An extraordinary lucky player won the Powerball jackpot. This marked the fifth-largest jackpot ever, and it came shortly after no one was able to claim an even larger Mega Millions prize at about $970 million.
In conjunction with Mega Millions, it also marked the first time that both major lottery games topped $700 million at the same time. The $730 million winning ticket was sold in Allegany County, Maryland, at a Vulcan A-mart Party Store.
The jackpot is now set back to its starting value of $20 million. The lucky numbers for this drawing were: 40-53-60-68-69 and a Powerball of 22.
Other than the jackpot, there were other top prizes won. One player was a lucky recipient of the one million dollar prize.
Five additional players won the $50,000 prize. The most common prize won was the Match 1 White Ball + Powerball, which is a $4 prize amount. It turns out, 34,626 people were able to claim this prize.
Players will select five white-ball numbers in a range from one to 69. Then, you must select a red powerball ranging from one to 26. You have the option to allow the machine to pick for you in case you cannot decide.
For another dollar, you have the option to add on the Power Play. This allows your prize to be multiplied by either 2X, 3X, 4X, 5X, or 10X the amount. Keep in mind that the 10X multiplier will not be available on prize amounts over $150 million.
For players who win a large jackpot, such as the recent $730 million, they will have two options to redeem the prize. Players can either set up a 30-year annuity or have the prize paid out in cash.
Over the 30 years, you will be closer to actually having the full amount paid to you. If paid in full, you are subject to a lot more money upfront but do not have the same amount due to taxes.
The overall odds of winning a single prize are one in 25. The odds of winning the jackpot are one in 292,201,338.
Each ticket costs $2 a play, while the Power Play adds another dollar. Prizes range from $2 all the way up to the current jackpot.