Powerball Draw 1444: The Lott reveals how long you will have to wait to receive your $100m if you win the jackpot on Thursday night

A whopping $100 million is up for grabs in Powerball tonight, marking one of the biggest prizes offered in Australia.

The current jackpot, to be drawn on Thursday evening, is the equal fifth-biggest Australian lottery prize and follows four weeks of no division one winners in Powerball.

Lottery officials say there will be a massive demand for tickets, with up to half of Australian adults expected to have entered.

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But have you ever wondered how long it takes to receive your millions after winning the top prize?

Will you have to wait months for your $100 million and just how will all that cash land in your account?

A whopping $100 million is up for grabs in Powerball tonight, marking one of the biggest prizes offered in Australia. Credit: The Lott

The Lott has confirmed that winners will receive their millions 14 days after scooping the jackpot.

That’s two weeks to plan exactly how you’ll spend your winnings, before it is deposited into your account.

The Lott says four things will happen for registered users if they score the winning numbers in Powerball.

What happens if you win Division One?

  1. A representative from The Lott will call you immediately with the good news using the contact number listed in your account.
  2. The Lott will send a letter to confirm your Division One Powerball win — as well as some “congratulatory goodies” to celebrate your win.
  3. The Lott says you’ll then have to wait two weeks to receive your winnings. “You’ll have a two-week provisional period to plan what you’re going to do with your life-changing prize,” The Lott says.
  4. The prize will then be paid into your online account so you can then withdraw the millions to a bank account of your choice.

If you’re concerned about your gambling or the gambling of a friend or family member, log on to Gambling Help Online or make contact via phone on 1800 858 858.

You can access online counselling as well as services in your state or territory and support for family and friends.

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