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deadline for powerball tickets

Deadline for powerball tickets

Sales cut-off times vary by one to two hours before the drawings on Wednesday and Saturday evenings, depending on the selling jurisdiction.

Some lotteries sell Powerball® tickets over the Internet, but the service is only available to residents of that jurisdiction. The sale of Powerball tickets over the Internet or by mail across jurisdictional borders is restricted. Lotteries may refuse to pay out prize money on Powerball tickets purchased on any website other than their own. Please contact your lottery with any further questions.

You do not have to be a U.S. citizen or U.S. resident to play Powerball®. Players from jurisdictions where Powerball tickets are not sold, either in the United States or outside the country, when visiting a selling jurisdiction, can purchase Powerball tickets from a retailer licensed or authorized by the selling jurisdiction, if they meet the legal age requirement in the jurisdiction of purchase. Federal and jurisdictional income taxes may apply to any claimed prize money.

The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less.

Powerball® tickets print the white ball numbers in numerical order of a given play. You can match the white ball numbers in any order of a given play to win a prize. The red Powerball number of a given play on your ticket must match the red Powerball drawn. Each play on a ticket is separately determined; players cannot crisscross play lines on a ticket or combine numbers from other tickets.

While there are many factors that determine the advertised Grand Prize estimate in the Powerball® game; two important ones are games sales and the annuity factor.

A number of variables can affect game sales, such as seasonality or a big Mega Millions jackpot. Traditionally, game sales are stronger for a Saturday drawing versus a Wednesday drawing.

The annuity factor, or the cost to fund an annuity prize, is another key component. The annuity factor is made up of interest rates for securities purchased to fund prize payments. The higher the interest rates, the higher the advertised Grand Prize. You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!

Most players think the odds of matching the Powerball to win a prize are 1 in 26, since the Powerball is drawn from a field of numbers from 1 to 26.

But consider this…

The odds of matching the Powerball ALONE are harder than 1 in 26, because there is also the chance you could match one or more white balls, in addition to the Powerball, to win another prize.

Powerball numbers are drawn from two sets of numbers, so the odds of winning a prize are calculated by combining the odds for both sets of numbers for all prize levels. The odds for matching just the Powerball are calculated by combining the odds of selecting the Powerball and the odds of not selecting any of the five numbers from the first set of numbers drawn.

Prizes must be claimed in the jurisdiction where the winning ticket was purchased. Players can generally claim a prize up to $600 at any licensed lottery retailer in the jurisdiction where they bought the ticket. Prizes over $600 can be claimed at some lottery offices, depending on the amount, and also at lottery headquarters. Please contact your lottery with any further questions.

Ticket expiration dates typically vary from 90 days to one year depending on the selling jurisdiction. The expiration date is often listed on the back of your ticket. If the expiration date is not listed, check with your lottery.

Unclaimed prizes are kept by the lottery jurisdiction. If a Grand Prize goes unclaimed, the money must be returned to all lotteries in proportion to their sales for the draw run. The lotteries then distribute the money, based on their own jurisdiction’s laws, to other lottery games or to their jurisdiction’s general fund, or otherwise as required by law.

Every jurisdiction has its own law on winners remaining anonymous. Some jurisdictions are required by law to provide the winner’s name, city of residence, game won and prize amount to any third party that requests the information. Other jurisdictions allow winners to create trusts to shield their names from the public, or otherwise claim prizes anonymously. Check with your lottery to see if taking a photo of the winner is required and what its rules are on prize claims. Even if you keep your identity secret from the media and the public, you will have to be known to the lottery so officials can confirm you are eligible to play and win, as well as other legal requirements.

A Powerball jackpot winner may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment (cash option). For the annuity, the annual payments increase by 5%. The cash value option, in general, is the amount of money required to be in the jackpot prize pool, on the day of the drawing, to fund the estimated jackpot annuity prize. The advertised jackpot annuity and cash value are estimates until ticket sales are final, and for the annuity, until the Multi-State Lottery Association takes bids on the purchase of securities.

Federal and jurisdictional income taxes apply to both jackpot prize options.

Check with your lottery for its rules on how to claim a jackpot prize and the correct procedure for selecting the annuity or cash value option.

If a jackpot winner dies before receiving all annual installments, the balance of the prize will be paid to the winner’s estate. Upon receipt of a court order, annual prize payments will continue to be paid to the winner’s heirs. Other provisions may also apply depending on the laws of the lottery paying the prize.

A United States $100 bill is .0043 inches thick.

