What would you do with $1.5 billion? Buy an island? Travel the world? Never work again? It’s a question a lot of Americans have been asking themselves as people purchase more $2 Powerball tickets after no one came up with the lucky winning numbers Saturday.
The next drawing will take place Wednesday at 10:59 p.m. EST. A live stream of the white balls being selected is available online here. Check here to find local TV stations that will air the coverage. Ticket sales are cut off 59 minutes before the drawing in most states, but some states choose to do so earlier.
While it’s possible to purchase all the different numerical combinations, at $2 a ticket that would cost around $584 million, the Associated Press calculated. If a winner is selected Wednesday, almost 40 percent of the prize money will go to taxes with a lump sum take-home payment of approximately $930 million. The other option is to take the winnings annual installments over 29 years.
While there was no single winner in Saturday’s drawing, several people added zeros to their net worth, with a ticket holder in Boston winning $1 million and several in New Hampshire winning $50,000. A record of approximately $23.8 million in sales was generated in Massachusetts alone with Saturday’s drawing, the Boston Globe reported.
The estimated $1.5 billion jackpot is the biggest in U.S. history at double the $656 million awarded in 2012 for three tickets. The prize isn’t the largest in history. Spain has the U.S. beat with $2.4 billion, but that went to thousands of people, USA Today reported.
Forty-four states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands, play the Powerball lottery. The jackpot started at $40 million at the beginning of November.