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

Nov 27, 2012, 1:05 pm (88 comments)

Powerball

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

Comments

bigboy90000

That's crazy

Original Bey's avatarOriginal Bey

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

 

Todd INCLUDED!

 

Wink

mken35's avatarmken35

2nd sweet Jesus

Ronnie316

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

Ronnie316

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

mcginnin56

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.

Ronnie316

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

Piaceri

Quote: Originally posted by Ronnie316 on Nov 27, 2012

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

mcginnin56

Quote: Originally posted by Ronnie316 on Nov 27, 2012

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

Ronnie316

Quote: Originally posted by Piaceri on Nov 27, 2012

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 avatarLottoGuyBC

Thud

weshar75's avatarweshar75

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

Ronnie316

Quote: Originally posted by mcginnin56 on Nov 27, 2012

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 avatarKSplayer

Thud

KY Floyd's avatarKY Floyd

Quote: Originally posted by mcginnin56 on Nov 27, 2012

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.

1. If you want to be a half-billionaire you'd better hope the jackpot gets raised to about $910 million.

2. Don't you mean this is the porridge of lottery jackpots? Or the bed? Probably the latter, because who wouldn't want to roll around naked in half a billion dollars?

dallascowboyfan's avatardallascowboyfan

WOW!!!!!!!!!White Bounce

mcginnin56

Quote: Originally posted by Ronnie316 on Nov 27, 2012

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

 From the infamous words of Jimmy Hendrix "Are You Experienced"? 

I would have to say not at this time. In title only. But thank you for the suggested inference.Guitar

Erzulieredeyes's avatarErzulieredeyes

Powerball's increases suck. lol  Why is it that Mega Millions cost less but they are much more generous with increases?

mcginnin56

Quote: Originally posted by KY Floyd on Nov 27, 2012

1. If you want to be a half-billionaire you'd better hope the jackpot gets raised to about $910 million.

2. Don't you mean this is the porridge of lottery jackpots? Or the bed? Probably the latter, because who wouldn't want to roll around naked in half a billion dollars?

Porridge or beds would be fine, I just like to say Goldilocks name!  Lover

C0w Pi3

I think the biggest reason why this jackpot hasn't raised as much is because, there's no california in the pot..

Erzulieredeyes's avatarErzulieredeyes

Now that they increased it to  500 million and they think that most of the combinations will be selected I guess I will go throw a few more dollars at this and choose two of my own numbers since most of my tickets are Quick picks and only one self pick so far.

helpmewin's avatarhelpmewin

Quote: Originally posted by Piaceri on Nov 27, 2012

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

no worry God loves a cheerful giver Lovies

OldSchoolPa's avatarOldSchoolPa

I will not buy a single ticket....

joshuacloak's avatarjoshuacloak

i freaking Knew it be 500m

my quote form 425 thread:

" lotto fever is back and there no telling how high this pupply will fly before drawing time

500+ million  easy i say by draw time"

easy indeed, 

we only had 2 jackpots get above 300m,and when they hit 400m mark for so called next roll, ,   they speed past 400m, Way freaking Past the first guest of lotteries.

if jackpots could talk

this one be saying : what u think this is, a school zone?   am going right thro your 400m zone, by like a lot....... "speeds past 400m sign"

 

glad to see lotto fever is strong with this one

 

2 major record breaking jackpots this year    2012 has been Great

 

i agree with tod thro, so many people are playing same numbers, i say its less then a 5% chance it rolls

but if it does, holy hell we will see monster of all time appear , everyone wallets should be scared of this small chance.

 

all in all i say around 540m by draw time, am thinkin lottery guest is good one now that  they had 2 days of sales to base this New guest off 

they always understate it a lot

sense  there sure no telling  spot on with these monsters jackpots form hell

, there way to much money to take a guest and be anywhere close by 40m or so, so they downplay it.

so 540m sounds about sweet spot come draw time.

 

212,550,000 cash atfer the 35% Full tax bill,

 

 

212m after fed taxes, my god,  u be flying your own g6 around

and to poor folks in CA,   you state is last one not joining PB

how does it feel now, CA ,want to join now, i bet u do,  and i bet your lottery ceo going <snip> it now too :P

 

 

people this is more then life changin, this is right up there with "rules?  ,screw the rules i have money! that's what this amount of money does

ever thing poor people do, u do without the bull<snip>

 no tsa touching your junk, no govt pushing u around. u are a god unto your self, as your money does talking for u.

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

mcginnin56

Quote: Originally posted by OldSchoolPa on Nov 27, 2012

I will not buy a single ticket....

No just ten.  Wink

OldSchoolPa's avatarOldSchoolPa

Quote: Originally posted by OldSchoolPa on Nov 27, 2012

I will not buy a single ticket....

Liar! 

 

No I did not lie...I bought multiple tickets, so that was a true statement. I want to join that 1%, and then jump ship from USA...I hear there are some Caribbean islands, East Asian and African countries a seeking wealthy expats. Cash value of course! So really it is just less than 230 million after Obama's I.R.S. hit squad get their fair share.

