We try to keep things updated, but consulting an attorney is the best idea to manage your funds. All Rights Reserved. It may be for some charity or donation. Powerball's top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. And, if you would like to learn more about strategies that actually work, take a glimpse at our in-depth, 1XBet Casino Bonus Every Day: Crack the Safe and Win Apple Watch, Discover New Games With Everygame Casino: Win Up to $100 Weekly, Poker Episodes at Betsafe Casino: Get Your Share Of 200.000, USA Bingo Room at CyberBingo: Buy 6 Get 3 Free Offer, Powerball Jackpot Online: Hurry Up to Get Up to $131 Million. The largest jackpot ever won was a $1.6 billion prize in January 2016. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. As an introduction to this Powerball jackpot analysis, you may learn a great deal more about the US lottery. Enter the state where you purchased your ticket to see how much more is taxed. Lowest and Highest Powerball Jackpot. Year. The drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. 10X Multiplier comes into play when the jackpot prize is less than $150 million. If you take the annuity and die before the payments have finished, the remaining money gets paid to your estate. Jackpot Analysis. Sat, Mar 04, 2023 @ 12:00 AM. It also calculates the amount of federal tax, state tax, and the final payout. Monday night's win was the first Powerball jackpot win since Nov. 19. Heres what you need to know about taxes on Powerball jackpots, See how much money youll get in every annual installment if you choose an annuity payment, This is how much money youll take home if you opt for a cash jackpot payment. This payout inclusion in Powerball increases the overall chance of winning. State taxes could also be due, depending on where the ticket was purchased and where you live. 12 12 times. Avg. The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less. Players must be 18 or over to participate in online lotteries. Lump-sum payment after tax. Stacey Sager has more. State tax rate, amount. Minimum payout is $4 if you match one white ball with Power ball or match only Power ball. Here we are going to analyze the jackpot of Mega Millions. Select a state to view the Jackpot Analysis for Powerball and MEGA Millions including the following information: Current jackpot amount, cash option lump-sum amount. Simon has been conducting research and attending Expos in the iGaming industry for a good few years now. In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. The installment will increase by 5% each year. In this section you can find out about the current size of the PowerBall lottery jackpot. Here for the Jackpot amount, you always fall on a 37% tax category. Whenever you choose annuity rather than cash amount in the Powerball lottery then you need a clear information about how much money you are going to get each year. So to help you in this situation, I have created this software to calculate the jackpot amount for you. Its worth mentioning that winners can choose between having the cash all in one go or by selecting an annuity, where they get paid yearly for 30 years with a 5% interest rate. Despite the sizeable share that goes to taxes, the windfall would be more than most people see in a lifetime. $754.6 million, Powerball, Feb. 6, 2023 (one ticket, from Washington), 10. Have a breaking news tip or an idea for a story we should cover? Saturday night's 01/28/23 Powerball jackpot was worth $572 million, with a cash-value option worth $308.9 million. Within this Powerball Jackpot analysis, we take a look at the history, winners and Mega Millions rivalry. The US Powerball costs $2 per play. I have set the Federal tax to 37% because of the jackpot amount. Generally speaking, the first call should be to an attorney experienced in assisting lottery winners, experts say. * Please Note: In addition to federal and state tax, some cities and counties may also levy an additional local income tax, which will be applied on top of all other tax. Next Jackpot $161,000,000. Two were purchased in Nassau County: one at Barefoot Peddler on Glen Cove Road in Greenvale, the other at Farmingdale Petroleum on Oyster Bay Road in Hicksville. The headline prize climbed . -$581,587.45. Your chance of hitting either game's jackpot with a single ticket is miniscule. The smallest Mega Millions advertised jackpot is worth $40 million. Set A Time Limit Keep To A Budget Gamble Responsibly - Minimum gambling age is 19 for the residents of Canada. Powerball Jackpot Analysis. Assuming you were like most winners and chose the cash option, a 24% federal tax withholding would reduce the $782.4 million by $187.8 million. Powerball Analyzer. The payouts are graduated so they increase 5 percent year-on-year. Check the Lottery news for winning numbers and winners. Frequency of single numbers (Main Ball) 68 15 times. Tom Sizemore dead at 61 after suffering brain aneurysm, ABC7 New York 24/7 Eyewitness News Stream, New York state lottery drawings live daily at 2:30 p.m. and 10:30 p.m. and Wednesdays and Saturdays at 8:15 p.m, Woman pleads guilty to stealing cousin's $1 million New York State Lottery jackpot, Download the abc7NY app for breaking news alerts. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket, from Michigan), 7. The number of Multi-Draws or Advance Plays available for purchase is dependent on the selling jurisdiction. