Powerball is a thrilling lottery game that most of the Americans are obsessed with. Recently, a person from California won an amount of 1.5 billion that created waves of buzz. But before you get a little too excited, here are a few facts that you might want to know.
How to Play Powerball?
If you never bought a ticket for Powerball , then don’t worry. Many are newbies here. If you want to give the winning jackpot a shot, then pick up at least five numbers along with a red Powerball number. Now, just wait for the next Powerball winner announcement and hope it’s your lottery number!
Know the Cash Value before You Get Too Excited
Let’s suppose you are the winner of the next huge jackpot that amounts to 1.5 billion. But that isn’t the amount you get to take home. There are several deductions in the form of taxes that will be subtracted from the amount before you can have your 늑대닷컴 money. In this case, you will get only 930 million. You are still undeniably rich, but still, a cut of 39.6% kind of stings. Right?
Also, let’s not cut the IRS out of the equation. You might have to appease the gods before you can transfer any money into your account.
The Odds of Winning
The odds of winning any lottery are extremely slim. In the case of Powerball, it is anything but slimmer. Your odds of hitting the jackpot are 1 in 292 million! It really slim, but never say never. You might be the next lucky one.
Your Ticket id More Valuable Than You Think.
Once you see that you aren’t a jackpot winner, please don’t toss away your ticket. You have a chance of winning lesser prize money even if you manage to match two to three numbers.
In the cases of a partial match, you have a chance to win a million—the odds for this aren’t as slim. One in every 25 persons gets a chance to win one million dollars. Other prize tires of Powerball lottery are $50,000, $100, $7, and $4.
Power Play Multiplies Your Prize
When you buy a ticket, you always get the chance to go for a power play in exchange for a dollar. This is a terrific option because it multiplies. So, in case you win one million as prize money, it will get multiplied by the number of lines you opted for the powerplay.
Lumpsum or annuity
This is one of the toughest decisions that winners have to take. Most of them decide to take a lumpsum prize home. Although it has a lesser cash value, but it makes you rich instantly.
The annuity option, on the other hand, gives you an equally distributed sum of your cash prize for a duration of 30 years. The amount you get overall is more than what you get in the case of a lump sum. This happens because there are major tax benefits that you get. However, at the end of the day, you will do what suits you best.
So, keep your hopes high and keep playing Powerball!