Powerball $550M jackpot second largest in U.S. history
The Powerball jackpot has soared to $550 million after no one matched the winning numbers Wednesday.
The Powerball jackpot has increased to $550 million, after no one won the prize on Wednesday.
The prize is the second largest Powerball jackpot of all time, ABC News reported.
The drawing is at 10:59 p.m. Saturday and to win the entire jackpot, players must match all five numbers and the red Powerball. The estimated cash value of the prize is $350.1 million, according to Powerball’s website.
Over the course of Thursday, the jackpot has increased $75 million from the original $475 million reported earlier in the day.
The winning numbers for the Wednesday drawing were: 2, 11, 26, 34, 41 and a Powerball of 32. The jackpot was $360 million for the Wednesday drawing. Tickets in Delaware and Pennsylvania won $5 million and there were 16 states that had $1 million winners, according to Powerball's website. Powerball's largest jackpot to date was $587.5 million in November. Two other jackpots in the past year have topped $300 million.
Katrease Stafford covers Ypsilanti for AnnArbor.com.Reach her at katreasestafford@annarbor.com or 734-623-2548 and follow her on twitter.
Comments
joejoeblow
Fri, May 17, 2013 : 2:50 a.m.
I don't suppose anyone will listen to me in that buying one ticket has near the same statistical odds as buying 1,000. So to save money you should buy just one (or none if you really understand the odds).
djm12652
Fri, May 17, 2013 : 8:26 p.m.
haha we all listen, but...buying one is all it ever takes...LOL so, I will make my contribution to the education fund....
Arboriginal
Fri, May 17, 2013 : 2:12 a.m.
Ouch!
Gorc
Fri, May 17, 2013 : 1:42 a.m.
I told my son if I won $550,000,000 I would do nothing and enjoy it. He responded...Dad you don't need to be rich to do nothing, you can do that now.
Paul
Thu, May 16, 2013 : 11:55 p.m.
Don't forget, ticket prices are $2 each vs $1 in the past, so you gotta buy like two $1 tickets to win 550 million...still a great deal, lol
Arboriginal
Thu, May 16, 2013 : 8:03 p.m.
Yeah, I'm a sucker and will be buying a ticket. My question is this Mr. Anthony. What is the take home of such a jackpot? You get the cash value, but then I assume you would be taxed in the 90% bracket or thereabouts. What's the deal?
A2comments
Fri, May 17, 2013 : 10:51 a.m.
There is no 90% tax bracket... 39.6% federal tax plus 4.25% state tax, so you get 56.15‰.