Saturday’s Powerball Jackpot is estimated at $239 million

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Powerball jackpot has been rebuilding since a California player won the $447 million prize on 10th June. It stands at $239 million for Saturday night’s drawing. However, the cash payout on Saturday, July 29, will be an estimated $151 million. Do you have the winning ticket?

Powerball drawings are held every Wednesday and Saturday at 10:59 pm (Eastern Time Zone). A group of Tennessee workers won top $1.6 billion jackpot in January 2016. In February, a lucky player in Indiana won the $435 million Powerball jackpot as the 10th largest.

A Powerball ticket costs $2. This game is played by matching all five white balls in any order. To pick the top prize, you also need to match the red Powerball number. The odds of picking the correct Powerball grand prize numbers are 1 in 292 million. This game is played in 44 states plus the District of Columbia, U.S. Virgin Islands, and Puerto Rico.

Above all, if you won the top prize, you would get two options to collect the prize money. Either the full value will be paid in 30 instalments over 29 years, or a one-time lump sum amount which will come after the tax deduction. State or city taxes will apply on your winning amount only after the deduction of federal tax. However, the federal tax on lottery winnings is 25 percent.