Upcoming Powerball Drawing Details
The next Powerball drawing is scheduled for Saturday, June 8, at 10:59 p.m. ET. The jackpot has increased to an estimated $206 million, with a cash value of $95.7 million. This follows the recent drawing on Wednesday, June 5, where no one matched all six numbers to win the grand prize. The winning numbers for that drawing were 8, 44, 45, 51, and 69, with the Powerball number being 12 and the Power Play multiplier at 3X.
Recent Powerball Results
In the most recent drawing on June 5, there was no grand prize winner. However, a ticket in California matched five numbers, excluding the Powerball, and is worth $1 million. The previous drawing on Monday, June 3, also saw no grand prize winner, but a ticket in Connecticut matched five numbers, earning the holder $1 million. The winning numbers for that drawing were 19, 29, 35, 36, and 45, with the Powerball number being 16 and the Power Play multiplier at 2X.
How to Play Powerball
To play Powerball, you need to select five numbers from a pool of white balls numbered 1 to 69 and one red Powerball number from a pool of 1 to 26. You can choose your own numbers or opt for a random selection by the lottery terminal. Each play costs $2. For an additional $1 per play, you can add the Power Play option, which multiplies non-jackpot winnings by 2X, 3X, 4X, 5X, or even 10X when the jackpot is $150 million or less.
Ticket Purchase Deadlines
If you plan to participate in the upcoming drawing, be aware of the ticket purchase deadlines. In Delaware, ticket sales close at 9:45 p.m. ET on the day of the drawing. In New Jersey and Pennsylvania, ticket sales close at 9:59 p.m. ET. Make sure to purchase your tickets before these deadlines to ensure your entry is valid.
Prize Payouts and Odds
Powerball offers nine ways to win prizes, ranging from $4 for matching just the red Powerball to the grand prize for matching all six numbers. The odds of winning the grand prize are approximately 1 in 292,201,338, while the odds of winning the lowest prize are 1 in 38.32. The overall odds of winning any prize are 1 in 24.87. All prizes are set cash amounts except for the grand prize, which can be taken as an annuity or a lump sum. In California, prize payout amounts are pari-mutuel, meaning they are based on sales and the number of winners.
Largest Powerball Jackpots
The largest Powerball jackpot ever won was $1.586 billion, which was shared by three winners in California, Florida, and Tennessee in January 2016. Other notable jackpots include a $768.4 million prize won by a single ticket in Wisconsin in March 2019 and a $758.7 million prize won by a single ticket in Massachusetts in August 2017.
Next Mega Millions Drawing
In addition to the upcoming Powerball drawing, the next Mega Millions drawing is scheduled for Tuesday, June 11. The current Mega Millions jackpot is estimated at $20 million, with a cash option of $9.4 million. The most recent Mega Millions drawing on Tuesday, June 4, saw a single winner in Illinois who matched all six numbers to claim the $560 million jackpot. The winning numbers for that drawing were 19, 37, 40, 63, and 69, with the Mega Ball number being 17 and the Megaplier at 3X.
How to Play Mega Millions
To play Mega Millions, you need to select five numbers from a pool of white balls numbered 1 to 70 and one Mega Ball number from a pool of 1 to 25. Each play costs $2. For an additional $1 per play, you can add the Megaplier option, which increases non-jackpot prizes by up to five times. Players can choose their own numbers or opt for a Quick Pick, where the lottery terminal randomly selects the numbers.
Where to Buy Tickets
Powerball and Mega Millions tickets can be purchased at various locations, including gas stations, convenience stores, grocery stores, and some airport terminals. In certain states, you can also buy tickets online through the Jackpocket app, which allows users to pick lottery games and numbers, place orders, view tickets, and collect winnings via phone or home computer. The app is available in states like New Jersey and New York.
Odds of Winning Mega Millions
The odds of winning the Mega Millions jackpot are approximately 1 in 302,575,350, while the odds of matching all five white balls are approximately 1 in 12,607,306. The overall odds of winning any prize in Mega Millions are 1 in 24. The game offers multiple prize tiers, with the lowest prize being $2 for matching just the Mega Ball.
Payout Options for Winners
Both Powerball and Mega Millions offer two payout options for jackpot winners: the annuity option and the cash option. The annuity option provides an immediate payment followed by annual payments over a period of years, with each payment increasing by a fixed percentage. The cash option is a lump sum payment that is significantly lower than the advertised jackpot amount but is received immediately. Winners should consult with financial advisors to determine the best option for their situation.
Tax Implications
Winning a large lottery prize comes with significant tax implications. Federal taxes are withheld from lottery winnings, and state taxes may also apply depending on where the ticket was purchased. For example, in New York, state taxes on lottery winnings can be as high as 8.82%. Winners should consult with tax professionals to understand their obligations and plan accordingly.
Responsible Gambling
While playing the lottery can be exciting, it’s important to gamble responsibly. Set a budget for how much you are willing to spend on lottery tickets and stick to it. If you or someone you know has a gambling problem, resources are available to help. Contact the National Council on Problem Gambling or your state’s gambling helpline for assistance.
In conclusion, the next Powerball drawing on Saturday, June 8, offers a chance to win an estimated $206 million jackpot. Make sure to purchase your tickets before the deadline and consider adding the Power Play option to increase your non-jackpot winnings. Good luck!
