Lottery Mega Millions Powerball Jackpot LIVE: Powerball Winning Numbers Drawing Today
Lottery Mega Millions Powerball Jackpot LIVE: Powerball Winning Numbers Drawing Today
There are 9 ways to win a prize in Powerball®. All prizes are set cash amounts, except the Grand Prize. In California, prize payout amounts are pari-mutuel and determined by sales and the number of winners.
Powerball winning numbers for Saturday, Aug. 20, 2022:
5 – 9 – 11 – 16 – 66 and Powerball 7
Powerplay was 2x
According to the Powerball website, the lottery’s estimated prize was $80 million with a cash option of $46.4 million.
The most recent jackpot win occurred on August 3 night, when a Pennsylvania lottery winner won $206.9 million.
According to the Mega Millions website, the jackpot for the current drawing is $116 million, with a cash option of $65.6 million.
How TALL is $40 Million?
A Powerball jackpot of $40 million may not seem like much, but ask yourself this – is $40 million really a small amount of money? Is the Smithsonian Institution in Washington, D.C. a small building?
If you were to stack $100 bills, take a look at the heights the money would reach at each estimated jackpot amount.
Value of the Annuity
Jackpot winners can either select their prize as an annuity or a lump-sum payment.
If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years.
The annual payments increase by 5% until the 30th and final payment.
The 30 payments added up equal the value of the annuity.
