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Eastern Time (GMT-5:00) | Home -> Forums -> Lottery News -> Powerball lottery jackpot raised to $101 million Powerball lottery jackpot raised to $101 million Powerball: Powerball lottery jackpot raised to $101 millionThe Powerball jackpot continues to gain power. No one hit the jackpot Saturday, but 601,845 players across the nation won a total of more than $5 million in prizes in America's Game. Because no one correctly matched all six numbers in Saturday's drawing the jackpot will grow to an estimated $101 million. The cash option for the Wednesday, March 22nd drawing will be an estimated $47.9 million. The numbers drawn Saturday were 1, 25, 34, 36, 42, and the Powerball was 19. The Power Play multiplier was 2. Five players correctly matched the 5 white numbers and won $200,000. Their winning tickets were purchased in Arizona (1), Iowa (1), Missouri (1), and Pennsylvania (2). One additional lucky player in South Carolina who matched 5 also wisely purchased the Power Play option and multiplied the $200,000 prize by 2 for a total win of $400,000. Twenty-nine players matched 4 white numbers plus the Powerball and won $10,000. Five additional winners at that prize level also purchased the Power Play option multiplying their winnings 2 times for a total of $20,000. More than 130,000 winning Powerball players multiplied their prize by 2 Saturday. They were able to do that by purchasing the Power Play option for one dollar. With Power Play you multiply your Powerball winnings by 2-5 times, except for the jackpot. At the beginning of each drawing a wheel is spun to select that night's multiplier. For a limited time during the current "Power Play 10X" promotion, all prizes (except the jackpot) can be multiplied up to 10 times for the same $1 Power Play cost. Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels. Players purchased more than $26.7 million in tickets between Wednesday and Saturday night. The lotteries sold more than $2 billion in Powerball tickets in FY05. That translates into more than $600 million for worthwhile state projects. Lottery Post Staff We'd love to see your comments here! Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment. 15 comments. Last comment 6 years ago by .
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Member #16902
June 2, 2005
3493 Posts
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| | Posted: March 20, 2006, 1:24 pm - IP Logged | |
A lot of people win the game in PB, but I like it when it continues to roll. I hope it continues to roll until it reaches a cap.
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United States Member #2380 September 17, 2003 2064 Posts Offline | | Posted: March 20, 2006, 1:28 pm - IP Logged | |
I have a feeling that this roll can reach the cap yet again. That might change once North Carolina joins.
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Mcminnville, Oregon United States Member #3070 December 13, 2003 1515 Posts Offline | | Posted: March 20, 2006, 3:27 pm - IP Logged | |
I would like to win this wednesday. I do not think I should continue to build the jackpot for some else. I want the jackpot NOW!-weshar75 | | |
detroit/michigan/usa United States Member #12557 March 11, 2005 36 Posts Offline | | Posted: March 20, 2006, 3:30 pm - IP Logged | |
It really needs to roll over a lot, because when you campare the mega millions cash payout of 40 mil on a 68mil jackpot, and powerball is almost double 101 mil for a cash payout of 47.9 mil. Id like to have the mega millions roll some, much better payout | | |
Palm Harbor, FL United States Member #32753 February 11, 2006 145 Posts Offline | | Posted: March 20, 2006, 3:32 pm - IP Logged | |
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United States Member #2380 September 17, 2003 2064 Posts Offline | | Posted: March 20, 2006, 7:00 pm - IP Logged | |
Currently 390 million. That's only 183 million in cash and 119 as post-federal income tax cash. Same prize in Megamillions is 320 million not that it will get there. Four more rolls of Euromillions will also match the post tax amount.
