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Powerball Jackpot Could Make You a Billionaire: Here’s How to Play

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The Powerball jackpot has climbed to an estimated $875 million, making it the seventh-largest jackpot in the history of the game. The jackpot has been growing since June 25, when it was last won.

The odds of winning the Powerball jackpot are 1 in 292.2 million. If someone were to win the jackpot, they would have the option of taking the lump-sum payout of $875 million or an annuity that would pay out over 30 years.

[Image of Powerball]
Image source: economictimes

The next drawing for the Powerball jackpot will be held on Saturday, July 16. The drawing will be held at 10:59 p.m. ET.

How to Play Powerball

To play Powerball, players must choose five numbers from 1 to 69 and one number from 1 to 26. The numbers are drawn from two separate machines. The first machine draws the five white balls, and the second machine draws the Powerball.

Players can purchase Powerball tickets at most convenience stores and supermarkets. Tickets cost $2 each.

[Image of Person scratching off a Powerball lottery ticket]
Image source: www.ndtv.com

Where Can I Watch the Powerball Drawing?

The Powerball drawing is broadcast live on several television networks, including ABC, CBS, NBC, Fox, and The CW. The drawing can also be streamed live online.

What Happens If I Win the Powerball Jackpot?

If you win the Powerball jackpot, you will have the option of taking the lump-sum payout or an annuity. The lump-sum payout is the entire amount of the jackpot, paid out in one lump sum. The annuity is a series of payments that are paid out over 30 years.

The lump-sum payout is taxed at 25% federal tax rate, plus state and local taxes. The annuity is taxed as ordinary income, which means that you will have to pay taxes on each payment.

If you win the Powerball jackpot, you will need to claim your prize within 60 days of the drawing. You can claim your prize at any lottery office in the United States.

Tips for Playing Powerball

Here are a few tips for playing Powerball:

* **Choose your numbers wisely.**

Don’t just pick random numbers. Instead, choose numbers that have a good chance of being drawn. You can use a lottery number generator to help you choose your numbers.

* **Play multiple tickets.**

The more tickets you play, the better your chances of winning.

* **Join a lottery pool.**

This is a group of people who pool their money together to buy tickets. This increases your chances of winning.

* **Be patient.**

Winning the Powerball jackpot takes luck. Don’t give up if you don’t win right away. Keep playing and eventually you will win.

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