Who will be the winner of $1.5 Billion Powerball Tonight?
On Saturday, Powerball jackpot amount rises to $900 million. Many people have hope and expectation to win this jackpot. People started to dream about the huge amount of money, that they will receive if they win. However, no one won this jackpot on Saturday. This is the very huge jackpot in the history. Today, Wednesday Powerball will be drawn at 11 PM EST and the jackpot has rises to $1.5 Billion. Many people cannot imagine what they can do with this huge amount of dollar in front of their eyes. It’s all about luck to win this jackpot.
Time.com said that there might be someone who will win the Powerball jackpot tonight because nearly 86% of all possible Powerball combinations have been played so far, hours before Wednesday night’s drawing, according to Texas Lottery Commission spokeswomen Kelly Cripe. That means one lucky person is close to taking home the $1.5 billion jackpot, but so much is still in the air.
“It’s just hard to say because the game is random,” Cripe told TIME on Wednesday. “There have been winners when coverage has been lower. That’s all part of the excitement.” This is the largest lottery jackpot in the world. They also said that if there is no winner tonight, Saturday’s jackpot will be about $2 billion.
If you win, what should you do: Lump Sum or Annuity? Make a Choice.
Taking the lottery annuity will pay you more than the Lump Sum. If you think you are old enough to wait for 30 annual payments, than its better for you to take Lump Sum. In Annuity, you will get more money over time. If you win the jackpot tonight, and you decided to have it annuity than they will set you up for 30 annuity payout choice, where the average will be around $37 million, after the Federal taxes. The amount really varies according to the states that you live in.
In Lump Sum, you will get all your money at once, but after Federal Taxes, that will be around $651 million. It might be good, but it’s million, not billion. However, if you invest this Lump Sum amount into stock market, which will earns about 6-7% each year on average, after inflation. If you do not have state taxes, than in five years, you’d earn $871 million. Therefore, your amount will become $3.74 billion in five years. In conclusion, that is more money than you wait until 30 year to complete your $1.5 billion.
