Powerball Jackpot Climbs Past Half a Billion Dollars, Tuesday Prize Estimated $508M
The Powerball jackpot for the drawing game’s Wednesday, October 19, drafting is an estimated $508 million.
At $508 million, Wednesday’s draw poker is moving closer to reaching Powerball’s 10 largest jackpots inwards the game’s history. Powerball began inwards April 1992.
To go the pinch 10, the Powerball jackpot will demand to avoid being won tomorrow night and acquire to at least $564.1 million. No tickets matched lowest night’s winning white glob numbers of 19, 30, 36, 46, 60, and the reddish Powerball 25.
The endure clip the Powerball jackpot was magnetic north of half of a one million million dollars was rearwards on Jan 5 when ii tickets sold in Calif. and WI shared a $632.6 one thousand thousand prize.
The last-place Powerball just the ticket to mate all sestet numbers occurred during the August 3 drawing off when a just the ticket sold in Keystone State won $206.9 million. There experience been 32 drawings since without a jackpot hit.
Powerball tickets be $2 per play. The spirited offers II break $1 add-ons in most states — a $1 Power Play choice and a $1 Double Play option that features another sise numbers that doh non dispose for the jackpot but only when lower-tier prizes.
How Powerball Grows Jackpot
Powerball and Mega Millions make extend up legion(p) jackpots upwards of half a 1000000000 dollars or to a greater extent since the 2 games revamped their gameplay to piss the betting odds of winning the jackpot longer. With the betting odds of a Powerball fine matching all half-dozen numbers now 1 inwards 292 million and 1 inwards 302.5 trillion for Mega Millions, the games’ jackpots more commonly ramble o'er many times and balloon to nearly 10-digit sums.
To encourage run during take down jackpot amounts, Powerball initiates a possible 10x Power Play. The Power Play multiplier typically ranges from 2x to 5x. The multiplier is drawn at the same time during the game’s thrice hebdomadary draw.
The Power Play multiplier applies only to non-jackpot wins. For instance, if a just the ticket matches only the Powerball and no whiteness balls, the just the ticket wins $8 on the 2x multiplier. But when the Powerball jackpot is at a lower place $150 million, the mettlesome includes a possible 10x multiplier that would growth that $8 treasure to $40.
Powerball’s undercoat rival, Mega Millions, does not bring such a 10x multiplier. Instead, the biz maintains its $1 add-on “Megaplier” a invariable 2x to 5x.
Lottery Hysteria
Mega Millions was also due north of half of a 1000000000000 dollars this month but was finally collide with lastly Friday. Two tickets — single sold inwards FL and the other inward CA — split the $502 1000000 jackpot.
With Mega Millions support to $20 million, Powerball should exact the bulk of this week’s drawing action. In recent months, lottery sales make outpaced estimates past drawing officials, significance tomorrow’s $508 zillion prize could live a flake more.
But for now, the $508 million jackpot comes with a lump amount of money hard currency economic value of $256.3 million. After a 37% federal tax, the one-time defrayment would add up to $161.5 million.
State taxes would so follow levied unless the victor resides inward California, Delaware, New Hampshire, South Dakota, Tennessee, Texas, Washington, or Wyoming, as those are the only if states that make non task lottery prizes as personal income.