24 C
Port Moresby
July 11, 2020

U.S. Powerball jackpot grows to $478 million, fifth largest ever

Image:  The winning Powerball numbers are shown after being drawn at the Florida Lottery studio in Tallahassee, Florida January 13, 2016. REUTERS/Philip Sears

(Reuters) – The multi-state Powerball jackpot grew to $478 million, the fifth largest in the game’s history and the eighth-biggest lottery prize ever in the United States, before an 11 p.m. EDT drawing on Saturday, officials said.

It will be the 24th drawing since a ticket won the jackpot, matching all six numbers, on May 7, Powerball officials said in a statement.

The Powerball game is based on lottery tickets sold for $2 apiece. It is played in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

If a single ticket wins, it will be worth the winner’s choice of $478 million spread over 30 years or $330.6 million in a lump-sum payment, before federal taxes.

Wednesday’s draw came about two and a half months after a $429.6 million winning Powerball ticket was sold in New Jersey, and two weeks after a $540 million Mega Millions lottery jackpot was clinched in Indiana.

The largest lottery prize offered in North America was a Powerball jackpot worth nearly $1.6 billion for winning tickets sold in California, Tennessee and Florida in January.

(Reporting by Brendan O’Brien in Milwaukee, editing by Larry King)

Copyright 2016 Thomson Reuters. Click for Restrictions.

Related posts

Egypt uncovers ancient necropolis south of Cairo


Samsung Electronics unveils high-end phones in search of sales boost

EMTV Online

Panama Papers report alleges NZ prime place for rich to hide money

EMTV Online
error: Content is protected !!