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. Jackpot Amount 5.0. Thus, online lottery operators such as theLotter or Lotto Agent, act as the middleman to help you participate. It is not endorsed by or affiliated with any state, multi-state or national lottery provider. POWERBALL AND MEGA MILLIONS LOTTERY RESULTS. The top federal income tax rate is 37% and this year applies to income above $539,900 for individual tax filers and $647,850 for married couples. In case you didnt know already, the Powerball was first known as Lotto America. Powerball Cash Option amount will be paid at the time of claim. A Division of NBCUniversal. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. One is cash payment, and that is a simple method to get your full Jackpot amount at once. More from Personal Finance:What the debt limit standoff means for youHere's how to have a happy retirementThese year-end tax moves may help you save. Media: You may freely use any information on this page, but you must credit usamega.com. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. decimal places). By reaching out to the online lottery sites, youll find that you can pretty much play the US Powerball, as well as other lotteries worldwide, siting in your living room. The annuity option may not be as attractive for older players, but it does guarantee a very healthy income for the next three decades. The concept is intriguing and certainly makes the Powerball a more universal lottery. That would translate into $289.5 million going to federal coffers in all, leaving you with a cool $492.9 million. We stop selling Powerball tickets at 10 pm on draw nights, so make sure to get your tickets early. Check out a payout analysis of the current Powerball jackpot below. For Mega Millions, it's 1 in 302 million and for Powerball, 1 in 292 million. Is the Smithsonian Institution in Washington, D.C. a small building? That winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history. of draws 156. The cash option, which most jackpot winners choose, is $215.2 million for Powerball . Following chart shows you the list of power play prizes. A Division of NBCUniversal. While the top winner was not from the Tri-State area, officials say three tickets worth $1 million each were sold in New York. 33 10 times . State Tax:- State taxes in the US varies between 0% to 10% and is independent of payout value. Next year, the top rate is imposed on income above $578,125 (individuals) and $693,750 (married couples). Meanwhile, Mega Millions' jackpot is $119 million, or $57.7 million in cash, according to the Mega Millions website, for Friday night's drawing. Jackpot winners who choose an annuity payout will receive their winnings over the next thirty years. Whats so loved about both the Powerball and Mega Millions lottery is the no-cap limit. Send it to Eyewitness News using the form below. The first part of the annuity you will get right away when you claim your jackpot and the next 29 amounts you will get for the next 29 years. And an analysis of jackpot payouts by Annuity payments and Cash Lump Sum. Each play is $2. Powerball is a multi-state lottery game that regularly offers jackpots worth hundreds of millions of dollars. Within this Powerball Jackpot analysis, we take a look at the history, winners and Mega Millions rivalry. If you matched some numbers, then you can check how much payout you are going to get on the payout page. Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower. Your total tax liability is around 40-45% approximately. How much will a New Yorker take home if they win the $1.9 billion Powerball jackpot? You can check it by clicking the button below. All winning tickets must be redeemed in the state/jurisdiction in which they are sold. 35 13 times. jackpot $143 Million. Here for the Jackpot amount, you always fall on a 37% tax category. Thank You for Signing Up for our Newsletter. Powerball lottery result for August 28, 2022, Sunday 's draw is 13, 36, 43, 61, 69, 18. To play Powerball, you must purchase a ticket from a licensed retailer in one of the . Keep Up With the Winning Numbers in Powerball! This function works perfectly for lower-tier prizes but is disregarded should you win hit the jackpot. Correction: The headline on an earlier version mischaracterized the jackpot. The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion pretax if you were to opt to take your windfall as an annuity spread over three decades. Powerball gives you an extra benefit which you might not know. The odds presented here are based on a $2 play (rounded to two There is also a case that more than one people win the Jackpot in same draw then the payout will be shared between winners equally. Gross Annuity Value. First, we will start our analysis with the statistics of single numbers and then we will move forward with paired numbers. Select the number of consecutive drawings you want to play in the Multi-Draw or Advance Play section of your play slip or tell the retailer how many drawings you wish to play. