A Ticket Holder Won $421 Million Powerball Jackpot
A ticket holder from Lafayette, a small city in Tennessee, has finally won the $421 million Powerball jackpot. Powerball is a popular lottery in the US that is run and administered by Multi-State Lottery Association (MUSL). MUSL is a non-profit organization that is operated by member states lotteries. The Powerball is played in 44 states of the US including Puerto Rico, District of Columbia and the US Virgin Island. To participate in a Powerball game, the person has to select five numbers from the given set of 69 numbers and then chose one number, known as the Powerball from a set of 1-26 numbers. Each ticket of the lottery costs $2 and the minimum jackpot of Powerball is $40 million.
The jackpot of the Powerball keeps rolling over until someone hits the jackpot. The jackpot was rolling over since 17th September and has now reached a whopping $421 million. The prize money of $421 million would be provided to the winner in 30 annual installments. Alternatively, the winner can also avail the cash value option. Under the cash value option, the prize money will be discounted over the thirty-year period and the amount will be paid to the winner in one lump sum. If the Lafayette dweller wishes to avail this option he will then be receiving 254.7 million in one lump sum.
40% of revenue generated from the sale of lottery tickets of Powerball goes to the state government which is then used for welfare causes, 50% of the money goes to the winner of the Powerball and 10% is distributed to the retailers who sell lottery tickets. The winning numbers of Powerball that were drawn on 26th November were 12, 19, 21, 37, 44, and the Powerball number was sweet 16.
If this story has ignited the dream of winning Powerball jackpot in you then wait no more, purchase a Powerball ticket either online or from a nearby lottery vendor and pray that you get all six numbers matched in a draw that is held on every Wednesdays and Thursdays. The Powerball results are broadcasted live at 10:59 PM EST (Eastern Standard Time) on various TV channels all across the US.