However, the winner is not yet known. He needs to be identified. This jackpot amount will be given to the winner in installments. First installment is paid and rest is paid in installments up to 29 years. Interest at the rate of 5 percent per annum is added to this amount. If not, the cost of $754.6 million will be reduced to $407.2 million and will be handed over to the winner at once. Organizers said it was the ninth largest lottery in US lottery history.
In the same lottery, a man from Texas won 2 million dollars, and five others from Michigan and New York won a million dollars each. Powerball revealed that this is the 34th lottery and it has been increasing since last November. A Powerball lottery ticket costs two dollars. Players of the game choose five numbers from one to 69 for the white balls or pick a number from one to 26 at random.
All five white balls must match the number of red Powerballs to win the jackpot. There are eight ways to win a non-jackpot Powerball prize based on matching balls other than the grand prize. Non-jackpot prizes range from four dollars to a million. Last year on November 7, the highest prize money of $2.04 billion was won by a Californian. This is the highest prize money in the Powerball lottery so far.
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