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You still have a 1 in 24.9 chance of winning a prize when the advertised jackpot is $1 billion. The jackpot for the next drawing scheduled for Wednesday is $20 million, according to the lottery's website. In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. These annuity payments you will get if you choose annuity option at the time of buying ticket. In addition, youll need the correct Powerball number as well. The winner also should make a copy of their ticket and store the original in a safe place (i.e., a lockbox or a bank safe deposit box). $131 Million. $2.04 billion Nov. 7, 2022; California. Ask for Power Play with your Powerball purchase! The cash amount is a lump sum amount that you will at the time of claim. This is the case when all of your . For the first time in history, the winning Powerball jackpot ticket was sold at a Vermont retailer, Vermont Lottery officials announced Thursday. But we try to keep it updated always. Match Payout; 5 + PB: 5: $1 Million: 4 + PB: $50K: 4: $100: 3 + PB: $100: 3: $7: 2 + PB: $7: 1 + PB: $4: Only PB: $4: This Payout chart shows the prize amount in 9 different tiers. You might need to pay some local taxes in your region if the government imposes those on you. To get the best outcome for your investment in lottery tickets, then you have . Whether the winner would choose an annuity or the reduced lump sum, taxes would take a big bite out of the prize. If you manage to beat the odds stacked against hitting the Powerball jackpot, don't forget you'll have a silent partner in the win: the taxman. Wednesday, July 6, 2022. There is a Power Play option in this Lottery. Powerball gives you an extra benefit which you might not know. Powerball Jackpot Analysis. There is a second option, which is an Annuity option, and in this, you can get your jackpot amount in 30 installments. Updated: The Match 5 prize with Power Play is always $2 million. You can check state tax for your residing state on Powerball Analysis page. Powerball-MegaMillions.com is an independent service that offers unofficial results and information about games provided by MUSL and other US states. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, from Maryland). What the debt limit standoff means for you, These year-end tax moves may help you save. Super Jackpot Party Slots Machine Jackpot Analysis. Check with your local authority to see if this applies to you. 39 11 times. Mega Millions Jackpot Analysis, Powerball Jackpot Analysis, American Express, Bank Transfer, Bitcoin, Entropay, Ethereum, Maestro, Mastercard, Neteller, Nordea Pay, paysafecard, Postepay, Skrill, Visa, Boleto, CartaSi, Carte Bleue, Diners Club, Discover, ePay.bg, GiroPay, Maestro, Mastercard, Neteller, Nordea Pay, paysafecard, Postepay, Rapid Transfer, Skrill, Sofort, Trustly, Visa. The figure went down in history as the third largest US win ever. Making sensible investments could even lead to an even larger return than the annuity option. And this analyzer will evaluate the jackpot and break it down in thirty parts. Since then, there have been 38 drawings with no grand prize winner. Approximate (lump sum) cash amount is around 60% of the advertised jackpot. There are 5 white balls, from numbers 1-69, and one red Powerball. Year number is also mentioned in each box. Depending on where the ticket is purchased, you get anywhere from three months to a year to claim your prize. Although the US Powerball was launched officially in 1992, the Multi-State Lottery Association was formed at the end of 1987. Lottery officials said in a statement early Tuesday that a single ticket matched all six numbers and that ticket sales pushed the jackpot higher than an earlier $747 million estimate. The Lottery analysis. The Powerball jackpot grows until it is won. Everyone is not going to win a huge amount by matching 5 or 6 numbers in each draw. There might be some regional taxes in your jurisdiction, So you have to pay those taxes separately. Powerball drawings are held every Monday, Wednesday and Saturday at 11:00 pm. You will get the net cash payout of $80.0 Million if you want to. Federal tax is universal in whole US but state taxes are different for each state. It was only a couple of months later in 1988 when the institution initiated the Lotto America. It set a new record for the largest lottery prize of all time when a Californian player won over $2 billion in November 2022. But if you match only few numbers then you have to check Powerball Payout page to know how much you won. jackpot $245.9 Million. The total jackpot could increase depending on the number of . They express the views and opinions of our contributors. . Powerball payout starts from $4, and that can be win by matching one number only. And the maximum amount you can win in current Powerball is the Jackpot Prize. You can check state tax for your residing state on Powerball Analysis page. Powerball costs $2 per play. For this $632.6 million jackpot, each winning ticket is worth an annuitized $316.3 million or $225.1 million cash. This development was huge for both lottery companies with now 47 states offering both Mega Millions and Powerball options. At some places you can choose this after winning the jackpot, So for that information you need to contact the lottery office in your jurisdiction. The initial . Draw History . Additionally, it's worth sharing the news with as few people as possible, experts say. 53 12 times. There are at least two taxes levied on your prize money, Federal tax, and State tax. Powerball is a multi-state lottery game played in the United States. So if you opt this option by paying $1 additional then you can multiply your winning amount by a multiplier. Powerball-MegaMillions.com brings you the winning numbers live today, straight after drawings take place. The Role of Luck in Winning Jackpots: Myth Vs. Last week, a ticket sold in New York matched all numbers drawn to win about $431 million. 