Powerball is a popular lottery game that has been making headlines with its massive jackpots. The most recent jackpot reached an estimated $1.326 billion, making it an exciting time for lottery enthusiasts across the country. If you’re wondering when the Powerball draw takes place and how much you can win, we’ve got you covered.
The Powerball drawing days are Mondays, Wednesdays, and Saturdays at 10:59 p.m. ET. A single Powerball ticket costs $2 and can be purchased in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. However, some states like Alabama, Alaska, Hawaii, Nevada, and Utah do not participate in Powerball.
If you’re planning to buy a Powerball ticket, make sure to check the cut-off time in your state. Ticket sales typically end an hour before the drawing, so don’t miss out on your chance to play. The Powerball jackpot can vary with each draw, with the most recent jackpot reaching an estimated $1.326 billion. The cash value of the jackpot changes as well, adding to the excitement of the game.
While the allure of winning such a massive jackpot is enticing, it’s important to consider the taxes that come with it. Lottery winners must pay federal taxes, and depending on the state, they may also be subject to state taxes. Some states, however, do not tax lottery winnings, so it’s worth looking into the tax implications before claiming your prize.
Despite the odds of winning Powerball being one in 292.2 million, recent jackpot wins have shown that luck can strike when you least expect it. With jackpots ranging from $2.04 billion to $1.765 billion, the Powerball fortune seems to favor the hopeful. So if you’re dreaming of winning big, grab a ticket and try your luck at the next Powerball draw.
Stay informed about the latest lottery news and financial advice by subscribing to Kiplinger’s Personal Finance. Sign up for our free e-newsletters to receive expert tips on investing, taxes, retirement, personal finance, and more directly to your email. Don’t miss out on valuable insights that can help you make smarter financial decisions.
Source link
