Dixie Cup

House Member
Sep 16, 2006
U.S. Powerball jackpot climbs to record-breaking $1.9 billion
Author of the article:Reuters
Publishing date:Nov 06, 2022 • 21 hours ago • 1 minute read • Join the conversation

An already record-breaking U.S. Powerball jackpot grew to a whopping $1.9 billion one after no one secured a winning ticket in Saturday night’s drawing, according to lottery officials.

The estimated $1.6 billion that was up for grabs on Saturday had been the largest lotto prize ever offered, Powerball said.

To win the big prize, a player must guess all six lucky numbers, including the final “Powerball.” The winning numbers drawn on Nov. 5 were 28, 45, 53, 56, 69 and the Powerball 20.

The next chance for ticket buyers to clinch the jackpot will be Monday’s draw, although they would have to overcome the steep odds of 1 in 292.2 million to secure a win.

No one has won the jackpot since Aug. 3, when a lucky ticket holder from Pennsylvania took home over $200 million, according to Powerball.

The prize money has since mushroomed, generating lots of business at gas stations and newsstands around the United States, where Americans buy Powerball tickets for $2 a pop.

Winners may decide to receive their money as an annuity, paid in 30 graduated payments over 29 years, or a lump sum cash payment. Both types of winnings are subject to federal and local taxes.
Just out of curiosity, how much tax would be deducted (roughly) anyway?


Hall of Fame Member
Mar 18, 2013
Washington DC
Between $500 mil and $600 mil if you take it lump-sum. You lose Federal tax, state tax, and "time value of money."

If you take the 30 annual payouts, you get a bit over $1 billion. But you lose the proceeds of investment for much of it.

Best way to end up with the most money is to take the lump sum and invest wisely.

Well, second-best. The best way is to set up a corporation, give the winning ticket to the corporation, and pay corporate tax on the prize.

That's what most rich people do.

EDITED TO ADD: I misread your question. My figures above are how much you'd GET, after taxes and, if applicable, time value of money.

Here's a relatively simple and complete breakdown. . . Link


Hall of Fame Member
Oct 26, 2009
Powerball jackpot grows to $747 million after no winner
Author of the article:Associated Press
Associated Press
Published Feb 05, 2023 • 1 minute read

DES MOINES, Iowa — The Powerball jackpot grew to an estimated $747 million after no one beat the odds and won the top prize in Saturday night’s drawing.

The numbers drawn were: 2, 8, 15, 19, 58 and Powerball 10.

The $747 million Powerball jackpot up for grabs Monday night is the ninth largest in U.S. lottery history and the latest in a string of huge lottery prizes. Someone in Maine won a $1.35 billion Mega Millions prize less than three weeks ago and a California player won a record $2.04 billion Powerball jackpot last November.

The jackpots grow so large because the tough odds offer just a miniscule chance of matching all six numbers and winning the top prize. That enables the jackpots like Saturday night’s $700 million top prize to roll over and increase for months.

The last time someone overcame the odds of one in 292.2 million and won the Powerball jackpot was Nov. 19, 2022.

The $747 million estimate is for a winner who is paid through an annuity over 29 years. Winners usually opt for cash, which for Monday night’s drawing would be $403.1 million.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.


Time Out
Aug 9, 2022
Its a good start for a pickling run.
Pickling?!?! PICKLING?!!?!!? Pickling is the devils' work young man. Pickling brine is Satan's urine, right after he's eaten asparagus! That will lead you to eternal damnation as fast as Dancing or using buttons on your clothes!!!!