Winning Powerball Numbers for June 7, 2017: $375 Million

This is getting to be big. Giant. Huge, even. The Powerball jackpot for Wednesday, June 7, was $375 million. We've gone weeks without a grand-prize winner, and guess what? It happened again. The jackpot was untouched yet again, so it now stands at a whopping $435 million. Yes, it's approaching the half-billion mark for the next draw, which takes place on Saturday, June 10.

Here are the numbers for June 7, 2017:

White Powerball: 5, 21, 57, 66, 69, and Red Powerball 13. Lucky 13. Did you win anything?

There was one Match 5 winner, the ticket sold in North Carolina is worth a cool $2 million; in addition, three Match 5 winners are each $1 million richer this morning. Those tickets were sold in California, Pennsylvania, and Rhode Island.

Now $435 million might seem minuscule compared to the January 2016 record Powerball jackpot, which was worth nearly $1.6 billion, but it's nothing to sneeze at, is it? (The billion-dollar-plus prize won in the Jan. 13, 2016, drawing was the largest lotto jackpot awarded in U.S. history and was split by three winners. In the summer of 2016, a New Hampshire player won a $478 million prize.)

Do you like your chances? You have better odds of hitting the jackpot if you let the computer pick your numbers. The Multi-State Lottery Association, which operates the Powerball game, says about 75 percent of winning tickets are chosen by a computer.

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The lottery game is played in 44 states, plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Powerball draws can be seen on hundreds of TV stations nationwide. It may also be available on cable or your mobile device. The draws are also posted on YouTube and on our site.
Want to know where to get your lucky tickets? Click here for the Texas lottery retailer database. You've got to be in it to win it, as they say.

Claiming, Safeguarding Winnings
So, what should you do if you win the big prize? Many lottery winners hire an attorney, financial planner, or both, since most people don’t exactly know what to do when they suddenly come into so much money. Some even bring their lawyer with them to claim their prize. The lottery does not offer any counseling services or advice for winners.

You have two choices when you claim your prize: the full value paid in 30 installments over 29 years, or a one-time lump sum that is smaller than the actual total. Then there are the taxes. The federal tax on lottery winnings is 25 percent. Then, any extra income taxes like state or city would apply.

Financial experts say that if you can get more than a 3 or 4 percent return on an investment, the lump sum is actually the best way to go in the long term.

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(Patch Editor Deb Belt contributed to this story.)

— Image: Powerball.com