Welcome Guest
Log In | Register )
The time is now 5:59 am
You last visited August 29, 2014, 5:57 am
All times shown are
Eastern Time (GMT-5:00)

$325 MILLION: Powerball lottery jackpot goes through the roof

PowerballPowerball: $325 MILLION: Powerball lottery jackpot goes through the roof
54
Rating:

12th-largest US jackpot ever; 6th-largest cash value

By Todd Northrop

For only the 16th time in the history of United States lotteries, a lottery jackpot run-up has crossed into $300 million+ territory.

The new high-water mark of $325 million for the current Powerball jackpot was achieved after no winning tickets were sold for Wednesday night's $250 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $212.8 million.  After-tax cash and annuity prize amounts are reported state-by-state on the Jackpot Analysis page at USA Mega, a web site devoted to the Powerball and Mega Millions multi-state lottery games.

This is the largest Powerball jackpot since Aug. 15, 2012, when 44-year-old railroad engineer Donald Lawson of Lapeer, Michigan, won a $337 million Powerball jackpot (see Michigan railroad engineer claims $337M Powerball lottery jackpot, Lottery Post, August 31, 2012).

Love it or hate it, Powerball's pricing and prize structure changes that went into effect in January have indeed paid off for those wanting to play for big jackpots.  This is the third $300+ million jackpot Powerball has produced in a single year — the first time any lottery game has accomplished that feat.

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.

The mammoth prize is the result of 14 consecutive draws without a winner.  The run-up started as a $40 million prize on October 6, 2012.

The winning numbers for Wednesday, November 21, 2012 were 8, 18, 24, 30, and 39, with Powerball number 26.

Even though nobody won the jackpot Wednesday, 3 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Georgia, 1 from New York, and 1 from Texas.

Of all the second-prize winners, only the ticket from Texas was purchased with the Power Play option for an extra $1. Because they purchased the Power Play, that particular ticket is now worth $2 million.

46 tickets matched four white numbers plus the Powerball and won $10,000. Of those tickets, 4 were purchased with the Power Play option, increasing the prize to $40,000.

Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised $75 million from its previous amount of $250 million. The cash value was raised by $46 million from its previous amount of $166.8 million.

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.

Powerball is now played in 42 states, plus the District of Columbia and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 11:00 p.m. Eastern Time.  Tickets cost $2 each.

Powerball lottery results are published within minutes of the drawing at USA Mega (www.usamega.com).  The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Saturday's Powerball jackpot currently stands as the 12th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Saturday night, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

If nobody wins Saturday, it's anyone's guess how high it will go.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  3. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  4. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  5. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  6. Powerball: $340 million, Oct. 19, 2005 - Oregon
  7. Powerball: $337 million, Aug. 15, 2012 - Michigan
  8. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  9. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  10. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  11. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  12. Powerball: $325 million, Nov. 24, 2012 - preliminary estimate, not won yet
  13. Mega Millions: $319 million, Mar. 25, 2011 - New York
  14. Mega Millions: $315 million, Nov. 15, 2005 - California
  15. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  16. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  17. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  18. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  19. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  20. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
  21. Mega Millions: $275 million, Feb. 22, 2008 - Georgia
  22. Mega Millions: $270 million, Feb. 28, 2006 - Ohio
  23. Mega Millions: $266 million, May 4, 2010 - California
  24. Mega Millions: $265 million, Apr. 18, 2006 - Ohio
  25. Powerball: $261.6 million, Jun. 2, 2010 - Ohio

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Mega Millions: 12
  • Powerball: 11
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 20 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Powerball jackpot is even better than the annuity, ranking as the sixth-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  3. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  4. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  5. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  6. Powerball: $212.8 million cash, Nov 24, 2012 ($325 million annuity) - preliminary estimate, not won yet
  7. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  8. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  9. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  10. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  11. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  12. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  13. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  14. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  15. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  16. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  17. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  18. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  19. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  20. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey

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.

161 comments. Last comment 2 years ago by LottoBoner.
Page 1 of 11
Avatar
NEW YORK
United States
Member #90537
April 29, 2010
3248 Posts
Offline
Posted: November 22, 2012, 7:52 am - IP Logged

I WILL PLAY THE LOTTERY SOMEDAY TO AVOID THE LOTTERY INSANITY. IT IS OKAY TO DREAM.

I AM A THRIFTY LOTTERY PLAYER BECAUSE I SAVE LINES TO PLAY SOMEDAY.

OUR REGULAR LOTTERY PROGRAMMING.

1) Playing the lottery more often for less lines= Playing a single line.

2) Playing the lottery less often for more lines= Playing multiple lines.

3) Playing the lottery less often for less lines= Playing a single line monthly or yearly.

4) Playing the lottery more often for more lines= Spending more money= Gambling addiction.

SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE OUR LOSSES.

A lottery stop loss limit is very important to be a successful lottery player over the long term.

