Floridians spent more than $34M on Powerball tickets over 10 days - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 3, 2022 Newswires
Share
Share
Post
Email

Floridians spent more than $34M on Powerball tickets over 10 days

NBC - 8 WFLA (Tampa, FL)

TAMPA, Fla. (WFLA) — In the days leading up to the most recent Powerball drawing, Floridians spent millions. During October's final two days, lottery players ramped up their ticket buying, then slowed down after the winning numbers eluded them.

From Oct. 23 to Nov. 1, just 10 days, Floridians spent $34.4 million on tickets, hoping to eke out a win. None of them succeeded, and the jackpot rose to over $1 billion.

Of the more than $34.4 million spent on tickets, the biggest portion was just the day before, and, Halloween. Collectively, Florida lottery purchases totaled $4.6 million on Oct. 30 and nearly $21 million on Halloween itself.

The jackpot remained unclaimed, and ticket purchases on Nov. 1 dropped to $8.6 million. Here's how the Florida Lottery said Powerball sales went day-by-day.

* 10/23/22 - $13,468.00

* 10/24/22 - $21,670.00

* 10/25/22 - $17,961.00

* 10/26/22 - $27,850.00

* 10/27/22 - $47,226.00

* 10/28/22 - $62,624.00

* 10/29/22 - $114,195.00

* 10/30/22 - $4,578,528.00

* 10/31/22 - $20,967,879.00

* 11/01/22 - $8,602,247.00

The most recent Powerball numbers were: 13, 19, 36, 39, 59, and a Powerball of 13.

Currently, the cash value of Powerball, if won, is $596.7 million, from the $1.2 billion jackpot estimate for the Wednesday drawing. The jackpot is set for a 3X multiplier right now. Should the winning ticket get pulled, Floridians would have the choice of lump sum or annuity to collect their winnings.

Lottery tracking site USAMega put together an estimate on the annuities based on the current jackpot, showing that by the end of 30 years, winners who pick the annual route will end up with $757.11 million after taxes, for Floridians. The site notes that their winnings estimate "shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery."

The federal tax rate on incomes over $500,000 is 37%. In Florida, there is no income tax, including on lottery winnings.

Here's the annuity breakdown put together by USAMega.

Older

Will 39th try be the charm for Powerball hopefuls?

Newer

Powerball jackpot jumps to $1.2 billion after no winner on Halloween

Advisor News

  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
  • Navigating client communication in a digital age
More Advisor News

Annuity News

  • Farm Bureau P&C insurers post first underwriting gain since 2021
  • Legacy Marketing, Malibu Life launch two fixed indexed annuities
  • Changing client priorities are reshaping annuity conversations
  • Solen Software acquires annuity software provider Cooperative Technologies
  • MassMutual Expands Lending Options With New Secured Credit Line
More Annuity News

Health/Employee Benefits News

  • HEALTHCARE SHOULDN'T REQUIRE A MAP
  • BOSTON ENCOURAGES RESIDENTS TO APPLY FOR HEALTH INSURANCE DURING OPEN ENROLLMENT SEASON
  • How Illinois retirees can compare the tradeoffs
  • Texas insurer drops Medicare Advantage, drug plans
  • Researchers at University of South Florida Release New Data on Managed Care (Graduate medical education funding and hospital quality: A longitudinal analysis of 881 teaching hospitals): Managed Care
More Health/Employee Benefits News

Life Insurance News

  • AM Best to Present and Participate at 2026 Shanghai International Reinsurance Conference
  • Agents often missing from the loop on life, LTC insurance rate increases
  • Meiji Yasuda Life Insurance Company Trademark Application for “PEACE OF MIND, FOREVER” Filed: Meiji Yasuda Life Insurance Company
  • SoFi and Prudential Financial team up to expand access to life insurance
  • Group 1001 Companies Secure $120,000 for Habitat for Humanity of Boone County Through Federal Home Loan Bank of Indianapolis Match
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.