Can you claim the Powerball prize anonymously?
The Powerball jackpot currently amounts to $1.55 billion. If you win this mammoth prize, you could collect your new fortune anonymously in some states.
After not registering a winner since July, the accumulated Powerball purse amounts to $1.55 billion, the third highest jackpot in lottery history.
The winner has two ways to collect the prize: a one-time cash payment, or one much smaller payment, followed by 29 annual payments that increase by 5% each year to account for inflation. If the first option is chosen, the winner will only be able to collect $679.8 million due to the payment of taxes.
While the odds of winning the Powerball jackpot are 1 in 292,201,338.00, there is still that extremely slim chance that your numbers will be drawn. In case luck is on your side and you manage to hit all the numbers plus the red ball, there are certain states that allow you to collect the prize anonymously for security reasons.
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States in which you can claim the prize anonymously
Currently, only 17 states allow you to collect the prize anonymously. In some of them, anonymity would depend on the amount, while in others it doesn’t matter how big the prize is.
READ ALSO: How much tax you’ll pay on the $1.4 billion Powerball jackpot
Many possible ways to win at Powerball
Winning the enormous jackpot is the dream of each person who buys a Powerball ticket, but getting all the numbers right and clinching the main prize is not the only way you can win.
Here are all the possible ways to win in the famous lottery, depending on the number of numbers you get right:
Powerball drawings take place on Mondays, Wednesdays and Saturdays exactly at 10:59 p.m. ET / 9:59 p.m. CT / 7:59 p.m. PT.