Powerball Jackpot: What You Need To Know
Start writing a post
Politics and Activism

Powerball Jackpot: What You Need To Know

With the chance of winning $1.3 billion, why not spend $2 on it?

27
Powerball Jackpot: What You Need To Know

After no one won Saturday’s Powerball jackpot of $900 million, it is expected to grow to $1.3 billion by the next drawing on Wednesday, January 13.

Saturday's winning numbers were 16, 19, 32, 34, 57 and a Powerball number of 13. Gary Grief, who is the executive director of the Texas lottery, said on Sunday that he was surprised to see the results, according to ABC News.

If you're planning on purchasing a Powerball ticket for Wednesday's drawing (and if you're not, you should, because why not take your chances at winning over a billion dollars?) then here are some general things you should know, and some tips for if you happen to win.

To win, you need to have all six numbers–the first five can be in any order, but the sixth must be the Powerball number.

On Saturday, there was a 1 in 292.2 million chance of winning the grand prize. Which means that the chance will get smaller by Wednesday.


But hey, you could be that one person!

The estimated cash value of Wednesday's drawing is $806 million if you choose to take it in a lump sum.

Don't forget about taxes!

Saturday's jackpot was the largest lottery prize in U.S. history, and that is now being surpassed.

Nearly 1/3 of all lottery winners go bankrupt, according to the Certified Financial Planner Board of Standards.


According to Powerball, non-jackpot prizes on Saturday totaled around $159 million.

If you do win the jackpot...

Don't accept the prize money right away.

Prize claims vary by state, so make sure you check what yours is, but give yourself time to figure out what exactly to do with your winnings.

Sign your ticket right away.


Hire a professional to take care of your money.

That's a very large amount of money to suddenly own, so make sure you have someone to help you that won't be trying to take it away from you.

Set a budget for yourself.

Donate to charity!

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less
Featured

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

71156
houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee
nappy.co

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

133060
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments