Hoping to win Saturday night’s $208 million Powerball jackpot? Match all five white balls and the red Powerball and you will be the lottery’s newest multi-millionaire.
UPDATE: The winning Powerball numbers for September 19 are: 12, 17, 26, 43, 48 PB 24
According to NBC Los Angeles, there hasn’t been a jackpot winner since August 1 — the winning $110 million jackpot ticket was sold at the Choice Market in South Los Angeles. If no one wins tonight, the jackpot will continue to rise until someone beats the 1 in 175 million odds and wins the top prize in the popular lottery game.
Is the $208 million jackpot one of the biggest grand prizes in Powerball history? Although it’s a life-changing amount of money, Philly.com reports that it doesn’t even rank in the top 10.
The jackpot would have to grow to more than $590,500,000 to beat the current record. That’s how much one lucky lottery player in Florida won on May 18, 2013.
Here’s a list of the top 10 jackpots that made life a lot more comfortable for the lucky winners.
$590.5 million — May 18, 2013 – one winner (Florida)
$587.5 million — November 28, 2012 – two winners (Missouri and Arizona)
$448.4 million — August 7, 2013 – three winners (two in New Jersey, one in Minnesota)
$425.4 million — February 19, 2014 – one winner (California)
$399.4 million — September 18, 2013 – one winner (South Carolina)
$365 million — February 18, 2006 – one winner (Nebraska)
$340 million — October 19, 2005 – one winner (Oregon)
$338.3 million — March 23, 20013 – one winner (New Jersey)
$337 million — August 15, 2012 – one winner (Michigan)
$336.4 million — February 11, 2012 – one winner (Rhode Island)
If you are lucky enough to win the September 19 Powerball jackpot, you have the option of getting a lump sum payment or a 30-year annuity. Winners who take the lump sum option will be paid the cash value of the jackpot — $131.3 million before taxes. If the annuity is selected, the winner will get 30 annual checks of approximately $6.9 million each before taxes.
Which option should you choose? According to CNBC, some wealth advisers suggest that Powerball winners should opt for the lump sum “partly for tax reasons, but also for planning.”
Powerball tickets are currently sold at lottery retailers in 44 States; Washington, D.C.; Puerto Rico; and the U.S. Virgin Islands. Drawings are held every Wednesday and Saturday at 10:59 p.m. ET, with most retailers cutting off sales between fifteen minutes and one hour before the drawing.
What will you do with the $208 million jackpot if you are lucky enough to win Powerball on Saturday night?
[Image: Scott Olson/Getty Images]