Arizona couple wins Powerball jackpot worth $473.1 Million

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Powerball is a famous lottery game with gigantic prizes and various functions. The game is played around 45 states in USA. This game is organized by a non-business entity i.e., Multi State Lottery Association as the existence of the organization is the mutual consent of lobbyists and US corporations. At the time of its launching, Powerball was the first game to use two drums and this two drum concept was the idea of Steve Caputo of Oregon Lottery. Thereafter, the concept of two drum was used worldwide such as The Big Game (US), Australia Powerball, Thunderball in UK, Eurojackpot and EuroMillions. At the same time, Powerball drawings were held twice in a week i.e., Wednesday and Saturday but w.e.f. 23rd of August 2021, drawings were also added for Monday. Now drawings take place for Monday, Wednesday and Saturday evening at 10:59 PM Eastern in Florida Lottery main office in Tallahassee. Powerball is convenient in the sense that anyone can play it online at the place of his/her choice. The game can be started with multiple bats as per one’s own demand.

Power Play: In order to activate Power Play, player must pay $1 for each game. It is drawn separately with 06 numbers. As soon as Power Play is activated, the winning prize gets automatically doubled.

Prize Clamming: The first condition for claim is that it must be put within the jurisdiction area. Age level one must attain to play the game is 18 years except Nebraska (19) and 21 in some places. The time limit to claim Powerball prizes is 90 days to one year based upon the place where the ticket was brought. IF we talk about California, Powerball winning are liable for Federal Income Tax. In some states, the income generated from game winning is responsible for federal income tax and state income tax upon the condition that the ticket was purchased in the winner’s home state. Ticket purchase from other state can lead you with the burden of tax by both the states.

On Friday, a married couple living in Gilbert, Arizona has claimed over winning of Powerball jackpot drawn on 27 April. On the moment, couple agreed upon the condition to keep their name concealed forever upon a cash payment of $283.3 million. QuikTrip gas station nearby Warner and Gilbert Road is the place where these tickets were sold. For the retailing function of selling the winning tickets, QuikTrip receives $50000 bonus from Arizona tickets. Gregg Edgar, Executive Director of Arizona Lottery gives the statement of numerous winners and the positive impact of winning on Arizona. Powerball claims odds against winning a prize of 01 in 24.9 and odds of winning jackpot 01 in 292.2 million. Powerball remittances are made in 30 graduated installments (with 05% annual increase) or in a lump sum pay as per the suitability but the lump sum amount will be less than installments because of the factor of time value of money. The biggest lottery was made by the Powerball on 13th January 2016 which was around $1.586 billion of the tickets sold at Chino Hills, California, Melbourne Beach, Florida.

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