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Washington State United States Member #34373 February 26, 2006 323 Posts Offline | | Posted: March 20, 2006, 7:21 pm - IP Logged | |
On what is the cap based? How is it determined? I didn't even realize there was a cap until I started reading about it on LotteryPost in the past month. | | |
New Member
United States Member #22295 September 17, 2005 17 Posts Offline | | Posted: March 20, 2006, 9:04 pm - IP Logged | |
Hi, I have been trying to buy tickets from PT Service, but my credit cards are being declined since last friday (I am using the same cards, and my payments are up to date). Anyone else having problems with PTS? I will appreciate your response. Thank you. | | |
NY United States Member #24178 October 16, 2005 2244 Posts Offline | | Posted: March 21, 2006, 2:38 am - IP Logged | |
On what is the cap based? How is it determined? I didn't even realize there was a cap until I started reading about it on LotteryPost in the past month. The cap comes into play whenever the annuity jackpot reaches a previous PB jackpot record. It was enacted about a year and half ago, at which time the highest anuity jackpot that PB had offered was the $315 million that Jack Whittaker took as a cash prize. When PB reached $315 million again the cap came into play for the first time, resulting in a jackpot of $340 million. The recent $365 million jackpot was the second time the cap came into play, when the jackpot again reached the $340 million mark. dvdiva's statement is incorrect. The cap is the maximum amount by which the annuity jackpot can increase, which is $25 million, not the amount of the resulting jackpot. That increase could be limited by the cap on the rollover or by actual sales, which means it can be anything between 365 and 390. Based on previous sales, if an intermediate annuity jackpot is in the $270 to 290 million range we can expect that a subsequent draw will mean about $40 to 50 million cash for the jackpot prize pool, which is enough to increase the annuity value by about $80 to 100 million. Depending on the exact value of the intermediate jackpot, actual sales could push the subsequent annuity value to just under $365 million, slightly more than $365 million, or any amount up to $390 million. For example, an increase of $95 million on a jackpot of $275 million would make the next jackpot $370 million, and if there was no winner the cap would come into play on the next rollover and result in a jackpot of $395 million. While the cap on the rollover is fixed and applies to the anuity value, the increase in the cash value will vary with interest rates. Currently it takes about $12 million in cash for $25 million in annuity value. When the cap is in effect any proceeds in excess of the $12 million that would normally go into the jackpot prize pool go into a bonus prize pool for second place. The bonus will only be paid to second place winners when the jackpot is won. The bonus pool will rollover if there is no winner, and the jackpot would also increase by a maximum of $25 million. FWIW, if the bonus pool has $30 million or more power play is a real sucker's bet.
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Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 19933 Posts Online | | Posted: March 21, 2006, 6:24 am - IP Logged | |
Hi, I have been trying to buy tickets from PT Service, but my credit cards are being declined since last friday (I am using the same cards, and my payments are up to date). Anyone else having problems with PTS? I will appreciate your response. Thank you. Yup, me too. I contacted them and they say they're aware of it and working to resolve it with their credit card company. Apparently not all cards are being rejected, but lots are. Maybe try Betslips.com until it clears up. | | |
NC United States Member #11965 February 23, 2005 1232 Posts Offline | | Posted: March 21, 2006, 12:11 pm - IP Logged | |
So when NC joins the powerball in a couple of months, will the odds get longer like they did when CA joined the mega millions? I haven't heard yet has anyone else heard? | | |
Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 19933 Posts Online | | Posted: March 21, 2006, 2:27 pm - IP Logged | |
I doubt there will be any changes. Sales are doing quite well at the moment. | | |
Washington State United States Member #34373 February 26, 2006 323 Posts Offline | | Posted: March 23, 2006, 12:36 pm - IP Logged | |
On what is the cap based? How is it determined? I didn't even realize there was a cap until I started reading about it on LotteryPost in the past month. The cap comes into play whenever the annuity jackpot reaches a previous PB jackpot record. It was enacted about a year and half ago, at which time the highest anuity jackpot that PB had offered was the $315 million that Jack Whittaker took as a cash prize. When PB reached $315 million again the cap came into play for the first time, resulting in a jackpot of $340 million. The recent $365 million jackpot was the second time the cap came into play, when the jackpot again reached the $340 million mark. dvdiva's statement is incorrect. The cap is the maximum amount by which the annuity jackpot can increase, which is $25 million, not the amount of the resulting jackpot. That increase could be limited by the cap on the rollover or by actual sales, which means it can be anything between 365 and 390. Based on previous sales, if an intermediate annuity jackpot is in the $270 to 290 million range we can expect that a subsequent draw will mean about $40 to 50 million cash for the jackpot prize pool, which is enough to increase the annuity value by about $80 to 100 million. Depending on the exact value of the intermediate jackpot, actual sales could push the subsequent annuity value to just under $365 million, slightly more than $365 million, or any amount up to $390 million. For example, an increase of $95 million on a jackpot of $275 million would make the next jackpot $370 million, and if there was no winner the cap would come into play on the next rollover and result in a jackpot of $395 million. While the cap on the rollover is fixed and applies to the anuity value, the increase in the cash value will vary with interest rates. Currently it takes about $12 million in cash for $25 million in annuity value. When the cap is in effect any proceeds in excess of the $12 million that would normally go into the jackpot prize pool go into a bonus prize pool for second place. The bonus will only be paid to second place winners when the jackpot is won. The bonus pool will rollover if there is no winner, and the jackpot would also increase by a maximum of $25 million. FWIW, if the bonus pool has $30 million or more power play is a real sucker's bet.
. KY Floyd - Thanks so much for your thorough explanation. I really appreciate your posts. It is great to have someone give complete details for those of us who have been only casual players and therefore aren't in the know. And explaining without talking down to us, too, I might add. | | |
New Member
United States Member #22295 September 17, 2005 17 Posts Offline | | Posted: March 23, 2006, 2:15 pm - IP Logged | |
Thank you, Todd.
PTS is still down for me.
I will check this site you mention, I would like to buy some tickets for euromillions.
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