Explore the latest developments concerning Powerball Jackpot Tops.
Powerball Jackpot Tops $700 Million—Here’s What The Winner Could Take Home
The Powerball jackpot rose to $707 million—the second biggest lottery prize of the year so far—after no tickets matched all six numbers drawn on Wednesday night, although the eventual winner will take home a much smaller payout after taxes and deductions.
The six numbers drawn on Wednesday night were 30, 36, 40, 42, 57 and Red Powerball 2.
If a winner emerges in the next draw, they can choose between taking the $707 million split across 30 annual installments or a one-time cash prize of $309.7 million—the preferred pick for most winners.
If the cash prize is chosen, the winnings will first drop to $235.4 million after a mandatory 24% federal withholding is applied.
Mississippi lottery player wins $1 million from a $2 Powerball ticket
TUPELO, Miss. (WLBT) – A lottery player in Tupelo, Mississippi, won $1 million from a Powerball ticket that was purchased for $2.
According to the Mississippi Lottery Corporation, the ticket was purchased at Sprint Mart #38 in Tupelo.
The prize money is worth $1 million after matching all five white ball numbers in Saturday night’s drawing.
The winner has 180 days from the drawing date to claim the prize at Mississippi Lottery Headquarters in Flowood.
Meanwhile, the Powerball jackpot continues to grow. Monday night’s drawing features an estimated $633 million jackpot with an estimated cash value of $277.3 million.
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Powerball winning numbers for Wednesday, July 29. Check tickets here
The Powerball lottery jackpot was an estimated $663 million for the Wednesday, July 29 drawing with a cash option of $290.4 million, according to the Powerball website.
The jackpot was last won on May 2 when lottery players from Florida and Texas split a $20 million jackpot. This comes after lottery players in Kansas and Indiana split a $143.4 million jackpot in the prior drawing.
Meanwhile, the Mega Millions jackpot has reset to $50 million after the $803 million jackpot was won in Florida on Tuesday, according to the Mega Millions website.
Powerball drawings are held three times a week – Monday, Wednesday and Saturday at 10:59 p.m. Monday drawings were added in 2021.
For more detailed information, explore updates concerning Powerball Jackpot Tops.
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