No one won the Powerball New Year’s Eve drawing on December 31, 2020. The numbers drawn were 01-10-19-26-66 with a Powerball of 03. Since no one matched all six numbers, the estimated grand prize rose to $356 million for the January 4, 2021 drawing.
If no one wins the jackpot on January 4, the top prize will keep growing.
How much does the first millionaire of the year win?
The first millionaire of the year does not necessarily win a monetary prize. Rather, the title is meant to recognize individuals who have achieved significant financial success. The honor typically goes to the person who earned the most financial gain over the past 12 months, usually through entrepreneurial pursuits, investments, and hard work.
Depending on the background of the individual, such successes could include launching a successful business, managing investments, or even leveraging income from real estate or stock trades. Over the years, winners of this award have gone on to become highly successful investors, entrepreneurs, and business leaders.
While achieving financial success at this level is certainly rewarding in and of itself, some awards programs may offer additional incentives and stipends to the first millionaire of the year.
Who was the first Powerball winner?
The first Powerball winner was a man by the name of John and Lisa Robinson from Munford, Tennessee. On Wednesday November 16th, 2016, the Robinsons won the jaw-dropping $587.5 million Powerball jackpot.
The winning numbers were 08-27-34-04-19 and Powerball 10. The couple opted for the cash lump sum, and after taxes, they netted close to $327 million. “We’re truly blessed,” said John Robinson, who made plans to take his wife to Paris for a second honeymoon.
The couple also planned to retire and spend more time with family. John Robinson commented on his plans to go fishing, managing the rest of his life, and the freedom to do what he wants. “It’s a big difference from going to work and punching the clock every day.
This opens up a lot of possibilities for us,” said John.
What is the first thing you should do if you win the lottery?
The first thing you should do if you win the lottery is seek financial advice. It is important to take some time to consider your financial plan and opportunities before making any decisions or taking action.
You may want to utilize services of a certified financial planner to make sure you consider any tax implications, strategize asset allocation and diversification, and plan for sustainable investments.
It is also important to consider creating an estate plan with a lawyer to protect your lottery winnings over the long-term. Once your financial plan is in place, you can make more informed decisions about how much to save, what luxuries to indulge in, how to give back to your community, and even how to invest your winnings for the future.
What are the 5 most common Powerball numbers?
The five most common Powerball numbers drawn since the beginning of the lottery have been: 26 (drawn 191 times), 16 (drawn 186 times), 41 (drawn 172 times), 22 (drawn 165 times), and 32 (drawn 162 times).
Other common numbers that have been drawn repeatedly though not in the top five include: 20 (drawn 157 times), 42 (drawn 153 times), 23 (drawn 145 times), 2 (143 times) and 25 (drawn 142 times). While it is commonly believed that certain numbers have the best odds of being drawn, the lottery is based entirely on chance and no set of numbers is more likely to win than any other.
Who won the 1 billion dollar Powerball?
No one won the $1 billion dollar Powerball on Saturday, October 24, 2020. There were three winners of the $730.6 million jackpot, and they each purchased a ticket in Michigan, Minnesota and New Jersey.
The winning numbers were 8-12-13-19-27 and the Powerball was 4. The winners have 180 days from the drawing date to claim the prize and select their payment option. They have the option to receive the money in an annuity, which pays out the entire jackpot over 29 payments; or they can take the one-time, lump-sum cash option which is currently estimated to be $546 million per ticket.
Because the Powerball prize was not won, there is now an estimated $620 million jackpot for the next drawing on Wednesday, October 28, 2020 at 10:59 p. m. EDT.
Has anyone won the Powerball twice?
No, it is not possible to win the Powerball twice. This is because the Powerball is a game of chance, meaning that the outcomes of each drawing are entirely random. The odds of winning the Powerball are estimated at one in 292 million; so although it is possible to win the Powerball, it is very improbable that the same person would win twice.
Additionally, the Powerball rules state that if you win the jackpot, you are given a one-time lump sum payment, so you only have one chance to win the grand prize.
Do Powerball winners stay rich?
Yes, Powerball winners often stay rich. Because Powerball jackpots usually range from $40 million to over $100 million, it can be enough to ensure a financial future that is not only secure but also luxurious.
Many winners invest their winnings wisely and create a diversified portfolio to maintain solid financial stability. Other winners opt to donate money to charitable causes or start a business or two. The windfall of money also provides the opportunity to live a lifestyle previously thought unattainable.