15 11 times. We also get your email address to automatically create an account for you in our website. As you may imagine, these were the two giants of the lottery market in the US. Powerball's top prize is $457 million for . Copyright Multi-State Lottery Association. Annuity Payout:- If you choose this option, then you will get the Jackpot amount in 30 installments. $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin), 8. The cash option, however, is driven by ticket sales. When you are choosing the Annuity option, then you should be aware of how much money you will get each year. State Tax:- State taxes in the US varies between 0% to 10% and is independent of payout value. Even if there are more tickets sold in a particular drawing, your odds of winning a prize are the same. The Mega Millions jackpot has reached an estimated $405 million for Friday night's drawing after no ticket matched all six numbers drawn Tuesday. The other $1 million ticket was sold in Lower Manhattan, at Liberty News and Gifts inside the Staten Island Ferry Terminal. WATCH THE POWERBALL DRAWING LIVE ON ABC7NY.COM AT 10:59 PM MONDAY, 2. Did you match some numbers in this recent draw? There are nine different payouts in Powerball lottery of the US. Spin and Win With 1XBET App: Amazing Prizes Are Waiting for You! The Role of Luck in Winning Jackpots: Myth vs. Both prizes available are the amounts before taxes, Powerball said. Watch the Powerball drawing live on abc7NY.com at 10:59 p.m. on Mondays, Wednesdays, and Saturdays. Jackpot wins 5. In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. Data is a real-time snapshot *Data is delayed at least 15 minutes. Those can be an extra burden for you. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, from South Carolina), 4. So if you need all the money at one time to establish a business or a store, then this is a good idea to take full payment at once rather than taking in installments. When you win the Jackpot then how much you are going to get after the taxes. You have to pay the taxes on that amount by yourself. The skys the limit. Powerball jackpots make winners instant millionaires. While some jurisdictions have no income tax or do not tax lottery winnings others impose a top tax rate of more than 10%. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. A federal withholding of 24% would reduce the lump sum by $54 million. If you are already earning much apart from the lottery jackpot winning amount, then you may fall in higher tax rates. The cash value which most big lottery winners choose instead of an annuity for this $620 million jackpot is $446 million. The table below shows the difference between Annuity payments and Cash Lump Sum. And that's the reason to promote the lottery They broke down the prizes in 9 tiers. The amount of tax can be check by the tax calculator above. Powerball is played in 45 states as well as Washington D.C, the U.S. Virgin Islands and Puerto Rico. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois), 6. Deaths of 2 men drugged, beaten after night out ruled homicides, Do not to buy Raspberry Rally cookies from eBay, Girl Scouts say, Activists demand end to Penn Station re-development plan. PowerBall Jackpot Analysis. With the chance of a single ticket hitting the jackpot at about 1 in 292 million, the top prize has been rolling higher through thrice-weekly drawings since Aug. 3, when a ticket in Pennsylvania matched all six numbers drawn to score a $206.9 million jackpot. If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times! All Rights Reserved. View a size of the current PowerBall lottery jackpot. Also, according to the best jackpot site ratings, it has the most user-friendly online facility compared to another jackpots in the US. Can A Roulette Cheat Sheet Help You Win More At The Online Casino? Each took their share of the cash value, which added up to $983.5 million. Federal tax is variable from 10% to 37%. And, more would likely be owed to the IRS at tax time. 56 11 times. All the tax amounts mentioned here are just a rough idea by taking the Jackpot amount is the only source of income. Federal and State taxes might be deducted initially by the lottery and then the remaining amount you will get in your pocket. * Don't forget to pay taxes on your winnings. On Wednesday and Saturday at 10:59 pm Eastern Time. Three lucky players were fortunate enough to win the $1.586 billion prize. Net payout is what you will get after paying all the payments. Reality, Understanding the Legality of Online Casino Gambling, The Dark Side of Jackpot Wins: Coping with the Aftermath, Exploring the Thrills of Online Casino Gambling, Risks and Rewards of Online Casino Gambling. Thus, without being won, the prize keeps on getting bigger, making it a progressive jackpot. Born in a devout Catholic family, his dear mother still believes that he's a sports news journalist. $632.6 Million - Jan. 5, 2022 - CA, WI, 1. As you win a prize, You will need to pay taxes on your winnings. The majority of winners in recent years have opted for the cash lump sum. