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☆ Inside BlackRock's long journey toward crypto adoption
▼ + stars: | 2022-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

BlackRock's crypto quest. The culmination, and perhaps biggest step, in BlackRock's crypto journey came this summer, when it announced a partnership with Coinbase. Insider's Rebecca Ungarino and Morgan Chittum mapped out Blackrock's long journey toward crypto acceptance, which essentially dates back to an initial memo in 2015. Which is why mapping out BlackRock's journey is so interesting, Rebecca told me. Industry insiders detail a difficult week for the tech industry that saw thousands lose their jobs.

☆ U.S. Powerball lottery jackpot hits record $2.04 billion as another drawing takes place
▼ + stars: | 2022-11-08 | by ( Rich Mckay | ) www.reuters.com time to read: +1 min

ATLANTA, Nov 8 (Reuters) - After hours of delay, Powerball officials on Tuesday morning completed the drawing for a record-breaking $2.04 billion jackpot, potentially ending the suspense for the hordes of Americans who snapped up tickets in hopes of striking it rich. A winning ticket must match all six numbers drawn. Officials of the Multi-State Lottery Commission, which supervises the Powerball drawing, could not be reached by Reuters Tuesday morning for comment. The previous record for a Powerball jackpot was set in 2016 when three ticket holders from California, Florida and Tennessee shared a $1.59 billion top prize. read moreThe current $2.04 billion lottery jackpot ranks as a world record, according to multiple media reports.

Monday night's Powerball jackpot is expected to reach a world-record $1.9 billion, following more than three months of draws without winners, game officials said. No one matched all six numbers drawn in the most recent game on Saturday — white balls 28, 45, 53, 56, 69 and the red Powerball 20. The last winning Powerball ticket was drawn on Aug. 3 by a lucky Pennsylvanian. A lone South Carolina player had the winning ticket of a $1.53 billion Mega Millions game South Carolina in 2018. There were three winning tickets, sold in California, Florida and Tennessee, in a $1.58 billion Powerball in 2016.

☆ U.S. Powerball jackpot soars to record $1.9 billion
▼ + stars: | 2022-11-07 | by ( Rich Mckay | ) www.reuters.com time to read: +2 min

[1/3] A screen advertises the Powerball jackpot of $1.9 billion dollars at a newsstand in New York City, U.S., November 7, 2022. REUTERS/Brendan McDermidATLANTA, Nov 7 (Reuters) - Americans on Monday were lining up yet again to buy Powerball tickets, dreaming of winning a $1.9 billion lottery jackpot that had jumped to a record high after repeated drawings failed to produce a winner. It remained down on Monday afternoon except for a home page listing Saturday's winning numbers and the new jackpot estimate. "Someone has to win," Spencer said after he shelled out cash for two $2 tickets at a Chevron station in east Atlanta. The previous record for a Powerball jackpot came in 2016, when three ticketholders from California, Florida and Tennessee shared a $1.586 billion top prize.

☆ Powerball used to have a jackpot limit. Then it exploded
▼ + stars: | 2022-11-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN Business —The Powerball lottery jackpot is expected to hit $1.9 billion for Monday’s drawing, making it the largest lotto prize ever. But in 1987 when Lotto America, the precursor to Powerball, was introduced, organizers prohibited jackpots of more than $80 million. ”This is a whole new ballgame” Lotto America spokesman Jack Ratigan said at the time. These changes have pushed Powerball jackpots way up. Lotteries are regressive, meaning lower-income groups spend more of their budgets on lottery games than higher-income groups.

☆ The $1.9 billion Powerball jackpot — the largest ever — is up for grabs. Here's the tax bill if there's a winner
▼ + stars: | 2022-11-07 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

Whoever is the next jackpot winner in Powerball will be looking at the largest lottery prize ever awarded. The tax bill will also be pretty impressive. After no one hit all six numbers drawn Saturday, the Powerball jackpot headed higher. The cash option, however, is driven by ticket sales. The top prize has been rolling higher through thrice-weekly drawings since Aug. 3, when a ticket bought in Pennsylvania matched all six numbers drawn to land a $206.9 million jackpot.

☆ The Powerball jackpot is $1.9 billion only if you take the annuity. Here's why the lump sum may be overrated
▼ + stars: | 2022-11-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. "The curse of the lottery losers is very real," said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One of the very first decisions a winner must make — whether to accept the jackpot as a lump sum or as an annuity — often ends up being their downfall, Stoltmann said. The upfront cash option — which most jackpot winners choose — for this drawing is $929.1 million. Still, "over 90% of winners take the immediate lump sum," Stoltmann said.

☆ Higher interest rates from the Fed lead to record Powerball lump sum
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigher interest rates from the Fed lead to record Powerball lump sumCNBC's Robert Frank joins 'Squawk Box' to report how much the eventual Powerball winner will be able to keep.

☆ How much will a New Yorker take home if they win the $1.9 billion Powerball jackpot? Not nearly that much
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow much will a New Yorker take home if they win the $1.9 billion Powerball jackpot? Not nearly that muchCNBC's Robert Frank joins 'The Exchange' to explain why a New Yorker would get about $450 million if they won tonight's Powerball Jackpot of $1.9 billion.

