with five co-workers, he quit his job, saying he needed foot surgery. Mega Millions, this was the single largest jackpot pooled by any lottery in the world. Ever. But like most of the other grand prizes on this list, the pot was split among multiple winning tickets with all the right numbers. Ever. But like most of the other grand prizes on this list, the pot was split among multiple winning tickets with all the right numbers. The California retiree was the drawing’s sole winner. The other belonged to Floridians Raymond Moyer and Robyn Collier. They said they plan to invest, travel and attend Notre Dame football games with their winnings. Some tried-and-true players stick with their special mix of numbers using birthdays, anniversaries or other cherished digits. The next step would be for representatives from the commission to come to the store and inspect the lottery equipment. United States. Nearly $1 billion is now up for grabs for lottery players. Powerball’s drawing for Saturday has a jackpot estimated at a whopping $700 million. That is a whopping $965 million combined, and it is now almost mathematically certain that these lotteries will go well above $1 billion if they do not produce winners. The reality of course is that these are the annuity values of the lottery jackpots. They are an opportunity to create dynasties with multi-generational wealth. There is what to do or not do on taking the upfront cash or the annuity value, and there are the tax consequences. There have been at least two murders tied to lottery winners. Lottoland is different. It operates more like a bookmaker, taking “bets” on the outcome of the numbers drawn.
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Prize Fund. The total amount of $20 and Free Play prizes is paid from the Prize Fund, and the balance of the fund (the Pools Fund) is then allocated to the 5/7, 6/7, 6/7 + Bonus and 7/7 prize categories as indicated in the table below.
Illinois Lottery began operating on July 1, 1974 as part of the Illinois Department of Revenue with Ralph Batch as its Superintendent. One month later, the first Lottery tickets -- they cost 50 cents -- went on sale at some 7,000 retailer locations statewide.
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