Humongous Powerball Jackpot Strikes Again

The pressure was building up since the last jackpot, $429.6 million large, was hit on May 7th, 2016. On Saturday 30 July, the latest humongous Powerball jackpot, $478 million in size this time, got picked up by an extremely lucky winner. This is the fifth largest Powerball jackpot in history and the eighth largest jackpot ever won in the United States. The recent race between Powerball and Mega Millions as far as the largest jackpots in the United States goes, has now completely ended. The Mega Millions jackpot fell a few weeks ago, at $540 million. Powerball didn’t quite make it, but scores the 2nd best jackpot of the year. Disappointing? We think not. At any rate, $478 million is quite a tidy sum for one lucky winner!

All that on a Single Ticket!

Humongous Powerball jackpot wonThe jackpot goes to a single ticket holder from New Hampshire who has not yet come forward. It’s not unusual for the winner of a humongous Powerball jackpot to stay in hiding for a while before claiming the prize. It is actually quite typical that jackpot winners consult financial experts on how they should best handle the money. The winner can opt to take the $478 million over a thirty year period, or take the cash payment – $330.6 million in one go. That’s the kind of choice a financial advisor can help a winner make a decision about.

Remember the Most Humongous Powerball Jackpot Ever?

It happened very recent, not even a year ago! The most humongous Powerball jackpot ever was worth almost 1.6 billion and the three winning tickets were purchased in California, Tennessee, and Florida in January of 2016. The couple who bought the winning ticket from California only just came forward last week to claim their share of the prize, worth a stunning $528 million. They opted to take the lump sum cash payout of $327.8 million.

Playing Powerball Online

This winning ticket was purchased from a brick and mortar location, but it very well could have been purchased online. Lottery fans all over the world purchase Powerball tickets online all the time and it’s just as effective. In fact, there are even more advantages to buying tickets online. When you buy a Powerball ticket online, it’s scanned and the scan is uploaded directly to your account, serving as evidence of your purchase. The original is kept locked in a safe until, hopefully, it’s time to claim your prize. The winnings (depending upon the amount) are transferred directly to your account, and you immediately get notified if you’ve won. So, you don’t even have to leave the comfort of your own home to play your favorite lottery.

Let’s Start Over With a Fresh Powerball Jackpot

So, now that the humongous Powerball jackpot fell it’s time to start all over again. The great thing about the US Powerball lottery is that the jackpot starts off once again at a whopping $40 million. That’s nothing to sneeze at. Think of all the things you can do with $40 million. Yes, we’d all rather have $478 million, but for now $40 million will suffice – right or right? So get busy with it and buy your Powerball lottery tickets now!

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