The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years.
A sign for the Powerball jackpot is displayed at a 7-Eleven, Friday, April 5, 2024, in Portland, Ore.
The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments. The prize is subject to federal taxes, while many states also tax lottery winnings.Until the latest drawing, no one had won Powerball’s top prize since New Year’s Day, amounting to 41 consecutive drawings without a jackpot winner, tying a streak set twice before in 2022 and 2021.
Saturday night’s scheduled drawing was held up and took place in the Florida Lottery studio just before 2:30 a.m. Sunday to enable one of the organizers to complete required procedures before the scheduled time of 10:59 p.m., Powerball said in a statement. Powerball is played in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Powerball officials didn’t immediately say where the verification issue occurred.
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