US Powerball jackpot hits world record at $1.3 billion
- 8 years ago
NEW YORK — The grand prize of the US Powerball to be drawn on Wednesday rose to an estimated $1.3 billion, the largest jackpot in the world.
Powerball picks 5 out of 69 white balls and 1 out of 26 powerballs which together make the winning numbers. According to the Powerball website, the odds to match all six numbers are one in 292.2 million.
Scott Norrish, an assistant professor of mathematics at Southern Methodist University, told Mlive.com that letting the computer pick your numbers will increase the odds of winning. People generally use birthdates or other figures which normally fall below number 31 whereas the computer chooses anything between 1 to 69. The odds of winning will also be increased if multiple tickets are purchased.
Actual Powerball payout can vary depending on where a winner lives, but all winners must pay federal income taxes, which is either 25 percent, CNN reported.
According to the Daytona Beach News-Journal, Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do not tax winnings. Winners in New York City have to pay both 8.8 percent state tax and 3.9 percent city tax, CNN reported.
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Powerball picks 5 out of 69 white balls and 1 out of 26 powerballs which together make the winning numbers. According to the Powerball website, the odds to match all six numbers are one in 292.2 million.
Scott Norrish, an assistant professor of mathematics at Southern Methodist University, told Mlive.com that letting the computer pick your numbers will increase the odds of winning. People generally use birthdates or other figures which normally fall below number 31 whereas the computer chooses anything between 1 to 69. The odds of winning will also be increased if multiple tickets are purchased.
Actual Powerball payout can vary depending on where a winner lives, but all winners must pay federal income taxes, which is either 25 percent, CNN reported.
According to the Daytona Beach News-Journal, Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do not tax winnings. Winners in New York City have to pay both 8.8 percent state tax and 3.9 percent city tax, CNN reported.
-------------------------------------------------------------
Welcome to TomoNews, where we animate the most entertaining news on the internets. Come here for an animated look at viral headlines, US news, celebrity gossip, salacious scandals, dumb criminals and much more! Subscribe now for daily news animations that will knock your socks off.
Visit our official website for all the latest, uncensored videos: http://us.tomonews.net
Check out our Android app: http://bit.ly/1rddhCj
Check out our iOS app: http://bit.ly/1gO3z1f
Get top stories delivered to your inbox everyday: http://bit.ly/tomo-newsletter
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