☆ Powerball's $1.9 billion jackpot is the biggest ever—but Mark Cuban and Kevin O'Leary disagree on what to do if you win
▼ + stars: | 2022-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

If you're lucky enough to win Powerball's $1.9 billion jackpot draw — the biggest ever — you'll need to figure out what to do with all that money. Celebrity investors Mark Cuban and Kevin O'Leary have different takes on how to make the most of your winnings, although both advise against spending too much right away. Here's what both Cuban and O'Leary say to do if you win big. What Mark Cuban says to do with the moneyWhen it comes to large jackpots, Mark Cuban, billionaire and judge on ABC's "Shark Tank," says to keep most of the money in the bank, rather than risking it on investments that might not pay off. Winners often choose the lump sum because it can be immediately reinvested.

☆ Powerball's $1.9 billion jackpot is the biggest ever—here’s how much you’d take home in every U.S. state
▼ + stars: | 2022-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

With the Powerball lottery jackpot a record-breaking $1.9 billion, you probably don't have to worry about having enough money if you win. But the amount winners take home differs by hundreds of millions depending on the payout they choose and whether their state taxes the winnings as income. Then there's state taxes, which range from 2.9% to 8.82% for states that levy them. Some states don't tax lottery winnings at all. Note that there are five states that do not participate in the Powerball lottery at all: Alabama, Alaska, Hawaii, Nevada and Utah.

☆ The Powerball jackpot just hit a record $1.9 billion. Here's why people believe they'll win — even when the odds are 1 in 292 million.
▼ + stars: | 2022-11-07 | by ( Aria Bendix | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

The $1.9 billion Powerball jackpot is the largest in history, with the next drawing Monday night. Players are more likely to get killed by fireworks than win the prize, but they still purchase tickets. The Powerball jackpot soared to an all-time high after no winners were declared in three recent drawings. Those who enter have about a 1 in 292.2 million chance of taking home the prize, according to Powerball. While it may seem silly to think that we could actually win the lottery, Americans are quite fond of throwing their hat in the ring.

☆ U.S. Powerball jackpot climbs to record-breaking $1.9 billion
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - An already record-breaking U.S. Powerball jackpot grew to a whopping $1.9 billion one after no one secured a winning ticket in Saturday night's drawing, according to lottery officials. The estimated $1.6 billion that was up for grabs on Saturday had been the largest lotto prize ever offered, Powerball said. To win the big prize, a player must guess all six lucky numbers, including the final "Powerball." The winning numbers drawn on Nov. 5 were 28,45,53,56,69 and the Powerball 20. No one has won the jackpot since Aug. 3, when a lucky ticket holder from Pennsylvania took home over $200 million, according to Powerball.

☆ Powerball jackpot rolls up to record $1.9 billion for Monday drawing
▼ + stars: | 2022-11-06 | by ( Hyder Abbasi | ) www.nbcnews.com time to read: +2 min

The Powerball jackpot now stands at a record $1.9 billion when it rolled Saturday night, after no ticket matched all six drawn numbers — white balls 28, 45, 53, 56, 69 and red Powerball 20. The record jackpot has narrowly edged out the previous high, a $1.586 billion prize won by three ticketholders in 2016. Despite there being no jackpot-winning ticket, more than 10.9 million tickets won cash prizes totaling $102.2 million in the Saturday, Nov. 5 drawing. Monday’s drawing will be the 41st Powerball drawing since the jackpot was last won on Aug. 3 in Pennsylvania. The only other Powerball jackpot run to reach 41 consecutive drawings ended on Oct. 4, 2021, with a $699.8 million winner in California.

☆ Powerball jackpot up to record $1.9 billion after no winner
▼ + stars: | 2022-11-06 | by ( ) www.cnbc.com time to read: +1 min

A record Powerball jackpot grew to an even larger $1.9 billion after nobody won the lottery drawing on Saturday night. The numbers for the drawing were: white balls 28, 45, 53, 56, 69 and red Powerball 20. The website of the California Lottery Association said the next chance for someone to get lucky will be Monday. The new $1.9 billion jackpot is for a winner who is paid through an annuity over 29 years. The Powerball prize keeps getting more massive because of the inability of anyone to overcome the long odds of 1 in 292.2 million and win the jackpot.

☆ U.S. Powerball worth world-record $1.6 billion in Saturday night drawing
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] A digital billboard advertising Powerball’s Jackpot of $1.6 billion is displayed in New York City, U.S., November 4, 2022. REUTERS/David 'Dee' Delgado/File PhotoNov 5 (Reuters) - The U.S. Powerball jackpot that will be drawn on Saturday night is the largest lotto prize ever offered at an estimated $1.6 billion, breaking the previous world record the game set in 2016, according to lottery officials. Players have a 1 in 292.2 million chance of winning the jackpot, and a 1 in 24.9 chance of winning a smaller prize, according to lottery officials. It will be the 40th Powerball drawing since the Aug. 3 win. The longest run in the history of the lottery ended on Oct. 4, 2021, when a California ticket holder won a $699.8 million jackpot after 41 drawings.

