powerball 08/23/17

Powerball Numbers for 08-23-2017

The winning Powerball numbers for this drawing can be found below. You can also view detailed prize payout information to see if you are a winner.

  • 6
  • 7
  • 16
  • 23
  • 26
  • 4

The final jackpot for this Powerball drawing was $758.7 Million . There were 1 jackpot winners, and a total of 9,397,724 players won prizes ranging from $4 to $2 Million!

Prize Payouts

These are the prize payouts for all states that play Powerball combined, along with the prize values for each prize tier, with and without the “Power Play”.

Powerball Payouts for 08-23-2017
Category Prize Per Winner Winners Prize Fund
Match 5 plus Powerball $758,700,000.00 1 $758,700,000.00
Match 5 $1,000,000.00 34 $34,000,000.00
Match 4 plus Powerball $50,000.00 331 $16,550,000.00
Match 4 $100.00 7,790 $779,000.00
Match 3 plus Powerball $100.00 17,884 $1,788,400.00
Match 3 $7.00 428,330 $2,998,310.00
Match 2 plus Powerball $7.00 327,019 $2,289,133.00
Match 1 plus Powerball $4.00 2,261,486 $9,045,944.00
Match 0 plus Powerball $4.00 5,130,219 $20,520,876.00
Match 5 (with Power Play) $2,000,000.00 6 $12,000,000.00
Match 4 plus Powerball (with Power Play) $200,000.00 62 $12,400,000.00
Match 4 (with Power Play) $400.00 1,311 $524,400.00
Match 3 plus Powerball (with Power Play) $400.00 2,834 $1,133,600.00
Match 3 (with Power Play) $28.00 68,584 $1,920,352.00
Match 2 plus Powerball (with Power Play) $28.00 50,186 $1,405,208.00
Match 1 plus Powerball (with Power Play) $16.00 339,904 $5,438,464.00
Match 0 plus Powerball (with Power Play) $16.00 761,743 $12,187,888.00
Totals 9,397,724 $893,681,575.00

The single winning jackpot ticket matching 5 main numbers and Powerball was purchased in Massachusetts.

View the winners and prize payout information for the Powerball draw on Wednesday August 23rd 2017

Winning Powerball Numbers For Wednesday, August 23, 2017: $700 Million Jackpot

The $700 million Aug. 23 Powerball prize would be the second-largest win in U.S. lottery history, officials say. How much is the tax bill?

    Deb Belt , Patch Staff

The Powerball jackpot has climbed to the second-largest prize in the game’s history: an estimated $700 million for the Wednesday, Aug. 23, drawing. The cash payout will be roughly $443.3 million. If the winning ticket is purchased as an annuity, the estimated $700 million jackpot prize will be paid out over 30 years in varying amounts, the average payment would be $15,458,333.

The winning Powerball numbers for Wednesday, Aug. 23, are: 6-7-16-23-26, plus the Powerball of 04. Find out where you can buy your Powerball tickets here, via the Maryland Lottery.

Maryland has one of the highest tax rates on lottery winnings at 8.75 percent for in-state residents, and there are a few things you should know, courtesy of USAMega:

  • If you opt for the annuity option, you receive 30 average annual payouts of $15,458,333. But Uncle Sam takes an average of $5,833,333, and Maryland takes an average of $2,041,667. The first year’s payout would net $6,980,103 and payments would increase until you net $463,749,990 over 30 years.
  • If you opt for the lump sum cash payout, as most do, then you’re being awarded $443,300,000. That’s before federal taxes take $110,825,000 and state taxes take another $38,788,750. Then your $700 million jackpot winning ends up being $293,686,250.

Powerball Is Over $700 Million: Here’s Why You Shouldn’t Be Impressed

Powerball drawings are held every Wednesday and Saturday at 10:59 p.m. Eastern time. The record in the game was a $1.6 billion drawing in January 2016, which was shared by three winners in Florida, Tennessee and California. And five months ago, on Feb. 22, a lucky player in Indiana won the $435 million Powerball jackpot, the 10th largest in the game’s history.

The largest three Powerball jackpots ever are:

  • $1.6 Billion — January 2016
  • $590.5 Million — February 2013
  • $587.5 Million — November 2012

But is the money spent worth the long odds? According to the Powerball website, the chances of winning the jackpot are 1 in 292,201,338. But is your investment worth those astronomical odds? Between taxes and the possibility of sharing the prize, as well as the infinitesimal likelihood of snagging the cash, Business Insider says it’s a losing proposition.
The website uses the probabilities and prize amounts to calculate the expected value of a $2 ticket. For example, winners who take the lump sum lose out on interest earned if they take payments for years, so the expected value of a ticket drops below zero, to -$0.52. You can delve into the odds of winning, and see if you still want spend $2 per ticket, on Business Insider.
The Powerball game is played by matching all five white balls in any order and the red Powerball number. The odds of picking the correct Powerball grand prize numbers are one in 292,201,338.
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The January 2016 record Powerball jackpot was worth nearly $1.6 billion. But Americans will still drop by the nearest convenience store with dreams of cash and buy a ticket.
The billion dollar-plus prize won in the Jan. 13, 2016, drawing was the largest lotto jackpot awarded in U.S. history and was split by three winners. In the summer of 2016, a New Hampshire player won a $478 million prize; the June 10 win of $447 million was the eighth largest jackpot in the game’s history.

If you still want to take a chance — someone has to win, right? — you have a better chance of hitting the jackpot if you let the computer pick your numbers. The Multi-State Lottery Association, which operates the Powerball game, says about 75 percent of winning tickets are selected when the numbers are chosen by a computer.

The lottery game is played in 44 states plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Powerball draws can be seen on hundreds of TV stations nationwide. It may also be available on cable or your mobile device. The draws are also posted on YouTube and on the Powerball site. Where to watch the Powerball drawing on TV.

Claiming, Safeguarding Winnings

So, what should you do if you win the big prize? Many lottery winners hire an attorney, financial planner or both, since most people don’t exactly know what to do when they suddenly come into so much money. Some even bring their lawyer with them to claim their prize. The lottery does not offer any counseling services or advice for winners.

You have two choices when you claim your prize: the full value paid in 30 installments over 29 years, or a one-time lump sum that is smaller than the actual total.

Then there are the taxes. The federal tax on lottery winnings is 25 percent. Then, any extra income taxes like state or city would apply.

Financial experts say that if you can get more than a 3 or 4 percent return on an investment, the lump sum is actually the best way to go in the long-term.
»Patch file photo

Winning Powerball Numbers For Wednesday, August 23, 2017: $700 Million Jackpot – Annapolis, MD – The $700 million Aug. 23 Powerball prize would be the second-largest win in U.S. lottery history, officials say. How much is the tax bill? ]]>