|Stats: 283 members, 6,317 topics. Date: February 20, 2017, 9:30 am|
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A lucky ticket-holder in the US is soon to be much richer after scooping a $429.6m (£297.7m) Powerball jackpot. The ticket was sold in New Jersey and the buyer chose the numbers 5, 25, 26, 44, 66 and the Powerball number nine. Powerball spokesman Kelly Cripe said the exact location of where the winning ticket was bought should be known later on Sunday.It also not yet clear if the ticket is held by one person or a group.
Saturday night's jackpot was the largest since a record $1.6bn payout in January, which was shared by three winning tickets. Once the winner comes forward, they will be given the choice of receiving the money in a lump sum or an annual payment paid over 30 years. About half the lump sum is eaten up in taxes however, leaving about $284.1m (£196.8m), while a smaller amount is lost if the winner chooses the annuity. Most winners take the lump sum, convinced they can earn more by investing than by taking the annual payment.
Powerball tickets are sold in 44 states and Washington DC, Puerto Rico and the US Virgin Islands. Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah do not take part. Players must match all five numbers plus the Powerball number to win the jackpot, which starts at $40m and increases until there is a winner. The odds of winning the jackpot are one in 292.2 million - there is a much greater chance of being killed by an attack of bees (one in 64,706).
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