It’s March 5 and that means it’s time for the next Powerball drawing. Tonight’s Powerball jackpot has been reset to a cool $40 million after a Pennsylvania retired judge visiting in Florida won the $291.4 million jackpot last Wednesday. Tonight’s Powerball drawing will be held live at 11:00 p.m. ET, from the Florida Lottery studios. You can watch as the winning numbers are drawn in the video that will be posted as soon as the drawing is live below. Until then, you can watch the last Powerball drawing video. The last winning numbers for the Powerball jackpot drawn on Wednesday were 12, 13, 44, 52, 62 and the Power Ball was 6. The Power Play multiplier was 2x.
Update! The Powerball winning numbers for March 5 are in They are 3, 34, 27, 59, 69 and the Powerball is 19. The Power Play multiplier is 2x. Good luck!
— ABC News (@ABC) March 5, 2016
Powerball is the most popular lottery game in the United States, followed by Mega Millions. Powerball tickets cost $2 per play while Mega Millions tickets cost $1 each. Powerball drawings take place every Wednesday and Saturday at 11:00 p.m. ET; Mega Millions drawings take place on Tuesdays and Fridays. Some prefer to play Powerball only while others play both lottery games. Mega Millions jackpots always reset to $15 million and Powerball jackpots reset to $40 million after someone wins the grand prize. Florida has won the past two jackpots, including the $1.58 billion jackpot that was held on Jan. 13. There are nine ways to win Powerball and those who don’t win the grand prize shouldn’t be quick to think they aren’t big winners. Those who win the Match 5 win $1 million and $2 million in the Power Play multiplier was added to the ticket. The Match 5 consists of matching all five white balls, but not the Powerball.
— California Lottery (@calottery) March 3, 2016
Powerball is an easy game to play. It consists of choosing five white balls ranging in the numbers 1-69 and one red Power Ball ranging from the number 1-26. You must match all numbers including the Powerball in order to win the grand prize jackpot. The odds of winning the Powerball jackpot are 1-in-292,201,338. Those who win the grand prize have their choice of an upfront, cash payout received in a lump sum, or to have one upfront payment, followed by 29 additional payments. Jackpot winners have a lot of decisions to make and when it comes to winning the Powerball grand prize, it’s important to do your homework and be prepared. While some winners choose to accept their payouts as soon as possible, others take advantage of the time given by their state lottery in order to do research, speak with financial experts and attorneys to determine the best strategy going forward.
Powerball is played in 44 states, Puerto Rico, the Virgin Islands, and the nation’s capitol, Washington, D.C. In order to get the most out of your game, you might find it is beneficial to check with your local state lottery and read through their frequently asked questions. Your local lottery will have information regarding how to play Powerball, how to make a claim for a ticket, and the process that jackpot and other winners must follow. There is also the factor of how long a winner has to make their claim before their ticket becomes invalid. Unfortunately, there are many Powerball and other lottery winners who never claim their tickets and lose their share to their winning.
Those who play Powerball should determine how often they want to play, how many lottery games they want to play on a weekly basis and then create a budget. Never use bill money or rent money to purchase Powerball tickets, but stick to your entertainment budget. Should you win the jackpot, you’ll need to seek the advice of a financial planner and attorney. There are attorneys who are experienced in handling lottery wins. It’s imperative that you speak with a financial expert and use your winnings in a wise and prudent manner so you beat the odds of those who win the lottery yet ended up broke within five years.
Stay tuned as we’ll have tonight’s Powerball drawing live video, winning numbers and latest news, information and updates on the winners.
[Photo by Phil Spears/AP]