Powerball Jackpot Hits Largest-Ever $1.6 Billion: Here’s How Much Would Go to Taxes

Started by Epoch-Times-Bot, Nov 04, 2022, 02:15 PM

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Epoch-Times-Bot

Nov 04, 2022, 02:15 PM
Powerball Jackpot Hits Largest-Ever $1.6 Billion: Here's How Much Would Go to Taxes

The "world's largest lotto prize ever offered" is now at stake during this weekend’s Powerball drawing, said the game operator on Friday.
Powerball’s operators increased the jackpot estimate on Friday morning to $1.6 billion, which has a cash value of $782.4 million, according to a news release. The drawing is Saturday, Nov. 5, at 10:59 p.m. ET.
The estimated jackpot for Saturday “has surpassed the world record amount previously set by Powerball in 2016, when tickets in California, Florida and Tennessee won a $1.586 billion jackpot.” And the Powerball jackpot now "breaks the world record for the Largest National Lottery Jackpot in the Guinness World Records," the participating California Lottery wrote on Twitter....

Source: Powerball Jackpot Hits Largest-Ever $1.6 Billion: Here's How Much Would Go to Taxes

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