Do you have the winning Powerball numbers in Saturday night’s drawing? The October 10 jackpot is $60 million with no winner since one lucky woman in Three Rivers, Michigan won $310 million in the September 30 drawing.
Powerball drawings take place at 10:59 p.m. ET every Wednesday and Saturday night. Watch the drawings live online on WRAL or get the lottery results by download the free LotteryHub app for iPhone, iPad, or Android devices.
The winning Powerball numbers October 10 are 12-27-29-43-68 PB 1 Powerplay 2X.
Odds that you will win tonight’s Powerball jackpot are slim — one-in-175 million to one-in-292 million — but it may be worth the $2 investment. It paid off in a big way for Michigan resident Julie Leach, 50, who claimed her $310 million winning Powerball ticket earlier in the week.
According to Fox 17, the lottery’s newest multi-millionaire found out she hit it big while she was at work. Leach purchased $20 worth of Powerball tickets (10 tickets) at the Three Rivers West Shell gas station on her way to her third shift job at a fiberglass company. During her lunch break, she checked her numbers and realized she matched all six numbers (21-39-40-55-59 PB 17) in the September 30 drawing. She didn’t believe her luck and headed back to work to verify the numbers with her co-workers.
ABC News reports that during a press conference held at Michigan Lottery Headquarters on October 6, Leach told reporters that she quit her job and would use some of her lottery winnings to build new homes for herself, her boyfriend, and her children.
“I was having a really bad night at work and I thought I better check my numbers… I didn’t go to sleep for over 30 hours when I found out.”
If you win the October 10 Powerball jackpot, you won’t win nearly as much as Julie Leach but the $60 million prize is still enough to make life a lot more comfortable. Of course, you won’t get the entire $60 million if you choose a lump sum payment — the payout is based on the cash value of the jackpot that is currently worth $34.8 million.
After taxes, the amount of your windfall will be even less, but it’s still a great return on a $2 investment. According to USA Mega‘s Powerball jackpot analysis, a potential winner would take home $28.8 million after federal taxes. Depending on which state you live in, state taxes will be deducted from the prize amount as well. States that do not tax lottery winnings include California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.
Powerball jackpot winners can also choose a 30-year annuity if they want to receive the entire jackpot prize of $60 million. The winner would receive 30 annual payments of approximately $2 million each before state and federal taxes.
Recent changes to the Powerball lottery game will make the jackpot harder to win, but you have a better chance of winning a non-jackpot prize. On October 7, there were more white balls added to the game, making the odds of winning the top prize go from one-in-175 million to one-in-292 million.
According to USA Today, the white balls are now numbered 1 to 69 (up from 1 to 59), but the number of red balls (Powerball) decreased from 35 to 26. The odds of winning a non-jackpot prize is now approximately one-in-25, down from one-in-32.
In addition to the change in the numbers that players have to pick from, the amount of the third-level Powerball prize (match four white balls, one red Powerball) increased from $10,000 to $50,000.
Powerball tickets are $2 each, and can be purchased at lottery retailers in 44 states; Washington, D.C.; Puerto Rico; and the U.S. Virgin Islands. Players can choose a computer generated Quick Pick ticket or pick their own numbers. Ticket sales close approximately one hour before the 10:59 p.m. ET drawings every Wednesday and Saturday night.
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