The current Powerball jackpot has reached a staggering amount of $1.55 billion, making it one of the largest in history prizes in the lottery. However, with such a massive jackpot, what are the odds of actually winning?
Current Powerball Jackpot Reaches $1.55 Billion! (Photo: CNBC)
Current Powerball Jackpot Rises to $1.55 Billion
According to Forbes, the current Powerball jackpot rose to $1.55 billion- which is the third largest prize in U.S. history, after no tickets matched all the six numbers drawn on Saturday night.
Now that no one has been able to win the current Powerball jackpot, how much will the winner be able to take home after taxes are taken? The cash value that the winner can take is up to $679.8 million – which is the more popular choice. However, this can go as low as $516.6 million after the mandatory federal tax was taken, withholding of 24%.
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What are the Odds of Winning the Current Powerball Jackpot?
With the current Powerball jackpot reaching unprecedented amounts of $1.55 billion. The question arose to people: what are the odds of winning the current Powerball jackpot?
According to USA Today, the odds of winning the current Powerball jackpot are now almost three million people. The odds for the lowest prize are one in almost 40 people. However, Powerball stated that the overall odds of winning the current Powerball jackpot would be around 25 people, based on a $2 play and rounded to two decimal places.
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