Friday, May 17, 2013
The prize is the third largest in American history, according to lottery officials.
The Powerball jackpot for Saturday's drawing has been raised to become what would be the third-largest jackpot prize in American history. Due to strong sales, the jackpot for Saturday was raised from $475 million to $550 million, with a $350.1 million cash option. It is the second largest prize in Powerball's history. No ticket has had the winning numbers for the past 13 drawings—since early April, according to a Maryland Lottery press release. Maryland has had two winning Powerball tickets since the Maryland Lottery joined the game in 2010. One was a Pennsylvania couple who purchased a ticket in Elkton on Christmas Eve in 2011 that won them $128.8 million. That September, an Abingdon couple won $108.8 million, according to the release. …
Wednesday, January 2, 2013
Slot machine payoff is largest in casino’s history.
- LOCAL CONNECTIONS
- Ben Gross
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Wednesday, January 2
A Maryland man surely has a different perspective on the tax changes the fiscal cliff may bring after winning the largest jackpot in the nine-year history of the Borgata Hotel Casino & Spa on Sunday, according to the Press of Atlantic City. The man, who asked not to be identified, was on vacation in Atlantic City, played a $5 “Wheel of Fortune” slot machine that offered a progressive jackpot, and won $3,843,951. How Stuff Works’ website states that the odds of hitting the jackpot on a three-wheel slot machine are 262,144 to 1. According to the IRS, gambling winnings are “fully taxable, and must be reported on your tax return.” In many cases, casinos will take 25 percent of your winnings for the IRS. While some smaller gambling winnings …
Friday, November 16, 2012
The next drawing is set for Saturday night.
The jackpot for Saturday's Powerball drawing has climbed to $214 million after Wednesday's drawing failed to produce a winner, lottery officials report. The multi-jurisdictional lottery is played in 42 states—including Maryland and Virginia—plus Washington, DC, and the U.S. Virgin Islands. It was almost a year ago that a Maryland resident last won a Powerball jackpot. On Christmas Eve 2011, a Cecil County couple's winning ticket brought them a $128.8 million dollar prize. More recently, one of three winning tickets in March's $640 million Mega Millions drawing was sold at a 7-Eleven in Milford Mill. The largest Powerball jackpot ever—$365 million—came in February of 2006. The lone winning ticket was purchased by eight employees of a Congra…
Tuesday, August 14, 2012
The drawing will take place Wednesday for a chance to win the fourth largest Powerball jackpot since 1992.
Who wants to be a millionaire? The Powerball jackpot bumped up about $20 million today after anticipation built around the jackpot amount, according to a Maryland Lottery official. Spokeswoman Erica Palmisano said as the jackpot exceeded $300 million this morning, people started buying tickets – causing the payout to shoot up to $320 million and making it the fourth largest Powerball jackpot since it began in 1992. “Clearly people are very excited about it,” Palmisano said. “We’re hoping Maryland has a winner.” The odds for winning the pot are about 1 in 175 million, she said, and those odds don't change no matter how many people buy tickets. A 58-year-old Fort Washington man won a $1 million second-tier Powerball prize in May, one of …
Elaine
2:48 pm on Wednesday, January 9, 2013
Yes, let the man enjoy his winnings....if it were you, you sure as hell would't be giving it back to the machine. I would pay off some bills, enjoy a nice vacation, help some folks in need. There is plenty to do with it in addition to saving. As one poster put it, he didn't rob, beg, borrow or steal it, so let him enjoy. Congrats! more ›