The Powerball lottery will draw a total of 638 million dollars on the night of this Monday, December 25, this after last Saturday no one came out with the winning numbers.
This draw coincides with the celebration of Christmas, and in the history of the game, only three times has a prize been awarded during this date. The last time this happened was 10 years ago, when a person in Missouri took $71.5 million.
🚨 Powerball 12/25/23
Estimated Jackpot $638 Million.
What a Christmas 🎁 pic.twitter.com/wr9OkwTFIk— David Lotto King (@DavidLottoKing) December 25, 2023
“This could be a very Merry Christmas for a Powerball player. It is not often that we have a Powerball drawing that coincides with the Christmas holidays and with a jackpot of this magnitude,” said Drew Svitko, president of the Powerball product group.
Powerball tickets, which cost two dollars, can be purchased in 45 of the 50 states in the United States, although they are also found in the District of Columbia, Puerto Rico and the Virgin Islands.
If a winner appears, this person will be able to choose between collecting the prize through a single payment of 321.1 million dollars (due to tax collection) and obtaining 30 annual installments for the next 29 years, a highly chosen option due to which represents a smaller amount of money lost.
State taxes affect winners in states such as Arizona and New York, while states such as California, Florida and Texas do not tax lottery winnings.
The 638 million dollars that are being drawn this December 25 are the fourth largest prize that exceeds 500 million so far this year. It is important to remember that a winning ticket that was purchased last October in California took home the latest jackpot of $1.765 million.
In recent years, the frequency with which jackpots are won has increased due to several changes in the game formulas, however, the lottery reminds that the chances of winning one of these Powerball jackpots are 1 in 292.2 million times.
