""Much like the holidays, Powerball is a game that brings people together to dream big and hope for a brighter future," said Matt Strawn, Powerball product group chair and Iowa Lottery CEO. "We hope this growing jackpot inspires excitement and joy and, most importantly, good will to all. A portion of every ticket helps support programs and services that benefit local communities.""
"The sixth drawing will take place on Christmas Eve at 10:59 p.m. EST. And while it's rare, a winner could walk away with the grand prize this very evening. It happened once before, on December 24, 2011. Historically, Christmas Day has been a bit merrier for Powerball players, with four winners over the years having claimed the jackpot on December 25-in 1996, 2002, 2010, and 2013."
The Powerball jackpot has grown to about $1.7 billion after five consecutive drawings went without a winner, making it the fourth-largest jackpot and the longest run without a winner in Powerball history. The next drawing is scheduled for Christmas Eve at 10:59 p.m. EST, and past holidays have produced winners, including one on December 24, 2011, and four on December 25 across multiple years. The advertised annuity prize equates to an estimated $781.3 million cash value after federal taxes. State taxes vary and can substantially reduce winnings, with examples including Maryland (9.5%), New York (8.82%), New Jersey (8%), and Washington, D.C. (10.75%).
Read at Fast Company
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