Home Breaking News “Massive $875 Million Powerball Jackpot Soars to Become the Third-Largest Prize in History”

“Massive $875 Million Powerball Jackpot Soars to Become the Third-Largest Prize in History”

by primenewsglobal.com

The Powerball jackpot has once again experienced significant growth, surging to an impressive estimated amount of $875 million. This substantial sum solidifies its position as one of the largest prizes ever witnessed in the history of the game.

During Wednesday night’s drawing, no fortunate players managed to match all six winning numbers, which were revealed as 23-35-45-66-67, accompanied by a Powerball number of 20.

As anticipation builds, the upcoming Saturday drawing unveils a new jackpot that claims the spot as the third-largest in the illustrious history of the lottery game. Although it falls short of the extraordinary world record of $2.04 billion Powerball jackpot triumphantly secured last year and the notable $1.586 billion Powerball jackpot won in 2016, it still represents a staggering prize that can potentially change the life of the fortunate winner.

“Massive $875 Million Powerball Jackpot: Winner’s Dilemma – Lump Sum or Annual Installments?”

In the upcoming Saturday’s drawing, if a lucky individual manages to match all six numbers, they will have the opportunity to claim the astounding $875 million prize. The winner will have a crucial decision to make: opt for the full amount to be paid out in yearly installments or choose a one-time lump sum of $441.9 million, subject to taxes.

According to game officials, an incredible streak of 36 consecutive Powerball drawings has passed without a jackpot winner. The most recent successful claim took place on April 19 when a ticket sold in Ohio matched the winning numbers, securing a generous prize of $252.6 million.

“Revenue Distribution in U.S. State Lotteries: Winning Share and Prize Pools Revealed”

New research findings shed light on the financial structure of U.S. state lotteries, indicating that approximately 60% of the revenue generated is allocated directly to fortunate winners. The remaining funds are retained by the states after covering expenses such as prize payouts and advertising costs. However, in the case of larger lotteries like Mega Millions and Powerball, a significant portion—50%—of ticket revenue contributes to building the game’s lucrative prize pool.

Powerball, one of the most widely played lotteries, is available in 45 states across the United States, including Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. It’s worth noting that five states—Alabama, Utah, Alaska, Hawaii, and Nevada—do not participate in the sale of lottery tickets.

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