Powerball Jackpot Hits $400m For Tonights Drawing
Powerball Jackpot Hits
The Powerball jackpot is expected to hit $400 million for tonight’s drawing, a massive sum that has topped $656 million in March 2012 and $590.5 million in May 2013. A single ticket sold in California won $699 million in March 2012. The Powerball jackpot has routinely topped $400 million, and the cash option is worth $240.8 million.
The jackpot has been rising steadily since the last drawing on Oct. 4. The previous drawing, which had a $238 million jackpot, was won by a Florida player. The largest jackpot in Powerball history was $1.586 billion in 2016, when a Florida player won a prize.
Powerball winnings in California are subject to federal income tax, but those in Puerto Rico are subject to a local tax. Florida, Texas, Washington, Wyoming, and Tennessee have no state income tax on Powerball winnings. New Hampshire taxes winnings only on interest and dividends. Winnings in other states may be subject to both federal and state taxes.
Powerball Jackpot Hits $400m For Tonights Drawing
One Powerball winning ticket in Vermont won $366.7 million. The ticket was purchased at a convenience store in Middlebury. The manager, Deb Alger, said the ticket was sold by an unknown person. She did not disclose the identity of the winner because the winning ticket holder has yet to be revealed.
There have been four Powerball jackpots this year. In California, two tickets won a prize of $632.6 million, while a ticket in Connecticut won $185.3 million. Meanwhile, an Arizona ticket won a prize of $470.1 million. The largest jackpot in Powerball history was $1.586 billion in 2016. The Powerball jackpot has grown to more than $1 billion due to lack of a jackpot winner in any state since April 1st. The lottery is available in 45 states, Washington, Puerto Rico, and the U.S. Virgin Islands.
The winner of the Mega Millions jackpot may not ever be identified. According to Illinois state law, big winners have the right to keep their names and addresses confidential. In addition to the billion-dollar jackpot, 14 million other winning tickets were sold. These prizes range from $2 million to $4 million. It is unknown if those tickets were bought in the region or not. In the meantime, the lucky winner is faced with major life decisions.
The winning tickets worth more than $600 can be claimed by mail. For winning tickets worth over $10, they must be claimed in person at the lottery offices in Phoenix or Tucson. Ticket redemption can only be done during weekday hours. The winner must present a government-issued ID and fill out the back of the ticket.