Powerball Hit
The question is, did Powerball hit the jackpot? In Wednesday’s drawing, the jackpot was $366 million. But who hit it and when? The jackpot was last won in 1992 in Ohio. In 2010, Mega Millions replaced The Big Game. Since then, the jackpots for both games have increased steadily.
The jackpot has been rolling over for two months, but a winning ticket was sold in Vermont on Wednesday night. This is the first winning ticket in the state in over two years. The winning ticket would have made its owner an instant millionaire. The winning ticket was bought in Vermont, where the winner will receive the jackpot in an annuity over 29 years or as a reduced lump sum. Although the jackpot is a huge amount of money, taxes can eat away at the money won.
Vermont lottery officials announced Thursday that a ticket sold at a convenience store in Middlebury, Vermont won the $366.7 million jackpot. The winner will choose to receive the winning prize in thirty equal payments over 29 years, or opt to take a lump sum payment of $208.5 million. Both options will be subject to taxes. The Vermont Lottery is still verifying the identity of the jackpot winner.
Did Powerball Hit the Jackpot?
Powerball has been selling lottery tickets in Ohio since 1992. The first jackpot in this state was won on June 2, 2010. The state was one of the first to sell Powerball and Mega Millions tickets. The winning ticket was worth $261 million annuity and was sold in Sunbury. It won as part of a jackpot sharing deal with Montana, which was selling Powerball at the same time as Ohio.
Powerball is currently available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. The Powerball lottery has a feature called Power Play that can increase winnings by two to ten times. It costs $1 per play. It can multiply non-jackpot wins up to ten times when the prize is $150 million or less.
Since its launch in 1992, the Powerball lottery has generated a lot of big jackpots for players in Ohio and several other states. Since that time, the state has had 39 Powerball jackpot winners. Today, there are over one million players in Ohio and other states.