Why even China might welcome me with open arms!

Original Bey's avatarOriginal Bey

Quote: Originally posted by OldSchoolPa on Nov 27, 2012

Liar! 

 

No I did not lie...I bought multiple tickets, so that was a true statement. I want to join that 1%, and then jump ship from USA...I hear there are some Caribbean islands, East Asian and African countries a seeking wealthy expats. Cash value of course! So really it is just less than 230 million after Obama's I.R.S. hit squad get their fair share.

Why even China might welcome me with open arms!

Multiple personalities?

 

Priests and nuns are playing so I know every LP member will be in on this one even where it requires a road trip. Before 2009 I drove from Florida to GA for far smaller Jackpots.

mcginnin56

The $425 million thread had 423 replies to date, wonder how long before this thread exceeds that. What?

Original Bey's avatarOriginal Bey

Hey 3 people this year alone involved in some clean up activity won Jackpots. I'm here wondering if I can parlay that into success this Wednesday.

 

Thinking of...

joshuacloak's avatarjoshuacloak

oldschool, a lot of nations do  welcome rich people

hell i know one nation apart of

European Union     has buy citizen thing

 

and any citizen of the EU can live in any member state, so there u go, access to a lot of nations.

 

i hope winners think about ever possible tax shelter 

, this thing so massive govt is like giant vimpare of wealth, destroying it ever chance it gets

blood sucking beeps

there already getting  large %  up front, no doubt  200+ m in cash even atfer first year taxes,

u will earn many millions more per year forever atfer if u got a half a brain on how to invest 200+ million

and the taxes this winner going to pay there out there lifetime will match,

screw obama, and hes leeching money supporters, protect that money!   there on a witch hunt for rich people,and someone going to be a new target come wed or sat if it rolls

 

btw tax bill for this ,just feds will be over 110+ million range

such a shame  it go down a black hole of wasteful spending by the leeches

Original Bey's avatarOriginal Bey

Quote: Originally posted by mcginnin56 on Nov 27, 2012

The $425 million thread had 423 replies to date, wonder how long before this thread exceeds that. What?

We only have until noon tomorrow to see. Though after the second increase tomorrow the LP staff writer may just do an update as opposed to starting a new thread altogether.

mcginnin56

Quote: Originally posted by Original Bey on Nov 27, 2012

We only have until noon tomorrow to see. Though after the second increase tomorrow the LP staff writer may just do an update as opposed to starting a new thread altogether.

The $425 million thread took 2.5 days to reach 423 replies, or about seven per hour.

But that rate wouldn't hold true if it were bumped up, because of the added media hype.  Cussing Face

Would probably average more like fifteen replies per hour.   Type

helpmewin's avatarhelpmewin

Quote: Originally posted by joshuacloak on Nov 27, 2012

oldschool, a lot of nations do  welcome rich people

hell i know one nation apart of

European Union     has buy citizen thing

 

and any citizen of the EU can live in any member state, so there u go, access to a lot of nations.

 

i hope winners think about ever possible tax shelter 

, this thing so massive govt is like giant vimpare of wealth, destroying it ever chance it gets

blood sucking beeps

there already getting  large %  up front, no doubt  200+ m in cash even atfer first year taxes,

u will earn many millions more per year forever atfer if u got a half a brain on how to invest 200+ million

and the taxes this winner going to pay there out there lifetime will match,

screw obama, and hes leeching money supporters, protect that money!   there on a witch hunt for rich people,and someone going to be a new target come wed or sat if it rolls

 

btw tax bill for this ,just feds will be over 110+ million range

such a shame  it go down a black hole of wasteful spending by the leeches

how can they keep taxing you if you buy BIG things & give Donations Big Grin Getting rid of money they will be no trace, but i guess if you are talking about keeping money in the bank then yes they will know you have money Chair bad idea!

 

i want all my money with me traveling around sounds like fun Dance

Original Bey's avatarOriginal Bey

Update:

 

The first time I checked the PB Website it read 327m for cash value. Now it reads, 327.4m.

dpoly1's avatardpoly1

and .......... here ........................ we ................................................. go

Dance $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

hearsetrax's avatarhearsetrax

EekEEEEEEKKK !!!! @ the thought of the $500million powerball Eek

 

 

EekEEEEEEKKK !!!! @ the thought of the $500million powerball Eek

Frank12449

Quote: Originally posted by Original Bey on Nov 27, 2012

Update:

 

The first time I checked the PB Website it read 327m for cash value. Now it reads, 327.4m.

Yeah, the usamega analysis page reflects that change now. Well, I was on the fence at 327 million, but now that they've thrown in an extra 400k, sure, I'll buy a ticket.  What?

