Our Powerball Calculator Explained
As you might already know, when a player wins the Powerball jackpot, they have to choose between a single lump sum or 30 annual payments to receive their prize.
Choosing the lump sum, also known as the cash option, reduces the jackpot size to approximately 61% of the original amount, but awards it all at once to the player. On the other hand, the annuity option awards the winner with the full amount or 100% of the jackpot – starting with one initial payment, followed by annual payments over the next 29 years.
Since the lump sum and annuity option award different payouts, it only follows that your tax liability (federal tax + state tax) will also be different for both.
What our Powerball calculator provides is a quick overview of the gross and net (after taxes) winnings you’d receive for both options – allowing you to make a more informed decision when comparing the two.
Finally, as an added feature, our tool also breaks down the annuity option into a handy payout schedule so you know how much you’ll receive each year.
Note: Payouts are approximations. For example, large charitable donations can be written off, meaning reduced tax liabilities.
Powerball results
Powerball draw takes place every Monday, Wednesday and Saturday at 10:59 pm Eastern Time. The results will be published here shortly after the draw ends. If you play this game, you should take care of that, to have your ticket ready, so you can check the results, as soon as they are announced. You can find the latest Powerball results on the Simbalotto website.
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It's very easy to check Powerball results on the Simbalotto website. Just go to the site, login and check your Powerball tickets in your account. It will instantly tell you, if you win a prize. You will also receive an email notification, to get the latest results in your inbox - if you have a ticket for this lottery.
What are the odds of winning the Powerball lottery??
If you're like most people, you probably dreamed of winning the lottery. And thanks to games like this, like Powerball, Seems, that anyone can become a millionaire overnight. But what are the chances of winning Powerball?? Turns out, the chances are pretty slim. Chance win the jackpot in Powerball amounts to 1 To 292 millions.
However, this does not mean, that you can't win big. As in Mega Millions, another major US lottery, you can win many other prizes, and the odds of winning any prize are 1 To 24,9. That's why, although you won't become a millionaire overnight, still worth buying a ticket (or two, or three…).
How is the Powerball drawing carried out??
The Powerball drawing is a random selection of numbers from a pool of balls.. Two machines are used for the drawing - one for Powerball numbers, another for regular numbers. Each machine has a set of balls, and the Powerball machine has an additional ball.
Balls are drawn one at a time, and their order is completely random. After all the balls have been drawn, the winning numbers are announced, and the cash prize is distributed among the lucky winners. If there are no winners, the jackpot rolls over to the next draw. That's all!
tips
Players only have 1 from 292, 201, 338 statistical odds of winning the Powerball jackpot!
Play it safe. 2 or 3 dollars may not seem like much, but they can add up quickly, if you buy several tickets per week.
If you become a Powerball winner, you have to strategize, allowing you to make the best use of your money
Hire a lawyer and financial advisor, choose payment in installments instead of a lump sum payment (you will get much less money, if you take it all at once) and avoid making large impulsive purchases. Many less intelligent lottery winners blow away all their winnings in less than five years.
Steps
Method 1 from 4: checking winning numbers on the Powerball website
Check out Powerball, step 1
Check out Powerball, step 2
Step 2. Browse the home page for winning numbers and other information
The site's web designers have placed all the necessary information about the game in a prominent place at the top of the main page, to make it easy for players to check and find information, which they are looking for. You should find the latest Powerball drawing numbers front and center, next to the current jackpot number and winner announcements.
Check out Powerball, step 3
Step 3. Check twice a week
Powerball drawings are held on Wednesdays and Saturdays. Be sure to visit the site these days after 23:00, to find out, is the winner named?.
Method 2 from 4. Subscribe to email notifications
Check out Powerball, step 4
Step 1. Visit the Powerball website
Go to the Powerball website and click the "Register" link under the top menu bar. On this page you will be asked to enter your name, to receive email notifications with the latest drawing information.
Check out Powerball, step 5
Step 2. Register, to receive Powerball notifications by email
Fill out the email alert subscription form, specifying the necessary information; you will be asked to provide your full name, valid email address, as well as city and state. That's all! Once you do this, You will be sent an email twice a week with information about the status of the game.
Check out Powerball, step 6
Step 3. Check your email after each draw
Powerball lottery selection is carried out every two weeks on Wednesdays and Saturdays, so be sure to check your mailbox after each draw. Emails will include drawing numbers for that week., amount, to which the jackpot increased, and the names and addresses of all winners.
- If you are using a smartphone, enable notifications for your email app, to receive a quick message every time, when you receive a new email.
