It was only the sixth time in the history of Powerball that a jackpot reached $1 billion ahead of its drawing. The Power Play multiplier for non-jackpot prizes was 3.
If you take the one-time cash option, it’s worth around $453.1 million before taxes. Once Uncle Sam gets involved, that drops to $330.8 million. But that’s still not the take-home pay. The state where the winning ticket is bought will also tax it.
Only nine states don’t have additional lottery tax: California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.
With nearly $331 million in cash, you can buy a small fleet of 737 planes, more than 30 private islands currently listed for sale in the Bahamas, 945 brand new Lamborghini Hurácan supercars, or a new Play Station 5 for every resident of Wyoming.
What are the odds of hitting it big? One in 292 million.
You are more likely to have a higher IQ than Albert Einstein, give birth to identical quadruplets or be struck by lightning twice.
Since Powerball was introduced in 1992, Indiana and Missouri have produced the most jackpot winners. Of the nine states that have had at least 15 jackpot winners, six have at least some of their residents in the Central Time Zone.
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