Searching for the winning Powerball numbers for June 17? Wednesday night’s jackpot is $70 million, with no winning ticket sold since one lucky lottery player won $188 million after matching all six numbers drawn on June 3.
UPDATE: The winning Powerball numbers for June 17 are: 20, 21, 22, 41, 54 PB 7
While tonight’s jackpot isn’t as big as the one given away in Arizona earlier in the month, it’s still enough to pay off your bills and live comfortably. Before you cash in your winning ticket, it is important to find a good financial adviser and legal team so you can enjoy your windfall for years to come.
According to CBS 5, the most recent Powerball jackpot winner is Glendale, Arizona resident Maria Herrera, who won $188 million on June 3. Herrera chose a lump-sum payout of $84 million after taxes, making it the largest win in Arizon since 2012 when a $587 million jackpot was given away.
Financial planner Guerdon Ely tells Forbes that lottery winners should “handpick their own lawyer, accountant and investment advisor, and requiring them to work together.”
How much will you take home if you win tonight’s Powerball jackpot?
The jackpot currently stands at $70 million, but the cash value is $43 million. Powerball jackpot winners have the choice of taking a lump-sum payment or a 30-year annuity. USA Mega provides a handy jackpot analysis that shows the difference between the lump sum payout and the annuity payments after federal and state taxes are taken out.
For example, if a single winner from Arkansas matched all six numbers on June 17, the one-time payment would be approximately $29,240,000 million after federal and state taxes are taken out. The yearly payout for a winner who picks the annuity would be approximately $47,600,010 per year, after taxes.
Residents of the following states do not have to pay state tax on their lottery winnings: California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Lottery winners in Puerto Rico do not pay federal tax on lottery winnings, but they must pay a special tax of between 5 and 20 percent of the total jackpot amount.
Powerball drawings every Wednesday and Saturday at 10:59 p.m. ET. Purchase tickets up until 10:45 p.m. ET at most retailers, earlier at others. Tickets are sold in 44 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
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