New Yr’s Day Powerball jackpot will increase to $500 million

The New Yr’s Day Powerball jackpot has elevated to $500 million, based on the lottery group. The rise comes after nobody got here forth to assert the prize from the final Powerball drawing of 2021, which happened on Wednesday. 

There have been 37 drawings in a row and not using a jackpot winner, based on Powerball. The final jackpot-winning draw occurred on October 4, when a California resident received $699.8 million. 

The subsequent drawing will happen on New Yr’s Day. Individually, the lottery will maintain a $1 million draw that can be broadcast stay on “Dick Clark’s New Yr’s Rockin’ Eve with Ryan Seacrest 2022” on ABC. 

However successful the coveted prize will not be straightforward. Whereas the general odds of successful any variety of the Powerball prizes are 1 in 24.9, the percentages of successful the Powerball jackpot are 1 in 292.2 million, based on the group. 

A girl buys Mega Hundreds of thousands tickets hours earlier than the draw of the $1.6 billion jackpot, at a liquor retailer in Downtown Washington DC, on October 23, 2018. 

ERIC BARADAT/AFP through Getty Pictures

Assume you wish to take that likelihood? Tickets are $2 per play, and are bought are bought in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Winners of the jackpot can both select an enormous lump sum fee of the money or an annuity of 30 annual graduated funds, however all prize winnings are topic to federal and native taxes. After taxes, a single winner of the $500 million New Yr’s Day jackpot would take residence round $355.9 million in money worth. 

“Ticket gross sales have been robust via the vacations, and we anticipate nearly all of ticket purchases for the subsequent drawing will occur on New Yr’s Day,” Powerball Product Group Chair and Missouri Lottery Government Director Could Scheve Reardon mentioned in a press launch Thursday. “A jackpot of this measurement is nice approach to begin the New Yr, however please bear in mind to play responsibly.”

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