Published September 28,2023
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The Powerball jackpot within the US has climbed to $925 million, up for grabs on Saturday.
The prize elevated from roughly $850 million after there was no winner on Wednesday night time’s drawing.
However, 4 tickets offered within the states of California, Kansas, Maryland and New York matched all of the 5 white balls, besides the sixth purple ball, as they received $1 million apiece, in accordance with Powerball.
“If a player wins the jackpot on Saturday night, they will have the choice between an annuitized prize worth an estimated $925 million or a lump sum payment estimated at $432.4 million. Both prize options are before taxes,” it stated Thursday in an announcement.
“If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year,” it added.
The winner additionally has to take care of taxes beneath varied choices and primarily based on varied state legal guidelines.
While the annuitized choice can be taxed primarily based on that 12 months’s present charges, there are additionally state taxes, starting from 0% to over 10%, relying on the state and whether or not it taxes lottery winnings or not.
Hitting all six numbers in a single ticket for the Powerball jackpot has the likelihood of 1 in 292 million, whereas tickets price $2 per play.
The Powerball jackpot of $1.08 billion was received on July 19 with a ticket in California. Since then, there have been 30 consecutive drawings with no grand prize winner.
The greatest Powerball jackpot was $2.04 billion on Nov. 7, 2022, received by a ticket offered in California.
Source: www.anews.com.tr