The winning $700 million Powerball numbers announced




(RNN) – The winning numbers in the $700 million Powerball lottery are 06-07-16-23-26, and the Powerball is 04.

The Powerball drawing show is broadcast live from Tallahassee, FL. It is uplinked to more than 125 television stations across the U.S., the Powerball web site says.

Tickets cost $2, but many were  plunking down well more than that for a chance to win. The reason the jackpot is so large is that no one has won since June 10.

Powerball drawings are held Wednesday and Saturday at 10:59 p.m. ET.  The Powerball site can be reached here. If there are no winners on Wednesday night, the jackpot would reach $1 billion, ABC News says. If someone wins, the jackpot will drop back down to $40 million.

There was no winner last Saturday, so the Powerball jackpot increased to $700 million. The massive prize is still less than half the all-time biggest jackpot, the incredible $1.6 billion Powerball that was split among three winners in January 2016.

Here’s a little financial planning help in case you beat the 1-in-292,201,338 odds: If you take the lump sum payment of $443.3 million, after the upfront federal tax hit, you’d walk away with between $300 million and $332 million depending on local taxes, according to lottery site USAMega.com.

If you take the annuity, which gives you 30 payments over 29 years, your take-home pay would be somewhere between about $15.5 million and $16.4 million a year, give or take a few hundred grand, depending which state you live in.

Ticket expiration dates vary from 90 days to a year, depending on the selling jurisdiction. The expiration date is often listed on the back of the ticket, the Powerball site adds.

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