Powerball Jackpot Reaches $47 Million Ahead of May 9 Drawing
Powerball jackpot rises to $47 million for May 9 drawing
The Economic Times
Image: The Economic Times
The Powerball jackpot has increased to an estimated $47 million for the May 9 drawing following a previous drawing with no winners. Players can choose between an annuity option paid over 30 years or a lump-sum cash option of approximately $21.1 million before taxes.
- 01The Powerball jackpot is now estimated at $47 million for the May 9 drawing.
- 02Players can opt for an annuity payout or a lump-sum cash option of about $21.1 million.
- 03Powerball is available in 45 states, Washington, DC, Puerto Rico, and the US Virgin Islands.
- 04Recent winners include a $209.3 million jackpot in North Carolina and a $250.8 million win in Arkansas.
- 05The odds of winning the Powerball jackpot are roughly 1 in 292 million.
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The Powerball jackpot has climbed to an estimated $47 million for the upcoming drawing on May 9, following a previous round where no tickets matched all winning numbers. Players have the option to choose between an annuity that pays out over 30 years or a lump-sum cash option, currently estimated at nearly $21.1 million before taxes. Despite the odds of winning the grand prize being approximately 1 in 292 million, Powerball remains highly popular across the United States, with tickets sold in 45 states, Washington, DC, Puerto Rico, and the United States Virgin Islands. Recent jackpots have kept interest high, including a $209.3 million win in January in North Carolina and a $250.8 million prize sold in Arkansas in March. The next drawing will take place on May 9, with ticket sales closing at varying times depending on the state.
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The growing jackpot encourages more players to participate, which can lead to increased ticket sales and funding for state programs supported by lottery revenues.
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