GOOD LUCK EVERYBODY

    sully16's avatar - sharan
    Listens to the wind

    United States
    Member #81740
    October 28, 2009
    19243 Posts
    Offline
    Posted: November 22, 2012, 8:04 am - IP Logged

    Good luck everyone,

    There's only one US Flag

      Avatar
      md
      United States
      Member #14047
      April 20, 2005
      541 Posts
      Offline
      Posted: November 22, 2012, 8:09 am - IP Logged

      There will be an incredible Christmas here in the State of Maryland when i win this coming Saturday. i have worked on my financial plan for 8 consecutive years, non-stop. I have my tax attorney, financial services firm, accounting firm, MY TEAM, all identified. lol.  But its true.


        United States
        Member #111446
        May 25, 2011
        6323 Posts
        Offline
        Posted: November 22, 2012, 8:14 am - IP Logged

        Will Powerball   Lover's  and  "haters"  Let It All Out  begin to play now in record numbers?

         

        Have many people have already broke their bank, leaving them unable to play until their tax return in 2013?

         

        Who can predict the swelling jackpot if it rolls Saturday?

        Why is it at the end of the year towards Christmas, that these jackpots grow so large?  Big Grin Santa

          Cletu$2's avatar - Lottery-050.jpg
          S.E.Iowa
          United States
          Member #120509
          December 21, 2011
          534 Posts
          Offline
          Posted: November 22, 2012, 8:15 am - IP Logged

          I could live on 325 million dollars.It would be tough,but I could do it!

          When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

          There ought to be one day - just one - when there is open season on senators. ~Will Rogers

            GiveFive's avatar - Lottery-026.jpg
            NY State
            United States
            Member #92611
            June 10, 2010
            2064 Posts
            Offline
            Posted: November 22, 2012, 8:37 am - IP Logged

            Will Powerball   Lover's  and  "haters"  Let It All Out  begin to play now in record numbers?

             

            Have many people have already broke their bank, leaving them unable to play until their tax return in 2013?

             

            Who can predict the swelling jackpot if it rolls Saturday?

            Why is it at the end of the year towards Christmas, that these jackpots grow so large?  Big Grin Santa

            Good questions. 

            The article says "This is the third $300+ million jackpot Powerball has produced in a single year — the first time any lottery game has accomplished that feat."  Of course, people who post here understand that's because of PB's January price increase to 2 dollars.

            I run a lottery pool at work.  (I know...bad idea, but I do it anyway)  We play MM or PB when either of them gets up to over 100 milion.  A guy who regularly partcipates in the pool mentioned to me not too long ago "It seems to me like there's been a lot of big jackpots lately. It seems like we're playing more than we used to."  He's a good guy, and he's liked by everybody in the office.  If it wasnt for the pool, he probably wouldnt buy himself a ticket. Without elaborating, I just said "Yeah, I think that too."

            Winning a Jackpot - unlikely but POSSIBLE!


              United States
              Member #116272
              September 7, 2011
              20244 Posts
              Offline
              Posted: November 22, 2012, 8:40 am - IP Logged

              Does this mean I didn't win the JP last night....... What?


                United States
                Member #111446
                May 25, 2011
                6323 Posts
                Offline
                Posted: November 22, 2012, 8:43 am - IP Logged

                Does this mean I didn't win the JP last night....... What?

                It only means that your a  Turkey


                  United States
                  Member #116272
                  September 7, 2011
                  20244 Posts
                  Offline
                  Posted: November 22, 2012, 8:44 am - IP Logged

                  Will Powerball   Lover's  and  "haters"  Let It All Out  begin to play now in record numbers?

                   

                  Have many people have already broke their bank, leaving them unable to play until their tax return in 2013?

                   

                  Who can predict the swelling jackpot if it rolls Saturday?

                  Why is it at the end of the year towards Christmas, that these jackpots grow so large?  Big Grin Santa

                  The biggest JP ever is by design because of longer odds and higher ticket prices.......


                    United States
                    Member #116272
                    September 7, 2011
                    20244 Posts
                    Offline
                    Posted: November 22, 2012, 8:45 am - IP Logged

                    It only means that your a  Turkey

                    Gobble gobble, gobble gobble.


                      United States
                      Member #111446
                      May 25, 2011
                      6323 Posts
                      Offline
                      Posted: November 22, 2012, 8:47 am - IP Logged

                      Gobble gobble, gobble gobble.

                      LOL  Just for today only.

                                   Tomorrow you turn back into your normal  Hat


                        United States
                        Member #116272
                        September 7, 2011
                        20244 Posts
                        Offline
                        Posted: November 22, 2012, 8:47 am - IP Logged

                        It only means that your a  Turkey

                        Having LP handy means I don't need to look at my ticket to see if someone in AZ is the JP winner....


                          United States
                          Member #116272
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: November 22, 2012, 8:49 am - IP Logged

                          LOL  Just for today only.

                                       Tomorrow you turn back into your normal  Hat

                          LOL Ya have to be one Jester to see one Jester

                            Avatar
                            Texas
                            United States
                            Member #132460
                            September 4, 2012
                            483 Posts
                            Offline
                            Posted: November 22, 2012, 8:50 am - IP Logged

                            I wish...I  wish...I wish...

                            I pray...I pray... I pray....

                             

                            This is a huge amount...I am hoping that the money will end up with the most deserving person/s on the planet..