Key takeaways:
- The Powerball jackpot has risen to an estimated $785 million.
- Winning the jackpot requires matching all five white balls and the red Powerball.
- If you win the jackpot, experts recommend consulting a financial advisor and planning for taxes.
If you’ve been playing Powerball, you may be in luck. The jackpot has now risen to an estimated $785 million after no tickets matched the winning numbers in Saturday’s draw. Several players in Saturday’s drawing did win big, with three tickets sold in California, Florida and New York matching all five white balls to win $1 million prizes. One Michigan player matched all five white balls and doubled the $1 million prize to $2 million by including the prize multiplier feature.
The Monday night jackpot — scheduled to be drawn at 10:59 p.m. EST — will come after no one claimed the prize following Saturday night’s drawing, when the prize was $725 million. The game requires players to pick five numbers between 1 and 69 for the white ball drawings, and one number between 1 and 26 for the red Powerball. Winning the jackpot requires matching all five white balls and the red Powerball, and players can win other prizes by matching fewer numbers.
The Powerball jackpot is the fourth-largest prize in the game’s history, coming in only behind three billion-dollar jackpots drawn since 2016. If you’re lucky enough to win the jackpot, experts recommend that you take a deep breath and consult a financial advisor before making any decisions. It’s also important to remember that the prize is subject to federal and state taxes, so you should plan for that as well.
If you’re looking to increase your chances of winning, you can purchase multiple tickets or join a lottery pool with friends or family. The winning numbers for Saturday’s drawing were 1, 12, 20, 33 and 66, with a Powerball of 21. Good luck!
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