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$320 MILLION: Powerball lottery jackpot increased before draw date

PowerballPowerball: $320 MILLION: Powerball lottery jackpot increased before draw date
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Sets record for largest Powerball cash value

By Todd Northrop

As a result of brisker than expected ticket sales, lottery officials announced today that the Powerball jackpot has been raised from $305 million to $320 million for Wednesday's drawing.

The jackpot increase immediately launched Wednesday's drawing to #11 on the United States all-time biggest jackpots list.  It will be the fourth-largest Powerball jackpot ever.  The largest Powerball jackpot ever recorded was $365 million won six years ago.

Even bigger news is the jackpot's cash value — at $213.3 million, it will be the largest ever up for grabs in Powerball history.

With the new Powerball enhancements implemented in mid-January, the game has been redesigned to generate bigger jackpots and more millionaires.

The Powerball jackpot has been growing since Jun. 27 and has rolled 14 times.

The $320 million jackpot estimate could easily be greater than that by the time the drawing takes place Wednesday night, Virginia Lottery Executive Director Paula Otto said, as jackpot hopefuls hit the ticket machines in the hours leading up to the drawing.

"We sell the most tickets the night of the drawing," Ms. Otto said. "It'll be interesting to see if the country's excitement meter has gotten reset after that $600 million jackpot."

In early April, a world record Mega Millions $656 million jackpot captured the imagination of lottery players around the country, as wishful gamblers tried their luck at a slice of the largest jackpot in world history.

If there is no Grand Prize winner Wednesday night, the estimate for next Saturday's Powerball drawing (Aug. 18, 2012) will be greater than $400,000,000 — the largest Powerball jackpot ever.

Powerball tickets are $2 per play, or $3 per play with the optional Power Play option.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, any non-jackpot prize is increased according to a fixed prize schedule, which can be found on the Powerball Drawing Detail page at USA Mega, as well as on the Powerball Prize Payouts page at Lottery Post.

Saturday's Powerball winning number results will be published at USA Mega (www.usamega.com) minutes after the 10:59 pm (Eastern Time) drawing takes place.

Lottery Post Staff

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196 comments. Last comment 2 years ago by Simba774.
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dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
Oklahoma
United States
Member #82391
November 12, 2009
5484 Posts
Offline
Posted: August 14, 2012, 4:00 pm - IP Logged

$320 million sounds good to me.... Wink

I Love Pink & Green 1908

    golfer1960's avatar - images q=tbn:ANd9GcRrT_aqD1AR0JipFSPNrYwpV7HY4uVoKxOgcUYLzZ3SEdif
    Eatontown, NJ
    United States
    Member #119675
    November 29, 2011
    554 Posts
    Offline
    Posted: August 14, 2012, 4:01 pm - IP Logged

    Oh man, ya'll gonna make me lose my mind, up in here, up in here! - DMX

    $320M is outrageous! My stomach is churning and my loins are burning with excitement!

    Alpharetta, Ga mansion

    Yep, that kind of rich!

      weshar75's avatar - Lottery-042.jpg
      Mcminnville, Oregon
      United States
      Member #3013
      December 13, 2003
      2421 Posts
      Offline
      Posted: August 14, 2012, 4:02 pm - IP Logged

      Yes powerball is coming home to Mcminnville, Oregon were it belongs.-weshar75

      US Flag

        dk1421's avatar - Lottery-024.jpg
        North Carolina
        United States
        Member #64582
        September 1, 2008
        332 Posts
        Offline
        Posted: August 14, 2012, 4:09 pm - IP Logged

        I just bought my second ticket. Yeehaw!

        "Don't be a schmuck, always take the cash." -Coin Toss

          hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

          United States
          Member #52345
          May 21, 2007
          1918 Posts
          Offline
          Posted: August 14, 2012, 4:10 pm - IP Logged

          Oh man, ya'll gonna make me lose my mind, up in here, up in here! - DMX

          $320M is outrageous! My stomach is churning and my loins are burning with excitement!

