The Powerball jackpot climbed to an estimated $1.8 billion for Saturday night time’s drawing after nobody hit the highest prize Wednesday night time.
Saturday’s jackpot is now the second-largest in U.S. lottery historical past, with an estimated money worth of $826.4 million. The document jackpot was $2.04 billion, received on Nov. 7, 2022, in keeping with Powerball.
The CBS Information information workforce regarded into Powerball information to see the place winners take residence essentially the most and least, how usually numbers are drawn, and the timing and measurement of each jackpot up to now this yr.
Here is how the numbers break down:
What are the chances?
The chances of profitable the jackpot are 1 in 292.2 million, in keeping with Powerball. The general odds of profitable a prize are 1 in 24.9.
Saturday’s drawing will mark the forty second for the reason that jackpot was final claimed in California on Could 31, setting a brand new document for essentially the most consecutive drawings with no jackpot winner.
Thus far this yr, the jackpot has been hit 4 occasions. The chart under exhibits the timing and measurement of every jackpot up to now.
The most effective and worst states to win Powerball
Powerball jackpot winners could select to obtain their prize as an annuity, paid in 30 graduated funds over 29 years, or a lump-sum fee.
No matter possibility you select, the Inside Income Service takes a lower — and most states do, too.
Federal regulation requires a 24% withholding on lottery winnings over $5,000, with an extra 14.6% due at tax time, bringing the whole federal tax to about 37%. On high of that, many states levy their very own earnings tax on winnings, which might vary from a number of p.c to greater than 10%, whereas a handful of states do not tax lottery prizes in any respect.
CBS Information checked out every state to see the place a jackpot winner may take residence essentially the most — and the least — after taxes.
States together with California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming don’t tax lottery prizes. A winner of a $1.8 billion jackpot in these states may obtain sbout $1.1 billion throughout 30 funds, or $521 million as a lump sum, after federal taxes, in keeping with information from USA Mega.
In states with greater taxes, the whole yearly funds would add as much as much less in states with greater taxes. For instance, a winner in Minnesota would obtain about $958 million, adopted by Oregon, $957,089,400; New Jersey, $941,789,400; Washington, D.C., $941,789,400 and New York, $939,089,400, which has the bottom after-tax annuitized payout.
Alaska, Alabama, Hawaii, Nevada and Utah don’t have Powerball.
Cold and hot numbers
Gamers select 5 numbers from 1 to 69 and one Powerball quantity from 1 to 26.
Whereas every drawing is random, the tables under present which numbers have appeared most, and least, usually.
