New Year’s Day: Powerball Jackpot Increases To $500 Million

The New Year’s Day Powerball jackpot has improved to $500 million, in line with the lottery organization. The boom comes after no person got here forth to assert the prize from the ultimate Powerball drawing of 2021, which happened on Wednesday.

There had been 37 drawings in a row without a jackpot winner, in line with Powerball. The ultimate jackpot-triumphing draw passed off on October 4, while a California resident won $699.eight million.

The subsequent drawing will take area on New Year’s Day. Separately, the lottery will maintain a $1 million draw with a view to be broadcast stay on “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022” on ABC.

But triumphing the coveted prize won’t be easy. While the general odds of triumphing any variety of the Powerball prizes are 1 in 24. nine, the chances of triumphing the Powerball jackpot are 1 in 292.2 million, in line with the organization.

A lady buys Mega Millions of tickets hours earlier than the draw of the $1.6 billion jackpot, at a liquor keep in Downtown Washington DC, on October 23, 2018.

ERIC BARADAT/AFP through Getty Images

Think you need to take that chance? Tickets are $2 in keeping with play and are offered in forty-five states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

Winners of the jackpot can both pick out a massive lump sum price of the coins or an annuity of 30 annual graduated payments, however, all prize winnings are concerned with federal and neighborhood taxes. After taxes, an unmarried winner of the $500 million New Year’s Day jackpot could take domestic around $355.nine million in coins value.

“Ticket income had been sturdy via the holidays, and we expect the bulk of price tag purchases for the subsequent drawing will manifest on New Year’s Day,” Powerball Product Group Chair and Missouri Lottery Executive Director May Scheve Reardon stated in a press launch Thursday. “A jackpot of this length is a splendid manner to begin the New Year, however, please don't forget to play responsibly.”