Do you have the Powerball winning numbers for May 30? Saturday night’s jackpot is a whopping $171 million, with no winner in the past 11 drawings. Odds are slim that you will be the lottery’s next multi-millionaire, but it’s fun to imagine living life like Donald Trump.
The winning Powerball numbers for May 30 are: 8-9-25-56-57 PB 22 Powerplay: 2
According to the Powerball website, the odds of winning tonight’s jackpot is one in 175,223,510. Ronald L. Wasserstein, Executive Director of the American Statistical Association, states that it’s often difficult to grasp how unlikely it is that someone will win the Powerball jackpot.
“The problem with grasping the smallness of ‘1 in 175 million’ is that we never see 175 million distinct objects. It is easy to grasp 1 in 50, for example, because we can imagine ourselves with 49 other people in a room. We can get our minds around 1 in 75,000 (roughly) by visualizing the crowd of people at the Super Bowl and imagining ourselves being the one person selected from that crowd to win a prize. But one in 175 million cannot be readily visualized.”
On the off chance that you do match all six numbers on your Powerball, Forbes offers up some tips on what to do after you’ve stopped jumping for joy over your big win. The most obvious bit of advice, and quite possibly the most overlooked, is to sign your ticket.
“A lottery ticket is a bearer instrument… whoever signs the ticket and presents a photo ID can claim the prize. So if you haven’t signed the ticket and it blows out of your hand while you are waiting for a bus, you’ve lost the loot.”
Other sage advice includes paying off all of your current debts before you start spending your winfall, hiring a good legal team, and contacting a tax professional before cashing in on your winning ticket.
How much will the jackpot winner get if the $171 million ticket is sold for tonight’s drawing? The lump sum payment will be approximately $80,325,000 after federal taxes are taken out.
State taxes are also taken from the jackpot amount, unless the winner lives in one of nine states that don’t tax lottery winnings (California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming). Residents of Puerto Rico do not pay federal tax, but do pay a local tax that is based on the amount of the jackpot.
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