It’s Feb. 3, and that means it’s time for the next Powerball drawing. The winning numbers will be drawn live from the Florida Studios located in Tallahassee, for an estimated $112 million jackpot. The Powerball jackpot has an estimated cash value of $72,300,000. Powerball has undergone a surge of interest and game activity since the record-breaking jackpot of $1.58 billion won on Jan. 13. There hasn’t been another jackpot winner since that historic event and the jackpot has continued to roll each drawing. According to changes in how the Powerball game is played, more jackpots worth hundreds of millions, if not billions are expected for the future.
You can watch the drawing in streaming live video below once the drawing takes place at 11:00 p.m. ET. Until then, you can watch the last Powerball drawing along with the winning numbers. These will be updated once tonight’s numbers are in. The winning numbers were: 5, 12, 16, 31, 43 and the red Powerball was 18. The Power Play was 4x, meaning there were several Powerball winners, even though no one won the jackpot.
Update! The Powerball winning numbers for Feb. 3, 2016, are in. They are 26, 60, 67, 31, 28 and the Powerball is 23. The Power Play is 3x. The jackpot rose to an estimated $116,600.00. Are you a winner? Did you know that Powerball live drawings are open to the public? Good luck!
— Florida Lottery (@floridalottery) February 3, 2016
— California Lottery (@calottery) February 4, 2016
Powerball has been getting a lot of media coverage lately. There were three winning tickets sold in the record-breaking Jan 13, drawing, but to date, only one couple has come forward to claim their prize. Lisa and John Robinson appeared on the Ellen DeGeneres show to discuss their incredible win, but only three days after going public, a former Pennsylvania inmate named Jonathan Lee Riches, aka “Jihadi Schitz” has sued the couple for half their money. He stated he had a prison penpal relationship with the couple’s daughter, has converted to Islam, and she was to be his Muslim bride. The lawsuit asks that all the Robinson’s winnings be put on hold. The lawsuit has led many to question whether Powerball jackpot winners and other lottery winners are truly safe and whether they should be concerned about their safety and security. Due to the many horror stories associated with some lottery winners, such as winners who have been murdered, some question whether laws should be changed to allow all Powerball, Mega Millions and lottery winners to remain anonymous.
— John Harris (@winthenextlotto) February 3, 2016
Even though there is what seems to be an inherent risk associated with winning the lottery, that isn’t much of a deterrent to playing. It might be worth looking into whether taking a lump sum, cash payment is the better advantage to an annuity. It seems that those who have been targeted for their wealth after winning a lottery jackpot, such as the Powerball, are those who took a lump sum payment. Maybe those who take a cash annuity, such as once a year or win weekly payments are offered a bit more protection from unscrupulous people who want to steal winnings. It’s also worth noting that those who win the Powerball and other jackpots should be careful whom they tell. Some questioned whether the Robinsons went public too quickly. As the California winner and the Florida winner have yet to come and claim their prize, some have suggested they may be trying to play it safe and trying to keep a low profile as long as possible.
Many states require Powerball and Mega Millions winners to come forward publicly as a matter of public record. The rules regarding anonymity, as well as how long you have to claim your prize vary from state to state. Some states might require winners to come forward while allowing them the option of forming a trust. A trust can help you keep your identity private, while still meeting your state’s laws. If you have any questions regarding your state laws and how to handle a Powerball win, speak to an attorney experienced in lottery law. Winners should also get an accountant to ensure they pay all applicable taxes as according to law. A financial advisor can help winners make wise investments with thier money as well.
The Powerball drawing takes place live tonight at 11:00 p.m. ET. Stay tuned for the winning numbers, followed by winners’ stories. Are you looking forward to another billion dollar jackpot?
[Photo by Phil Spears/AP]