4/9/2023 0 Comments Icash maryland lotteryThe multi-state Mega Millions jackpot is currently approaching $1 billion, with a lump-sum cash option of $716.3 million. Lottery players disappointed that they did not win all of that cash still have a prime opportunity to play for one of the biggest lottery jackpots of all time right now. But Powerball says 1 in every 24.87 tickets wins a prize, starting at $4. The odds of hitting Wednesday's grand prize was 1 in about 292 million. The Powerball jackpot resets to its starting point of $20 million for Saturday's drawing. The Jan. 20 drawing was the 36th since that last winner, making this the longest jackpot roll in Powerball history. That winning ticket was sold at Minogue's Beverage on Route 9 in Ballston Spa, and was claimed by a Malta man who received a one-time lump sum payment totaling $50,868,332 after required withholdings. The Powerball jackpot had grown since September, when a ticket sold in New York won a $94.8 million jackpot. Any ticket that reaches its expiration date while the state of emergency remains in effect can still be redeemed for up to 30 days after the date that the state of emergency is lifted. Lottery claiming deadlines (typically 182 days) have been extended during Maryland's COVID-19 state of emergency. Lottery winners in Maryland have the right to remain anonymous to claim the prize. "This is a truly exciting day for Maryland as we wait to see who will step forward to claim the jackpot!" "Congratulations to our winners in the Powerball drawing," said Maryland Lottery and Gaming Director Gordon Medenica in a press release. All prize amounts are subject to federal and state tax, the results of which can be seen on the Powerball Jackpot Analysis page at USA Mega. The annuity payments increase by 5% each year. The jackpot winner has the choice to take the $731.1 million paid in 30 graduated payments over 29 years or the $546.8 million lump sum payment. Maryland lottery spokeswoman Carole Gentry said Wednesday night's Powerball win is by far the largest prize in the Maryland Lottery's history, easily outdistancing the $218.6 million share of a $656 million Mega Millions jackpot claimed anonymously by The Three Amigos in the March 30, 2012 drawing. Coney Market will receive a $100,000 bonus from the Maryland Lottery for selling the jackpot-winning ticket. The winning ticket was sold at Coney Market in Lonaconing, which is in Allegany County in the Northwest part of the state, bordering Pennsylvania. The lump sum payout for the single winning ticket is a jaw-dropping $546.8 million. The top prize was adjusted upwards from the initial estimate of $730 million after all proceeds were counted Wednesday night. The lucky numbers for the $731.1 million jackpot were 40, 53, 60, 68, and 69, with Powerball number 22. One Powerball lottery ticket sold in Maryland won the sixth-largest lottery prize in U.S. Updated with retailer that sold winning ticket Jan 21, 2021, 8:09 am ( 65 comments) Share Tweet Copy Link Home › Lottery News › $731.1 million Powerball lottery jackpot won by single ticket sold in Maryland $731.1 million Powerball lottery jackpot won by single ticket sold in Maryland
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