Posted: 11:13 p.m. Tuesday, Nov. 27, 2012
Still time to buy: Lines are probable today as outlets will sell the $2 tickets until 10 p.m. The drawing is at 10:59 p.m.
How to win: Players must match the numbers on five white balls drawn from a pool of 59, plus one of 35 red balls.
Payoff: The winner, or winners, can have the money placed in an annuity payable over 29 years. or take a lump-sum cash option. A single winner choosing the cash payout will take home $327 million before taxes.
Sharing the wealth: $1 of each ticket pays for prizes, with about a third for the jackpot and the rest for lesser payouts. The $1 goes to the lottery operations in the 42 states plus Washington, D.C., and the Virgin Islands where Powerball is played. In Ohio, after administrative costs are deducted — including compensating the 8,500 ticket-selling outlets — the remainder goes to state education programs. Federal taxes take 25 percent of the jackpot.
Lucky 17?: There have been 16 bi-weekly drawings without anyone hitting the big prize. Powerball officials say the chance of getting a winner tonight is approaching 60 percent.It’s not a record: A $656 million Mega Millions jackpot in March holds that distinction.