Powerball New Year’s Day Jackpot Estimated $500M, First Millionaire Draw Live Tonight
The Powerball jackpot for the January 1 lot is an estimated $500 million, the largest drawing value to kicking turned a young twelvemonth inwards the history of the United States.
Ticket sales, Powerball officials say, hold been tough end-to-end the holidays.
Ticket sales hold been warm through the holidays, and we anticipate the absolute majority of just the ticket purchases for the next drawing will fall out on New Year’s Day,” said May Scheve Reardon, chairman of the Powerball Product Group and executive director of the Show Me State Lottery. “A jackpot of this size is great right smart to head start the New Year.”
No Powerball ticket has matched all 6 numbers since the Oct 4 draw, when a single fine in Golden State won $699.8 million. That jackpot was the fifth-largest inward Powerball history and the seventh-largest inwards US history.
The betting odds of winning the Powerball jackpot are a dismal ane inward 292.2 million.
New Year’s Excitement
The past tense II years have got been unimaginably difficult for most Americans, and many are ready to doughnut inward the unexampled twelvemonth with hopes of a ameliorate 2022. Winning a more than half of a billion-dollar drawing jackpot would certainly help.
The on a regular basis scheduled Powerball haulage at 10:59 pm ET tomorrow will in reality follow the back Powerball get out of the day.
Powerball will again bear its special “Powerball First Millionaire the Year” get just shortly midnight during ABC’s Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022. The $1 meg treasure testament be awarded to i of V finalists who entered the packaging through their local lotteries.
The Powerball jackpot was impinge on simply sextet times inward 2021.
2021 Powerball Jackpots
January 20 — $731.1 gazillion — MD
January 23 — $23.2 million — NJ
January 30 — $33.2 million — NJ
March 27 — $235.4 trillion — FL
June 5 — $285.6 billion — FL
October 4 — $699.8 zillion — CA
January 1 Jackpot Breakdown
If a bingle ticket wins tomorrow’s Powerball jackpot, the lucky victor will make the alternative of collecting the $500 meg through and through a 30-year annuity, or have a one-time lump totality immediate payment option of $355.9 million.
Most jackpot winners opt for the immediate payment payment. In this case, the $355.9 meg would be rock-bottom to $224.25 1000000 after the 37 percent in effect(p) federal revenue enhancement of $131.64 gazillion is subtracted.
The remaining $224.25 zillion is and then content to province taxes, and they differ greatly.
California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and WY are the best places to win a large drawing prize, as those octonary states fare non task drawing prizes. The whip res publica to win Powerball or Mega Millions is New York, which subjects drawing award winnings to an effectual tax charge per unit of 10.9 percent — the highest in the US.
The middling country tax among those that perform assess drawing profits is around fin percent. On $224.25 million, the one-time lump sum boils downward to rough $206.5 billion after the feds and land governments catch their hands come out of the drawing jar.
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