This includes the ability to take extravagant vacations, buy luxurious homes, and enjoy fine dining. However, not all that glitters is gold and the responsibility to manage such a large sum of money is daunting.
Limited knowledge on how to manage personal money and combined with fear of making a mistake can sometimes lead to bankruptcy. Powerball winners should always be aware of the potential pitfalls and rely on the help and guidance of financial advisors to ensure their wealth lasts for more years to come.
How much would you take home from Powerball after taxes?
The amount of money you would take home from Powerball after taxes depends on the total amount you win and the state in which you purchased the ticket. Generally speaking, lottery winnings are subject to a federal income tax of 25%, as well as state income tax of up to 8%.
However, it is important to note that some states do not impose any income tax on lottery winnings, while other states have a much higher rate of taxation. Additionally, any winnings over $600 may also need to be reported to the IRS as taxable income.
In order to calculate the amount of money you would take home after taxes, you would need to calculate the total amount of taxes that would be owed for both federal and state purposes, and then subtract that from the amount of your total winnings.
For example, if you won $100,000 from Powerball and lived in a state that imposed a 7% income tax on lottery winnings, you would owe $7,000 in taxes ($100,000 x 7%), and would therefore take home $93,000 after taxes.
How many numbers do you need to be a winner in Powerball?
In order to win the Powerball jackpot, you need to match all five white balls as well as the red Powerball number. You must have all six numbers correct in order to win the jackpot, which can reach tens of millions of dollars.
The white ball numbers range from one to 69, while the Powerball number ranges from one to 26. Additionally, the game includes two additional prize levels, which require different numbers of matching balls.
In order to win the second prize, you need to match five white balls, but not the red Powerball. Finally, the third prize requires either four white balls and the red Powerball or five white balls.
Overall, it takes six numbers and matching them all in order to take home the Powerball jackpot.
Will 2 numbers win anything in Powerball?
No, two numbers will not win anything in Powerball. To win the Powerball jackpot, players must match all five white balls in any order and the red Powerball. The second prize is won by matching all five white balls (in any order) but not the Powerball.
A ticket only matching two numbers will not win any prizes in the Powerball.
Do you win anything with 3 numbers on Powerball?
Yes, you can win something with 3 numbers on Powerball. If you match the Powerball number along with any 3 numbers from the 5 white balls drawn, then you will win the Powerball prize. Depending on the specific game’s rules, the players might have to match all 5 white ball numbers in addition to the Powerball number to take home the jackpot.
However, even if you just match 3 numbers plus the Powerball, you can still receive money. Depending on the specific game rules and the amount of winners, you might only take home $7 – $100 if you match only 3 numbers.
If you match the Powerball number along with 2 other numbers, but no other numbers, than that is the lowest prize tier you can win in a Powerball game.
The prize money associated with a 3 number plus the Powerball match is fixed and won’t vary depending on the jackpot amount. So, while the prizes are relatively low when compared to other Powerball prizes, it’s still a great outcome and a win to celebrate.
What if you get 4 numbers on Powerball?
If you get four numbers on the Powerball, then you will have won a “Power Play” prize. A Power Play is an optional feature that multiplies your winnings. Your total winnings on a Power Play are determined by the type of play you purchase and the Power Play multiplier for that draw.
In most cases, for a four number match, the Power Play prize multiplier is four times the base win. This means that if you have four numbers on the Powerball and purchase a Power Play ticket, you could win up to four times the normal prize.
It is important to remember that the Power Play feature only applies to base prizes; you are not eligible to win an additional prize for matching the Powerball number.
How much is 4 numbers and the Powerball worth?
It depends on how much was wagered on the Powerball drawing, but 4 numbers plus the Powerball is usually worth at least $4. If the Power Play option was purchased with the ticket and the amount wagered per number was the minimum allowed, then 4 numbers and the Powerball could be worth up to $40.
If the amount wagered per number was the maximum allowed and the Power Play option was purchased, then 4 numbers and the Powerball could be worth up to $2 million. The amount won also depends on how much was actually paid into the Powerball jackpot and how many winners there are in the given drawing.
Does 3 numbers pay in Lotto?
No, 3 numbers will not pay in Lotto since you will need to match at least 3 numbers to win any of the available prizes. In most cases, you will need to match all 6 numbers in order to hit the jackpot.
However, there are some additional features and strategies you can use to enhance your chances of winning smaller prizes such as Megaplier or Power Play, or committing to a subscription with consecutive ticket purchases, which can potentially increase your winnings.