Ten thousand $100 bills equals $1 million (10,000 x $100 = $1,000,000).

Therefore, a $1 million stack of $100 bills is 43 inches tall (10,000 x .0043 inches = 43 inches).

43 inches = 3.5833 feet

A stack of one hundred dollar bills equaling $40,000,000 is 143.33 feet tall (40 x 3.5833 feet = 143.33 feet).

Deadline for powerball tickets Sales cut-off times vary by one to two hours before the drawings on Wednesday and Saturday evenings, depending on the selling jurisdiction. Some lotteries sell

Powerball Jackpot: How late can you buy a ticket?

The Powerball jackpot has risen to an estimated $750 million, with the next drawing of the multi-state lottery game scheduled for 10:59 p.m. Wednesday.

The drawings are held Wednesdays and Saturdays. In Pennsylvania the cutoff to buy tickets is 9:59 p.m. on drawing days.

If you’re hoping to take your shot at the jackpot, here’s a few things you should know (and a few things you don’t need to know, but we couldn’t resist telling you):

How to play:

Tickets are $2, and players select five numbers from one to 69, as well as one Powerball number from one to 26. Numbers can be selected by each individual player, or given out randomly when you buy a ticket.

Matching all six numbers is what would get you the jackpot prize, but other prizes are also given out for matching at least a few of the numbers.

There is also a Power Play number drawn, which multiplies the non-jackpot prizes. Participating in the Power Play option costs an additional $1 when a ticket is purchased.

Powerball tickets are shown outside of a a liquor store Wednesday, Aug. 23, 2017, in Fremont, Calif. (AP Photo/Marcio Jose Sanchez) AP

What are my odds of winning?

The odds of winning the jackpot is pretty long. According to the Pennsylvania Lottery, it’s about 1 in 292 million.

You have better odds of:

  • Being struck by lightning (one in 750,000).
  • Being struck by an asteroid or comet (1 in 20,000).
  • Becoming a billionaire without winning the lottery (1 in 785,000).
  • Being elected president (1 in 10 million)

What could you buy if you took the $465 million cash option?

Almost anything, but here’s a few things you could splurge on:

  • A ride around the moon. With a friend. A space tourism company, as of a few years ago, was selling a slingshot ride around the moon aboard a modified Russian Soyuz spacecraft for $150 million per person.
  • The most expensive car in the world. That’s the Koenigsegg CCXR Trevita — the Swedish manufacturer of this beauty made just two. One is owned by boxer Floyd “Money” Mayweather, who made headlines a few years ago by announcing he paid $4.8 million for the car. Maybe he’ll consider an offer?
  • A yacht. The Seven Seas, owned by movie director Steven Spielberg, cost $200 million. So you could afford that boat, but you probably couldn’t afford to run it very long.
  • Lincoln Financial bought the naming rights to the home of the Philadelphia Eagles for $139.6 million for 21 years. You could outbid them.
  • If you wanted to give the money away, try this: $400,000 would pay the tuition for 11,690 people to attend a private college.
  • Or, in the same philanthropic vein, you could build a hospital. Maybe two. The Penn State Children’s Hospital in Hershey cost about $207 million to build.

Start by signing the back of your ticket. Clearly print your name, address and phone number. Take some time to contact a financial advisor for advice.

The jackpot must be claimed in person at Pennsylvania Lottery headquarters in Middletown. You’ll have 60 days to decide whether you want to take the money as an annuity or take the cash option. Here’s what that means.

  • Annuity: If you select this option, you’ll receive your money in 30 annual payments over 29 years, with the payments increasing by 5 percent each year.
  • Cash option: You’ll get a lump sum payment. If the jackpot remains at $750 million, the cash payout would be $465.5 million.

Of course, whichever option you take, you’ll be responsible for paying taxes on your winnings. This also assumes you’re the only winner. If there are multiple winners, the jackpot will be split between you.

Can the winner remain anonymous in Pa.?

In Pennsylvania, certain winner information is considered a public record. The Lottery also publishes online lists of winners of $1,000 or more that include the following:

  • First name, last initial of the winner(s)
  • County of residence
  • Name of game won
  • Date of win
  • Prize amount

Under the state Lottery Law, legal entities (such as trusts) are permitted to file prize claims and receive prize funds. If you want to explore that option, you should contact an attorney.

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Powerball Jackpot: How late can you buy a ticket? The Powerball jackpot has risen to an estimated $750 million, with the next drawing of the multi-state lottery game scheduled for 10:59 p.m. ]]>