Wednesday’s Powerball Jackpot Has Just Increased to $88 Million!

The Powerball jackpot has been increased to $88m for Wednesday’s draw, after it was revealed nobody managed to scoop the Powerball jackpot from Saturday’s drawing. The numbers from the previous draw were 1, 19, 31, 48, 61 and the Powerball number was 6 with Power Play 2x. There were no jackpot winners, no Match 5 + Power Play winners but there were 3 lucky winners of the Match 5 option, each scooping a cool $1,000,000 each!

Ready to win the Powerball?

Regardless of how few people play the Powerball, the starting jackpot is $40 million, which may not seem like much, but did you know that if you stacked this amount of money into $100 dollar bills, it would would reach the height of the Smithsonian Institution building in Washington DC! Those stacked $100 bills would reach a phenomenal peak of 145ft! Wednesday’s Drawing would see those stacked bills reach new heights; almost to the top of the Statue of Liberty!

There were many winners of smaller prizes from Saturday’s draw:

  • 251,279 of the 0/5 + Power Ball $4 prize
  • 106,748 of the 1/5 + Power Ball $4 prize
  • 13,738 of the 2/5 + Power Ball $7 prize
  • 16,402 of the 3/5 $7 prize
  • 656 of the 3/5 + Power Ball $100 prize
  • 244 of the 4/5 $100 prize
  • 15 of the 4/5 + Power Ball $50,000 prize
  • 3 of the 5/5 $1,000,000 prize

What Would You Choose?

If you’re a lucky Powerball jackpot winner, the first decision you will face as a multi-millionaire is how to have your winnings in this lottery. You can either select the prize as an annuity or a lump-sum payment; the former is larger whilst the latter is smaller! If you choose the annuity option, you’re guaranteed to receive 30 graduated payments over the next 29 years. So, based on Wednesdays estimated jackpot, you would receive roughly $3,000,000 a year, which would be divided into 30 payments for each year; that’s $100,000 each payment!

Or, you can choose the lump sum which will then be subjected to taxes; 25%. Which would be around $22,000,000, but you may be subjected to other taxes depending on the state. Cash value is estimated to be somewhere in the region of $57.4 million!