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winning powerball numbers for 5/7/16

Powerball Winning Numbers For Saturday, 5/7/16

The jackpot for Saturday’s Powerball drawing is $429.6 million, the ninth largest lotto jackpot in U.S. history. Did you win?

    Ryan Bonner , Patch Staff

Lines were long at New York Lottery retailers across the state Saturday as dreamers waited to purchase a chance at a massive Powerball jackpot.

The winning Powerball numbers for Saturday, May 7’s drawing were 5, 25, 26 44, 66 with a Powerball of 9. The jackpot rose to $429.6 million by the time of the drawing.

A sole jackpot winning ticket was sold in New Jersey.

It’s the ninth largest lottery jackpot in U.S. history and it comes just months after a Powerball jackpot climbed all the way up to a record $1.6 billion.

Two second prize winning tickets worth $1 million were sold for Wednesday’s $348 million drawing. One of those tickets was sold at a Long Island gas station.

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The folks at USAMega.com crunched the numbers for each of the states that participate in Powerball, including New York. After factoring in a 8.82 percent state tax and a 25 percent federal tax, the site’s analysts say if a New York resident happens to pick all of Saturday night’s numbers, he or she would be $178.5 million richer if a lump sum payout were selected. The annuity payout over 30 years would net a New Yorker an average of $9.2 million a year. The total payout over 30 years is estimated at $274.6 million.

Powerball is played in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

The odds of winning the Powerball jackpot are not great: just 1 in 292,201,338.

So, what if you only match a few numbers, what do you win? Here’s the deal:

  • Match 5 numbers and the Powerball number = Jackpot
  • Match 5 numbers, not including the Powerball number = $1 million
  • Match 4 numbers and the Powerball number = $50,000
  • Match 4 numbers, not including the Powerball number = $100
  • Match 3 numbers and the Powerball number = $100
  • Match 3 numbers, not including the Powerball number = $7
  • Match 2 numbers and the Powerball number = $7
  • Match 1 number and the Powerball number = $4
  • Match only the Powerball number = $4

In January, the Powerball jackpot climbed to $1.6 billion, the highest it has ever been. Three people from California, Tennessee and Florida split that big prize.

Powerball Winning Numbers For Saturday, 5/7/16 – Commack, NY – The jackpot for Saturday's Powerball drawing is $429.6 million, the ninth largest lotto jackpot in U.S. history. Did you win? ]]>