Powerball Winning Numbers Drawn Fourth largest jackpot in Powerball’s history
November 6, 2018  //  By:   //  News  //  Comments are off

The fourth largest jackpot in Powerball’s history was won by two lucky people on Saturday night, with their winnings coming in at $687.6 million. The winning numbers were 8, 12, 13, 19, 27 and Powerball of 04. The odds of matching every number including the Powerball is 1 in 292 million.

The winners were formally announced Sunday morning, one ticket being sold in New York and the other in Iowa, neither of which immediately stepped forward. The winners will have the option of sharing the immediate payout in cash of $198.1 million each or sharing the $687.6 million paid out over 29 years. When a lottery jackpot is won, an immediate 24% tax withholding is taken off the lump sum, reducing the winning by $165 million.

This drawing coincides with the Mega Millions $1.6 billion jackpot, which was won by a South Carolina resident who will most likely never step forward. South Carolina is one of only seven states which doesn’t require the winner to be publicly identified. Most times, in order to display transparency and honesty of their operations, lotteries will identify winners, but this is changing as more and more winners complain about threats and requests once identified. The lucky winner defied the odds of 1 to 302 million. The lump sum, otherwise known as the immediate cash payout, which most winners choose, would equate to $877.8 million.

While lottery odds are regularly brought up, they are difficult to comprehend unless compared to other events. Your odds of winning the Powerball jackpot were still less than being hit by a meteorite (1 in 700,000), killed by lightning (1 in 10 million), and even giving birth to identical quadruplets (1 in 13 million).

Along with the winner, states also benefit from the lottery. Each of the 44 states that sold the tickets made at least $80 million in revenue, most of which go to funding public education or other good causes.

About the Author :

Liam Hatakenaka is a senior at Bainbridge High School. He is the captain of the Spartan baseball team and has previously been involved in the basketball program and mental health awareness club. His two favorite things to write about are sports and A&E. He prides himself on his pace tekkers.