Winning ticket for $750 million Powerball jackpot sold in Massachusetts

DAILY SABAH WITH AP
ISTANBUL
Published 24.08.2017 11:52
Updated 24.08.2017 15:11
A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, U.S., August 23, 2017. (Reuters Photo)
A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, U.S., August 23, 2017. (Reuters Photo)

Powerball, a multi-state lottery game in the U.S., said Wednesday that the second largest jackpot in Powerball history had a winner.

A single winning Powerball ticket matching all six numbers has been sold at the Handy Variety convenience store in Watertown, Massachusetts.

The lucky numbers from Wednesday night's drawing were 6, 7, 16, 23 and 26, and the Powerball number is 4.

The $758.7 million jackpot is second only to a $1.6 billion prize shared by three people in January 2016.

The current jackpot refers to the annuity option, doled out in 30 payments over 29 years, increasing 5 percent annually. Nearly all winners favor the cash option, which would now be $480.5 million.

The advantage of taking cash is that people can invest the money with hopes of a greater return than the guaranteed payments they would receive through the annuity. The downside is they'll pay a little more in taxes and won't have the certainty of giant annual paychecks for decades.

Six tickets – sold in Connecticut, Illinois, Louisiana, New Mexico, Pennsylvania and the Virgin Islands – won $2 million each, while 34 more tickets won $1 million each.

Powerball is played in 44 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands, all of which collectively oversee the game. Drawings are held twice a week. Five white balls will be drawn from a drum containing 69 balls and one red ball will be selected from a drum with 26 balls. Players can choose their numbers or let a computer make a random choice.

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