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. Other professionals also should be brought in to help, including a tax advisor and a financial advisor. Otherwise it is out of the game. There are two options you can choose to get your winnings, One is Annuity and second is cash. Sales cut-off times vary by one to two hours before the drawing, depending on the selling jurisdiction. The first Powerball was drawn on April 19th, 1992. One person from Washington state won the $754.6 million Powerball grand prize on Monday, but two million-dollar tickets were sold on Long Island. The history books show that the largest jackpot win ever to date was in October 2016. If you matched all 6 numbers then you win a Jackpot. Federal Tax:- In the US, Federal tax is dependent on the money you earn or win. We have developed this calculator for you to analyze the Jackpot of Powerball. We have done a full analysis of Powerball Jackpot. And the multiplier is 3 X. The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion pretax if you were to opt to take your windfall as an annuity spread over . We have listed down all the Powerball payouts in a chart. This Analyzer will calculate all 30 installments which you are going to get upcoming 29 years. You can also view the Powerball annuity payout table further down, which details the amount a single winner of the jackpot would receive each year from their lucky win should they choose the annuity option. Once your account is created, you'll be logged-in to this account. Got a confidential news tip? If you choose annuity then you will get the amounts in 30 parts for next 29 years. The US Powerball is the biggest lottery jackpot payout to this date. Some other notable wins include 2019s $768.4 million won by a 24-year-old man in Wisconsin. Top Tips For Playing And Winning Virtual Scratch-Off Cards, The Impact Of The Casino Streamer On The Online Casino Industry. Tuesday, July 5, 2022 . Annuity payment information including yearly payment before and after tax. If you choose annuity payments, then you have to pay all the taxes each year on the gross amount for that particular year. Payout you receive first year will increase by 5% each year. This makes it important for winners to get professional guidance before heading to lottery headquarters. Material 2023 Powerball-MegaMillions.com. But if in your country it is something different, then please calculate your amount according to that. These are the 30 break up of $113 Million Jackpot those you will get each year respectively. This cash amount is going to be the full and final amount paid at once. No. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts), 9. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. Players win a prize by matching one of the 9 Ways to Win. It also works as a tax calculator, so that you can see how much is withheld, whether you want to take the annuity or the cash lump sum. If you were to stack $100 bills, take a look at the heights the money would reach at each estimated jackpot amount. 2023 CNBC LLC. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. Select five numbers from 1 to 52 for the red balls, then select one number from 1 to 10 for the Lotto America Star Ball. Whether it's a small payout or a large one, You have to pay federal and state taxes. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night's drawing. This complete analysis gave you a rough idea about how much tax you might need to pay. The table below shows the difference between Annuity payments and Cash Lump Sum. The full jackpot is for a winner opting for an annuity distributed in one immediate but partial payout followed by additional payments over 29 years that increase by 5% annually. There are two options you can choose to get your winnings, One is Annuity and second is cash. This amount will be less than the actual Jackpot amount because of the tax deductions. The Associated Press contributed to this report. The largest jackpot ever won was a $1.6 billion prize in January 2016. More Jackpots. Before 2010, states would either sell Mega Millions or Powerball lottery tickets. All Rights Reserved. Reality. Get a jackpot analysis of the grand prize to see what you would win after taxes, check out number frequencies and smartpicks to help . The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Not nearly that much, How much a car loan could cost, based on credit score, Free returns at retailers may soon be a thing of the past, Affluent shoppers embrace secondhand shopping. However, on January 31st, 2010, states started buying-in to the idea of the Mega Power Lottery. That amount would be reduced by a 24% federal tax withholding of about $107 million, as well as any state taxes due. We want to hear from you. 1. Meanwhile, the Mega Millions jackpot is at $34 million for Friday night's drawing. Sign up for free newsletters and get more CNBC delivered to your inbox. This option will give you 100% of the advertised jackpot. Mega Millions Jackpot Analysis: Largest Winners. Lottery officials said in a statement early Tuesday that a . Biggest jackpot $2.04 Billion. Analyzing Powerball is not an easy task. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. The chance of winning the top prize in Powerball is 1 in 292 million; for Mega Millions, it's 1 in 302 million. Jackpotfinder is in no way liable for any loses or gains, from wagers placed or other gambling activity, you might encounter as a result of acting on these articles. For you, this is going to get a hectic task to do it by yourself. Jackpot Type Annuity Cash Lump Sum; Jackpot: $20,000,000: $10,800,000: Federal Tax (37% . For our non-Latin speakers, that means the multiplier will sometimes even enhance your ticket by 10 times! Lotto America costs $1 per play. The Powerball Jackpot is always worth at least $20 million and to win it you need to match all six numbers - the five main white balls plus the red Powerball. This increment is because of money inflation rate. We want to hear from you. Nevertheless, the winner would end up with more money than most people see in a lifetime.
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