Powerball jackpot climbs to $30 million as two Lotto players win $500,000 each
Two Lotto first division winners announced as Powerball and Strike Four jackpots roll over
While the First Division winners each take home $500,000, the
Powerball jackpot
was not struck during the draw. As a result, the Powerball prize has rolled over to Saturday night, June 21, and will be worth an estimated $30 million. The jackpot has seen consistent growth in recent weeks and is now among the highest in recent draws.
Also read:
Mystery Aussie from Sydney bags entire $100m Powerball jackpot, gets tax office warning
In addition to the
Powerball rollover
, Strike Four also went unclaimed on Wednesday night. The Strike Four jackpot will rise to $400,000 for the next draw.
Live Events
Lotto New Zealand is encouraging all players to check their tickets and play responsibly. Ticket holders can verify results through authorized retailers, the official MyLotto app, or the
Lotto NZ
website.
The rising Powerball jackpot is expected to drive high demand ahead of Saturday's draw. Drawings for Powerball and Lotto are held every Wednesday and Saturday, with strict oversight in place for number selection and verification.
The Lotto First Division, Powerball, and Strike Four draws are key components of the national lottery system in New Zealand. Operated by Lotto New Zealand, these games fund a range of community initiatives, including education, arts, and local development.
The odds of winning a Lotto First Division prize are 1 in 3.8 million, while the odds of winning Powerball depend on correctly matching both the base Lotto numbers and the additional Powerball number.
Two Lotto players each secured a $500,000 prize in the latest First Division draw, while the Powerball jackpot went unclaimed. The Powerball prize has now rolled over to $30 million for Saturday's, June 21, drawing. Strike Four also rolled over, with a $400,000 jackpot up for grabs this weekend
Lotto players are advised to purchase tickets ahead of time to avoid last-minute congestion. Saturday's draw will determine if the Powerball jackpot continues to roll over or finds a winner.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a day ago
- Mint
Australia, NZ dollars suffer setback, NZ food prices shock
SYDNEY, Aug 15 (Reuters) - The Australian and New Zealand dollars were back on the defensive on Friday after a high reading on U.S. producer inflation quashed talk of aggressive rate cuts there and boosted the greenback. That left the Aussie nursing bruises at $0.6497, having fallen 0.8% overnight to wipe out two days of gains. It did find support at $0.6483, but was now a long way for the week's top of $0.6568. The kiwi dollar huddled at $0.5918, after shedding almost 1% overnight to as low as $0.5910. Resistance is up at $0.5996, with more support around $0.5885. Data from New Zealand contained some unwelcome news on inflation as food prices rose 0.7% in July to be up 5% on a year earlier, with butter alone rising 42% and cheese 30%. There were also sharp increases in electricity costs, petrol, air travel and holiday accommodation. One bright spot was a slowdown in rents, which account for a large slice of CPI. With the economy sluggish and plenty of spare capacity on the supply side, analysts still assume the Reserve Bank of New Zealand will cut rates again when it meets next week. Markets imply a 95% chance of a quarter point reduction in the official cash rate to 3.0%, and perhaps one further move to a floor of 2.75% early next year. Attention will be on its outlook for the economy and whether the path of the OCR is lowered from the 2.9% projected back in May, which is seen as the lower end of neutral. "Higher food prices and continued increases in administered costs like rates, mean that inflation is likely to rise to around 3% before the end of this year, higher than the RBNZ had previously forecast," noted Kelly Eckhold, chief NZ economist at Westpac. "We don't expect a significant change in the RBNZ's OCR profile, which is still likely to indicate a chance of a further cut in November," he added. "Beyond this meeting a data-dependent easing bias seems likely." Jarrod Kerr, chief economist at Kiwibank, thinks the RBNZ will be more dovish and lower the OCR floor to 2.75% or even 2.6%. "The weakness in the economy demands stimulus," he said. "With all the risks offshore, and the pain still felt onshore, there's a good argument to be made for taking policy into stimulatory territory ASAP. An argument that is growing in support." (Reporting by Wayne Cole; Editing by Sam Holmes)
Time of India
2 days ago
- Time of India
Powerball Numbers: Jackpot climbs to $565 Million, next draw date and post-tax payout revealed
