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what is the latest time to buy powerball tickets

What is the latest time to buy 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).

What is the latest time to buy 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.

The Powerball Jackpot Just Hit $750 Million. Here’s the Deadline to Buy Tickets Tonight in Every State

The Powerball jackpot is now up to a whopping $750 million, and the next drawing is tonight. It’s the biggest lottery jackpot of 2019 so far, and if someone has all of the Powerball winning numbers it would represent the fourth-highest lottery jackpot of all time in the U.S.

Bear in mind that the odds of winning Powerball are unlikely, to put it mildly. To win the Powerball jackpot, you must have all five white numbers (between 1 and 69) and the red Powerball number (between 1 and 26) correct. The odds of having all of the winning Powerball numbers on your ticket are 1 in 292 million.

Still, there are many other ways to win a Powerball prize of some sort. You’ll win $1 million if you have all five winning white balls but not the red Powerball, for example, and you’d win $50,000 by getting four white balls and the Powerball correct.

Most importantly, you can’t win Powerball if you don’t buy a ticket in time for the latest drawing. Each Powerball ticket costs $2, and the deadline to buy Powerball tickets varies by state. Here’s all the information you need for a chance to win the $750 million jackpot in the Powerball drawing tonight, Wednesday, March 27.

When Are the Powerball Winning Numbers Drawn?

Powerball drawings are every Wednesday and Saturday at 10:59 p.m. ET. Some local nightly news programs show Powerball drawings live, while other stations around the country announce Powerball winning numbers at a little after 11 p.m. ET.

You can also find out about the winning Powerball numbers online at sites such as powerball.com and lottery.net.

The next Powerball drawing is tonight (Wednesday, March 27), when a jackpot estimated at $750 million is up for grabs. The lump sum cash value of today’s $750 million jackpot is $465.5 million, before taxes. (And yes, if you are lucky enough to win the Powerball jackpot, our advice is to take the lump sum rather than annual payments.)

What Is the Deadline to Buy Powerball Tickets?

Powerball tickets are sold in 44 states, plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. The deadline to buy Powerball tickets varies by location. So we checked the state lottery websites around the country for their Powerball cutoff times, and all of the deadlines are listed below.

Powerball jackpots roll over and get bigger and bigger if no one has all of the winning numbers in drawings. And as lottery jackpots grow, so does the likelihood for long lines to buy tickets. So it’s best to buy Powerball tickets well before the deadline arrives in your state. Also, take note that many states offer online lottery ticket sales.

The Powerball jackpot is $750 million currently. Here's the deadline to buy Powerball tickets, even with tough odds of winning Powerball. ]]>