☆ The Powerball Jackpot Just Hit a Record $1.6 Billion
▼ + stars: | 2022-11-05 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-powerball-jackpot-just-hit-a-record-1-6-billion-11667593211

☆ Why is the Powerball prize at a record? Thank Fed Chairman Jerome Powell
▼ + stars: | 2022-11-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The current annuity prize is beating the record set in January 2016 when three winners split a prize advertised at $1.586 billion. Each took their share of the cash value, which added up to $983.5 million, $200 million more than cash prize in Saturday’s “record” drawing. That advertised then-record annuity prize was 61% greater than the cash prize. This time, the estimated annuity prize is 104% greater than the cash prize. If it was the same ratio as in 2016, Saturday’s annuity prize would be only $1.26 billion.

Saturday's Powerball jackpot has increased to $1.6 billion — a world record, according to lottery officials. The prize has grown so large because the last time someone won the jackpot was Aug. 3, three months ago. When no one wins, the jackpot rolls over and increases. The biggest prize ever won in the 30-year history of the game was the $1.586 billion jackpot won by people in three states in 2016. A $1.6 billion jackpot’s cash value is $782.4 million.

☆ The $1.6 billion Powerball jackpot is now the largest ever—here are the top 5 so far
▼ + stars: | 2022-11-04 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Once again, a lottery jackpot has crossed the billion-dollar threshold — the fifth time in the past five years — and this one is a world record. Saturday's Powerball drawing now has a jackpot of $1.6 billion, the largest ever, after no winners were announced for Wednesday night's $1.2 billion drawing. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. $1.34 billion (Mega Millions)As mentioned above, the record Powerball drawing is already the second billion-dollar jackpot of 2022. $768.4 million (Powerball)

☆ Read the 9-page pitch deck that music-marketing startup Unlimited Playlist used to raise $2 million
▼ + stars: | 2022-11-04 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

New startup Ultimate Playlist offers daily cash prizes to users who listen to and rate new songs. Ultimate Playlist, which launches on Monday, is a way for artists to know that they will reach listeners. "One key component of Ultimate Playlist is that it isn't anchored by superstars." "As a songwriter, I like the idea of a listener listening to more than 15 seconds of a song," Smith said. Here's the nine-page pitch deck that the Ultimate Playlist used to raise its first funds.

☆ The Fed's interest rate hikes helped make this weekend's $1.6 billion Powerball prize the largest lottery jackpot in US history
▼ + stars: | 2022-11-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

This weekend's $1.6 billion Powerball prize is the largest lottery jackpot in US history. The Federal Reserve's interest rate hikes are a key reason the headline prize is so high. In comparison, the lump sum prize for Saturday's lottery would only be approximately 49% of the $1.6 billion. So in some ways, the Fed is one reason Saturday's headline Powerball jackpot is the highest ever. This week, it surpassed the $1.54 billion Mega Millions jackpot in 2018 and the $1.59 billion Powerball jackpot in 2016.

☆ Powerball's jackpot is $1.6 billion, the largest U.S. lottery prize ever. If you win, here's how much would go to taxes
▼ + stars: | 2022-11-04 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

If you manage to beat the odds stacked against hitting the Powerball jackpot, don't forget you'll have a silent partner in the win: the taxman. The jackpot for Saturday night's drawing is now the largest U.S. lottery ever at an estimated $1.6 billion — pretax — if you were to opt to take your windfall as an annuity spread over three decades. The upfront cash option — which most jackpot winners choose — for this drawing is $782.4 million, also pretax. With the chance of a single ticket hitting the jackpot at about 1 in 292 million, the top prize has been rolling higher through thrice-weekly drawings since Aug. 3, when a ticket in Pennsylvania matched all six numbers drawn to score a $206.9 million jackpot. The cash option, however, is driven by ticket sales.

☆ You Can Thank the Fed for Boosting the $1.5 Billion Powerball Jackpot
▼ + stars: | 2022-11-03 | by ( Imani Moise | Alyssa Lukpat | ) www.wsj.com time to read: 1 min

The Federal Reserve is boosting the Powerball jackpot without even buying a ticket. Since there was no winner in Wednesday night’s drawing, the Powerball prize rose to $1.5 billion, the third-largest lottery jackpot in U.S. history. It is a substantially bigger prize than a year ago, before the Fed began raising interest rates this year to tame inflation. That is because the advertised jackpot is the future value of the prize after being invested in government bonds over 30 years.

☆ With no Powerball winner, jackpot grows to $1.5 billion and closes in on record
▼ + stars: | 2022-11-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: 1 min

Once again, there was no Powerball jackpot winner, and Wednesday’s $1.2 billion prize grew to an estimated $1.5 billion for the next drawing. That closes in on the biggest prize ever won in the 30-year history of the game, which was the $1.586 billion jackpot won by people in three states in 2016. No one on Wednesday matched all five numbers — 02-11-22-35-60 with the Powerball of 23 — game officials announced. The prize has grown so large because the last time someone won the jackpot was Aug. 3, three months ago. The game crossed the $1 billion mark over the weekend, which was the second time it has ever done so.

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