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$500 MILLION: Powerball jackpot increased to a half-billion dollars

PowerballPowerball: $500 MILLION: Powerball jackpot increased to a half-billion dollars
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By Todd Northrop

Only once before has the United States — or the world — witnessed a lottery-buying frenzy like we are seeing this week.

That was in March, when the multi-state Mega Millions game was busy setting a record for the largest jackpot in world history.

This time it's Powerball's turn to make people stop what they're doing and line up for lottery tickets.

Powerball tickets are being bought at such a rapid pace that the Multi-State Lottery Association (MUSL), which operates the Powerball game, has raised the jackpot estimate an additional $75 million before the drawing takes place Wednesday night.

Who knows, it may even get raised again Wednesday before the drawing.

Early Sunday morning, just after midnight Eastern Time, USA Mega announced the new record Powerball jackpot of $425 million after nobody won in the Saturday evening drawing.

Now, just two days later, the jackpot estimate for Wednesday's Powerball drawing has been raised to $500 million, with a lump-sum cash option of $327.4 million.

That's an increase of $175 million from the Satuday jackpot of $325 million.  And yet, the jackpot will probably be even higher by the time the drawing occurs at 10:59 pm Eastern Time (7:59 pm Pacific Time) tomorrow night.

Surely, tickets are being sold at such a rapid pace that the vast majority of all possible number combinations are being covered — multiple times for many combinations — but one still has to ask:  what if just one person wins $327 million in cash?  It's hard for most people to even picture a number that large, let alone manage that much cash.

Perhaps more interesting to imagine is, what if nobody wins Wednesday?

Lottery players seeking to check the winning numbers Wednesday night are urged to use USA Mega (www.usamega.com).  State lottery Web sites are normally brought to a standstill during busy periods, while USA Mega normally remains responsive.

Powerball drawing results will be posted immediately after the 10:59 pm drawing at USA Mega. The number of winners and new jackpot will be announced after all participating Powerball states have reported their data, which normally occurs within a couple of hours after the drawing.

Tickets will remain on sale typically until 10:45 pm Eastern Time on Wednesday, although players should check with a lottery retailer in their state for the exact sales cutoff time. Players are advised not to wait until the last minute.

The odds of winning the jackpot are approximately 1 in 175 million. The odds of winning any of the Powerball prizes are approximately 1 in 32.

Lottery players can see an after-tax analysis of the current Powerball jackpot by visiting USA Mega's Jackpot Analysis page.

Powerball features nine different prize levels, ranging from $4 all the way up to the jackpot. Players can win even if they just match one number — the Powerball number.

States also offer the Power Play option for an extra dollar per ticket purchased. The Power Play multiplies any non-jackpot prizes won by a fixed amount, depending on the prize level won.

Players who purchase the Power Play and win second prize will automatically have their prize increased by 2x to $2 million.

Lottery Post Staff

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88 comments. Last comment 2 years ago by conduit.
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Alabama
United States
Member #125070
March 24, 2012
202 Posts
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Posted: November 27, 2012, 1:07 pm - IP Logged

That's crazy

    Original Bey's avatar - Lottery-022.jpg

    Bahamas
    Member #133467
    September 30, 2012
    5462 Posts
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    Posted: November 27, 2012, 1:11 pm - IP Logged

    "This time it's Powerball's turn to make people stop what they're doing and line up for lottery tickets."

     

    Todd INCLUDED!

     

    Wink

    "Everything works  ONCE!"

      mken35's avatar - starwars06

      United States
      Member #1809
      July 7, 2003
      84 Posts
      Offline
      Posted: November 27, 2012, 1:15 pm - IP Logged

      2nd sweet Jesus


        United States
        Member #116272
        September 7, 2011
        20244 Posts
        Offline
        Posted: November 27, 2012, 1:22 pm - IP Logged

        Only HALF  a billion...... pikers...........


          United States
          Member #116272
          September 7, 2011
          20244 Posts
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          Posted: November 27, 2012, 1:23 pm - IP Logged

          I picked up another "Donald classic" today on my journeys, ..This brings my total lines to 22............


            United States
            Member #111446
            May 25, 2011
            6323 Posts
            Offline
            Posted: November 27, 2012, 1:25 pm - IP Logged

            I've always wanted to be a half billionaire. 

            A one billionaire is just too much money, one half is just right!

            This is the Goldilocks of lottery jackpots.


              United States
              Member #116272
              September 7, 2011
              20244 Posts
              Offline
              Posted: November 27, 2012, 1:30 pm - IP Logged

              Perhaps by tomorrow you can be a 3/4 billionaire???

                Piaceri's avatar - sarsony1
                Wannabe Won Percenter
                Republic of Texas
                United States
                Member #57557
                January 9, 2008
                998 Posts
                Offline
                Posted: November 27, 2012, 1:32 pm - IP Logged

                I picked up another "Donald classic" today on my journeys, ..This brings my total lines to 22............

                I did a reverse Donald, 3 QP + 1 self pick, then did 4 manual QP (let my hand do the pickin quickly). But I'm not sharing. I'm selfish and greedy. White Bounce

                 

                PartyDanceParty

                face

                singlewinnersinglewinnersinglewinner   


                  United States
                  Member #111446
                  May 25, 2011
                  6323 Posts
                  Offline
                  Posted: November 27, 2012, 1:36 pm - IP Logged

                  Perhaps by tomorrow you can be a 3/4 billionaire???

                  That would simply be too much.

                  The remaining $250 million would go to Ronnie316, for his outstanding accomplishments here on the LP forum threads.   Type


                    United States
                    Member #116272
                    September 7, 2011
                    20244 Posts
                    Offline
                    Posted: November 27, 2012, 1:36 pm - IP Logged

                    I did a reverse Donald, 3 QP + 1 self pick, then did 4 manual QP (let my hand do the pickin quickly). But I'm not sharing. I'm selfish and greedy. White Bounce

                     

                    PartyDanceParty

                    I love it when you talk dirty.......... Lover

                      LottoGuyBC's avatar - Lottery-050.jpg
                      British Columbia
                      Canada
                      Member #116105
                      September 4, 2011
                      3603 Posts
                      Offline
                      Posted: November 27, 2012, 1:37 pm - IP Logged

                      Thud

                      "You have to be in it to win it!"

                        weshar75's avatar - Lottery-042.jpg
                        Mcminnville, Oregon
                        United States
                        Member #3013
                        December 13, 2003
                        2400 Posts
                        Offline
                        Posted: November 27, 2012, 1:38 pm - IP Logged

                        I picked three sets of numbers.  One set I have been using for awhile and then two sets are from the lottery post quick pick generator.  Then I QPed three sets of numbers.  So 50/50 on the sets picked and I think that is a good amount of numbers.  Hoping for the big time!-weshar75

                        US Flag


                          United States
                          Member #116272
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: November 27, 2012, 1:39 pm - IP Logged

                          That would simply be too much.

                          The remaining $250 million would go to Ronnie316, for his outstanding accomplishments here on the LP forum threads.   Type

                          Coming from a mentor who's achieved the lofty status of "experienced"  that means so much to me.

                            KSplayer's avatar - lightening
                            KS
                            United States
                            Member #103009
                            December 29, 2010
                            108 Posts
                            Offline
                            Posted: November 27, 2012, 1:43 pm - IP Logged

                            Thud

                            DREAMS DO COME TRUE!!!!!!!!!Blue Angel