Powerball Jackpot Rises To $400 MillionBy: Toni Matthews-El - February 16, 2014
Do you feel lucky?
If you do and maybe even if you don’t, now is the time to consider snagging a quick pick (or several) and hoping for the best.
Yesterday’s drawing saw $21,219,895 worth of prizes handed out to over 1,384,629 winners. Including a ticket in Texas going for $2 Million. There were seven $1 million winners. But nobody claimed the big prize, which sent the pot value soaring.
Depending on where you are, there’s a very good chance that you can get your hands on a Powerball ticket. The game is played in 43 states, Washington D.C. and even the Virgin Islands.
Expect plenty of Americans from across the country to try their luck in Wednesday’s drawing. If a winning ticket or tickets are sold, the lucky persons will split what could be the sixth largest lottery prize of all time. If the person or persons opt out of annuity payments, the cash option is a staggering $227.8 million.
The largest jackpot to date was actually a Mega Millions jackpot, which went for a whopping $636 million.
The big numbers are the Powerball’s best bet in luring ticket buyers as the price of tickets doubled at the start of 2012. The starting jackpot also doubled, to $40 million. The now $2 tickets mean that the jackpot will likely climb faster should there be yet another drawing that doesn’t result in a winner.
Meanwhile the Mega Millions jackpot is also rising. It sits right now at about $154 million. This means could be seeing back to back winners of major cash prizes in the coming days. We may even witness a new jackpot record in the coming weeks.
So let’s say you’re feeling lucky after all and get your hands on a winning ticket. What would you do with $400 million dollars? Perhaps you opt to take a cash prize of $200 million after taxes. There is a lot of advice available for lottery winners to help them avoid the pitfalls of winning. If that happens to be you, good luck and don’t spend it all in one place!
Image via Youtube