The Powerball jackpot has surged to an estimated $565 million ahead of Saturday night's draw, marking the largest lottery prize of the year so far. The prize has crossed the half-billion-dollar mark after weeks without a jackpot winner, generating heightened anticipation among players nationwide. The winning numbers in Wednesday's draw were 4, 11, 40, 44, 50, and the red Powerball 4. No ticket matched all six numbers, pushing the top prize higher for the upcoming draw. Two Payout Options for the Powerball Winner If a Powerball winner emerges in the next draw, they will be faced with two payment options: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This new air conditioner cools down a room in just seconds News of the Discovery Undo Annuity option: $565 million spread over 30 annual installments. Cash option: A one-time lump sum estimated at $258.8 million. Historically, most winners opt for the cash payout, which offers immediate access to the prize but at a reduced amount after taxes. Tax Deductions on Lump Sum Payout If the lump sum route is chosen, the mandatory 24% federal tax withholding would immediately reduce the $258.8 million payout to about $196.7 million. Live Events The Internal Revenue Service (IRS) could then impose a federal marginal tax rate as high as 37%, depending on the winner's taxable income, cutting the amount further to an estimated $163 million. Impact of State Taxes The winner's state of residence will also influence their final take-home amount. Some states, such as New York, impose additional taxes on lottery winnings at rates as high as 10.9%. Others, including Texas, Florida, and California, do not levy state income taxes on lottery prizes. For winners in high-tax states, the final payout could shrink substantially. In low- or no-tax states, the post-tax amount will remain closer to the federal-adjusted figure. Annuity Payments and Tax Implications If the annuity option is chosen, the winner would receive around $18.8 million annually before taxes. At a 37% top federal rate, the annual payment could drop to approximately $11.8 million. State taxes, if applicable, would reduce this amount further. While the annuity offers long-term security and the full advertised jackpot over time, the cash option remains more popular among winners seeking immediate access to funds. Next Draws: Powerball and Mega Millions The next Powerball jackpot draw is scheduled for Saturday night. A day earlier, the Mega Millions lottery will hold a draw for a $198 million jackpot. Odds of Winning Remain Extremely Low The likelihood of hitting the Powerball jackpot is 1 in 292.2 million, marginally worse than the Mega Millions jackpot odds of 1 in 290.4 million. Earlier this year, Mega Millions adjusted its format, slightly improving the odds for both the jackpot and smaller prizes. Record-Breaking Background The current jackpot surpasses the $526.5 million Powerball prize claimed in California in March. The largest Mega Millions jackpot in 2025 was $349 million, won by an Illinois resident, also in March. Last year's biggest lottery prize was a $1.326 billion Powerball jackpot, claimed by a ticket buyer in Oregon. FAQs How much would the Powerball winner take home after taxes if they choose the lump sum? If the winner takes the $258.8 million lump sum, federal taxes would reduce it to about $163 million. Additional state taxes may further lower the amount. What are the odds of winning the Powerball jackpot? The odds of winning the jackpot are approximately 1 in 292.2 million.
Time of India
3 days ago
- Time of India
How to play Powerball? Jackpot soars to $526 million for August 13 draw
The Powerball jackpot has surged to an estimated $526 million, offering a $241 million cash option for Wednesday's drawing. Tickets, priced at $2 each, are available in 45 states, including Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Players can choose numbers or opt for a quick pick. The Powerball ticket purchase deadline varies by state, so one shouldn't wait until the last minute. In New Jersey, sales close at 9:59PM on the day of the drawing, while in New York, the cutoff is 10PM. (Image Credit: X) Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Powerball jackpot has soared to an estimated $526 million, with a cash option of $241 million, ahead of Wednesday night's (August 13) drawing. Powerball drawings are held three times a week - Monday, Wednesday, and Saturday at 10:59PM ET - with the Monday drawing added in 2021 to give players more opportunities to Powerball ticket purchase deadline varies by state, so one shouldn't wait until the last minute. In New Jersey, sales close at 9:59PM on the day of the drawing, while in New York, the cutoff is tickets cost $2 each, with an optional Power Play for an additional $1, which can multiply non-jackpot prizes by up to 5x (except for the jackpot and Match 5), and up to 10x if the jackpot is under $150 player chooses five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red Powerball. A quick pick option is also available by the lottery machine which randomly generates range from $4 for matching only the Powerball to $1 million for matching all five white balls (except in California), and the jackpot for matching all six is available in 45 states, along with Washington, DC, Puerto Rico, and the US Virgin Islands, making it one of the most widely played lottery games in the United tickets can be bought in person at gas stations, convenience stores, grocery stores, and some airport tickets can be purchased online through the Jackpocket app in select states: Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Texas, Washington DC, and West Jackpocket app lets players choose their game and numbers, place orders, view tickets, and collect winnings directly from their phone or home computer, providing a convenient digital alternative to in-person purchases.