- If you find, that you are not receiving email updates, look, Is this ad caught in your spam filter?. Some email platforms automatically filter emails, sent by third party groups or not sent from known senders.
Method 3 from 4: viewing pictures on a local news network
Check out Powerball, step 7
Local news networks broadcast Powerball results after each drawing.
Check out Powerball, step 8
Step 2. Tune in 22:59 EAST
Winning Powerball numbers are announced in a short segment, which is broadcast immediately before the evening news on 11:00. Contact your local news network a couple minutes early., To make sure, that you caught the ad.
Check out Powerball, step 9
Step 3. Look, have you selected the winning numbers?
Powerball news broadcast format is simple: the winning number combination is displayed sequentially on the screen and highlighted, to give players time to check their numbers. To win, you must be able to guess at least three of the first five (white) ball numbers, and also the last one is red («Power») yellow
Pay special attention to your numbers, to see matches
Method 4 from 4: request winning numbers from your local retailer
Check out Powerball, step 10
Step 1. Visit your local gas station, convenience store or supermarket
Powerball tickets can be purchased at these locations. For this reason, store owners usually help players keep track of the game.
Check out Powerball, step 11
Step 2. Ask the service staff, does the company publish Powerball updates?
In many cases places, where are powerball tickets sold?, will continue to place the winning numbers on the small board, so that the players, who bought a ticket in these stores, could go back and check the game status. Bring your ticket and ask to be directed to the corner of the store, where are the results posted?.
Check out Powerball, step 12
Step 3. Look, did you win
Compare the published winning numbers with your ticket. Remember, that you only need to match three of the five white balls and the Powerball, to win. If you don't have a winning ticket, try again and come back, as soon as the next round of numbers is announced.
What are the biggest Powerball results??
A mind-blowing jackpot of 1,58 billion dollars, ever played in a lottery, amazing. Three lucky winners won this incredible prize, who bought tickets to Tennessee, California and Florida in circulation 13 January 2016 of the year. The only winners, who publicly announced their winnings, there were Lisa and John Munford, because the other winners did not want to reveal their identities. Each lucky winner took home 327,8 million dollars before taxes from the total cash value of the prize in 983,5 million dollars.
768,4 million dollars, 27 March 2019 of the year, Powerball drawing (one ticket, Wisconsin)
Manuel Franco (24 of the year) became the happy owner 768,4 million dollars, second largest jackpot in Powerball history, by purchasing just one ticket for the drawing 27 March 2019 of the year. He chose the option of a lump sum cash payment, which amounted to about $477 million before taxes!
758,7 million dollars, 23 August 2017 of the year, Powerball drawing (one ticket from Massachusetts)
Mavis Wanczyk of Chicopee, Massachusetts, became the only winner of this incredible raffle. Aged 53 years, she became the only lucky winner of a jackpot in the amount of $758,7 million ($480,5 million in cash), 3-largest Powerball jackpot and largest single payout in history!
731,1 million dollars, 20 January 2021 of the year, Powerball drawing (one ticket from Maryland)
A group called Powerpack won a prize of $731 million, becoming the biggest winners in Maryland. Four months after the drawing, they announced their intention to receive a cash prize of 546 million dollars. Was found, that's the only ticket, which they bought to enter the drawing, was purchased from a store in Lonaconing. Before the winnings were finally confirmed, player, ticket checker, told other group members: “This can't be; I will go to work". But, as expected, remuneration in 546 millions of dollars were enough, to quit my job immediately after that!
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699 million dollars 4 October 2021 of the year, Powerball drawing
After four months without a winner, one ticket buyer from California has won a record prize in 699 million dollars. In a day, when it was won after 40 successive transfers, This was the first jackpot win in Monday's draw.. This streak is the longest in Powerball history.. Besides, it was the biggest jackpot, ever won in California. More than two months later, Scott Godfrey came to claim his drawing winnings 4 October 2021 of the year. He decided to choose the cash option in the amount 495 million dollars.
$687,8 million, 27 October 2018 of the year, Powerball drawing (two winning tickets)
It was a really big prank, in which there is not one, and two winners shared an equal prize of 343 million US dollars each! Winning tickets were sold in Iowa and New York.
632 million dollars, 5 January 2022 of the year, Powerball draw
This time the winning tickets were sold in different places: one at a 7-Eleven in Sacramento, California, and the other in Wisconsin. Tammy and Cliff Webster of Oneida are the winners of the drawing. 5 January 2022 year in Wisconsin. They chose the cash option and received 225 million dollars. Orlando Zavala Lozano from California also decided to take advantage of the cash option - he did not present his winning ticket until four months after the results were published.