          Alpharetta, Ga mansion

          Yep, that kind of rich!

          tea well...... the powerball just got interesting

          amderdam castle My house when I get that lucky

           

          angel good luck to those playing but I still say its gonna roll over and hit in VA this Saturday angel

          buried treasure


            United States
            Member #131557
            August 13, 2012
            94 Posts
            Offline
            Posted: August 14, 2012, 4:13 pm - IP Logged

            I just bought my second ticket. Yeehaw!

            I already have my tickets. 500 lines worth, purchased yesterday. Not going to buy anymore for this drawing even though I'm tempted to. If it rolls again Wednesday night, I'm going to have to open the wallet again to play for what will be the largest powerball prize ever. 

            If it rolls, I predict a $500,000,000 jackpot

            Banana


              United States
              Member #111446
              May 25, 2011
              6323 Posts
              Offline
              Posted: August 14, 2012, 4:14 pm - IP Logged

              Wonder if this guy is playing for Wednesday's jackpot?

              Hint: He won the Powerball back in 2002 for $315 million, then lost it all.  Crying

               

                ashabug725's avatar - Yavill
                Indiana
                United States
                Member #122873
                February 9, 2012
                322 Posts
                Offline
                Posted: August 14, 2012, 4:17 pm - IP Logged

                Yes powerball is coming home to Mcminnville, Oregon were it belongs.-weshar75

                US Flag

                The good ol Midwest.. southern Indiana!!! although I wouldn't mind sharing with Oregon if the numbers rolled... Heck.. even 1000 would be winning the lottery for me right now.. timing couldn't b any better :)

                I wish I may, I wish I might...
                           Win the Powerball jackpot THIS big night!!!

                  dopey7719's avatar - Lottery-049.jpg
                  Midlands, SC
                  United States
                  Member #69698
                  January 14, 2009
                  302 Posts
                  Offline
                  Posted: August 14, 2012, 4:18 pm - IP Logged

                  Wonder if this guy is playing for Wednesday's jackpot?

                  Hint: He won the Powerball back in 2002 for $315 million, then lost it all.  Crying

                   

                  That's just mean!  LOL

                    hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

                    United States
                    Member #52345
                    May 21, 2007
                    1918 Posts
                    Offline
                    Posted: August 14, 2012, 4:19 pm - IP Logged

                    Wonder if this guy is playing for Wednesday's jackpot?

                    Hint: He won the Powerball back in 2002 for $315 million, then lost it all.  Crying

                     

                    Twitch if hes smart ....hes in deeeeeep hiding

                    buried treasure

                      whiteballz's avatar - Lottery-015.jpg
                      Nutley, New Jersey
                      United States
                      Member #131063
                      August 1, 2012
                      801 Posts
                      Offline
                      Posted: August 14, 2012, 4:22 pm - IP Logged

                      $320 million....this is the kind of jackpot people were hoping for when Powerball bumped the price of tickets to $2 each. The first few months when the jackpot would get up to around $70 million and then get reset seem to be long forgotten right now.

                        ashabug725's avatar - Yavill
                        Indiana
                        United States
                        Member #122873
                        February 9, 2012
                        322 Posts
                        Offline
                        Posted: August 14, 2012, 4:22 pm - IP Logged

                        Wonder if this guy is playing for Wednesday's jackpot?

                        Hint: He won the Powerball back in 2002 for $315 million, then lost it all.  Crying

                         

                        I can't see how anybody can throw that much money away in such a short period of time.. INSANE.. however he may play $2 to try lose it again!! ;-)

                        I wish I may, I wish I might...
                                   Win the Powerball jackpot THIS big night!!!


                          United States
                          Member #111446
                          May 25, 2011
                          6323 Posts
                          Offline
                          Posted: August 14, 2012, 4:24 pm - IP Logged

                          That's just mean!  LOL


                            United States
                            Member #111446
                            May 25, 2011
                            6323 Posts
                            Offline
                            Posted: August 14, 2012, 4:27 pm - IP Logged

                            tea well...... the powerball just got interesting

                            amderdam castle My house when I get that lucky

                             

                            angel good luck to those playing but I still say its gonna roll over and hit in VA this Saturday angel

                            Hmmmm....wonder if hearse is from VA.  What?