Hoping to win the $188 million Powerball jackpot on Wednesday night? If you match all six of the winning numbers in the June 3 drawing, you will become the lottery’s newest multi-millionaire.
The Powerball numbers are drawing at 10:59 p.m. tonight. Watch live on one of these local TV channels, or online on WRAL. According to a tweet from @MLive, the Powerball results were delayed for a short time on Wednesday night due to “technical problems.”
UPDATE: The winning Powerball numbers for June 3 are:6, 8, 13, 37 and 40 Powerball 11
With no Powerball jackpot winner in the past 12 drawings, ticket holders are hopeful that tonight is their lucky night. The last time the grand prize was given away was April 18, when one lucky ticket holder in Puerto Rico won $50 million. According to Forbes, Powerball lottery winnings in Puerto Rico are not subject to federal income tax, so the still-unnamed winner will get to keep a good portion of his or her winnings.
Prior to the April 18 win, one person in Florida cashed in on a $70 million jackpot in the April 11 drawing. According to the Florida Lottery, the winner bought a quick pick ticket at the State Line Gift Shop in McDavid.
Planning out what you will do with your new-found riches? You won’t get the full $188 million if you win, so keep that in mind when you’re looking at mansions and expensive cars online.
If you choose a single lump-sum payment, your check would be for approximately $89,550,000 after federal taxes, but before state taxes are taken out. For winners who prefer to split the payments up, a 30-year annuity is available. Tonight’s jackpot would yield yearly checks of approximately $6.2 million per year, before taxes.
Consider yourself extra lucky if you are a resident of California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, or Wyoming — those are the nine states that do not have a state tax on lottery winnings. Winners in Puerto Rico do not pay any federal tax on lottery winnings, but do have to pay a special tax of between 5 and 20 percent of the total jackpot amount.
Even if you don’t win the Powerball jackpot tonight, there are still a number of non-jackpot prizes up for grabs that range from $4 ( just the Powerball) to $1 million (five numbers, no Powerball). Take a look at your tickets from previous drawings to make sure you didn’t win one of the lesser prizes in the Powerball lottery game.
- May 30: 8, 9, 25, 56, 57 PB 22
- May 20: 1, 12, 28, 35, 44 PB 25
- May 16: 24, 29, 38, 48, 52 PB 32
- May 13: 1, 25, 29, 31, 47 PB 7
- May 9: 4, 15, 1,7 35, 58 PB 17
- May 6: 23, 24, 27, 39, 41 PB 30
- May 2: 2, 6, 11, 30, 31 PB 33
Powerball drawings are held on Wednesday and Saturday nights at 10:59 p.m. ET. Tickets are $2 each, plus an additional $1 for the PowerPlay option. Purchase tickets up to one hour before the drawing at lottery retailers in 44 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
What will you do with your millions if you are tonight’s Powerball winner?
[Image: Justin Sulilvan/Getty Images]