DivinePurpose's avatarDivinePurpose

Wowzers! Banana

I purchased my tickets this morning before the increase. While in the car, I was listening to a local radio morning show and of course they were talking about the PB jackpot. The hosts were listing items that you can buy for $1(burger from McDonalds, a pack of gum, etc.)  and then he said you can buy a PB ticket for $1. A listener emailed the show with the "correction" that stated the PB was $2 without the megaplier....but $3 with it. One of ladies on the show then asked, "What's the megaplier?" The host then says "it doubles your prize if you win..even the jackpot prize. Just imagine winning $850 million" Skeptical

I know it shouldn't bother me but it worries me when misinformed people play the lottery and win. 

I really hope that tomorrow night the winning ticket is held by someone who has played the lottery for years and plays even when the jackpot is low. 

 

Good luck to all and and may the person who matches all 6 numbers win!

Original Bey's avatarOriginal Bey

Quote: Originally posted by DivinePurpose on Nov 27, 2012

Wowzers! Banana

I purchased my tickets this morning before the increase. While in the car, I was listening to a local radio morning show and of course they were talking about the PB jackpot. The hosts were listing items that you can buy for $1(burger from McDonalds, a pack of gum, etc.)  and then he said you can buy a PB ticket for $1. A listener emailed the show with the "correction" that stated the PB was $2 without the megaplier....but $3 with it. One of ladies on the show then asked, "What's the megaplier?" The host then says "it doubles your prize if you win..even the jackpot prize. Just imagine winning $850 million" Skeptical

I know it shouldn't bother me but it worries me when misinformed people play the lottery and win. 

I really hope that tomorrow night the winning ticket is held by someone who has played the lottery for years and plays even when the jackpot is low. 

 

Good luck to all and and may the person who matches all 6 numbers win!

Dumb and Dangerous. They have a long way to go to qualify as rookies

mcginnin56

Quote: Originally posted by DivinePurpose on Nov 27, 2012

Wowzers! Banana

I purchased my tickets this morning before the increase. While in the car, I was listening to a local radio morning show and of course they were talking about the PB jackpot. The hosts were listing items that you can buy for $1(burger from McDonalds, a pack of gum, etc.)  and then he said you can buy a PB ticket for $1. A listener emailed the show with the "correction" that stated the PB was $2 without the megaplier....but $3 with it. One of ladies on the show then asked, "What's the megaplier?" The host then says "it doubles your prize if you win..even the jackpot prize. Just imagine winning $850 million" Skeptical

I know it shouldn't bother me but it worries me when misinformed people play the lottery and win. 

I really hope that tomorrow night the winning ticket is held by someone who has played the lottery for years and plays even when the jackpot is low. 

 

Good luck to all and and may the person who matches all 6 numbers win!

I hope it's won by a first time novice palyer!   Banana

hearsetrax's avatarhearsetrax

Quote: Originally posted by mcginnin56 on Nov 27, 2012

I hope it's won by a first time novice palyer!   Banana

talk like that ought to get you tarred and feathered

Original Bey's avatarOriginal Bey

Quote: Originally posted by hearsetrax on Nov 27, 2012

talk like that ought to get you tarred and feathered

I Agree!

 

Even sarcasm at this stage doesn't go over well. We're talkling 500m here! lol

Frank12449

After taxes in NY, it now stands at $216,673,320 for one time cash, or $330,900,000 over 30 years.  That amount in annuity is $11,030,000 average per year / $919,166 per month / $30,638 per day.  Shocked

MADDOG10's avatarMADDOG10

" I hope it's won by a first time novice palyer! ".

--------------------------------------------------------------------------------------

Well, I know I'm not a first time player, and I know I'm not a novice, But I could be a PALYER.....Green laughGreen laughGreen laughGreen laugh

helpmewin's avatarhelpmewin

Quote: Originally posted by Frank12449 on Nov 27, 2012

After taxes in NY, it now stands at $216,673,320 for one time cash, or $330,900,000 over 30 years.  That amount in annuity is $11,030,000 average per year / $919,166 per month / $30,638 per day.  Shocked

i like to have all 100's  & maybe some 20's nothing to flashy i wouldnt want to draw attention to myselfEvil Looking,

 

like i have money or anything, thats how you might get robbedYes Nod

HiFi's avatarHiFi

i will buy some tickets but nothing crazy.  remember that basketball player who bought 10,000 tickets last Mega millions drawing, he didnt win.  just reminder to people who think spending more money equals winning.

helpmewin's avatarhelpmewin

Quote: Originally posted by MADDOG10 on Nov 27, 2012

" I hope it's won by a first time novice palyer! ".

--------------------------------------------------------------------------------------

Well, I know I'm not a first time player, and I know I'm not a novice, But I could be a PALYER.....Green laughGreen laughGreen laughGreen laugh

MADDOG the playerRudolphGuitar        Drum      No Pity!

Frank12449

Quote: Originally posted by HiFi on Nov 27, 2012

i will buy some tickets but nothing crazy.  remember that basketball player who bought 10,000 tickets last Mega millions drawing, he didnt win.  just reminder to people who think spending more money equals winning.

I agree completely. Regardless of the jackpot amount, I always get only 1 set of QP numbers. I've also been in several office pools with 100 or more sets of tickets and the most that was ever won back was less than 10% of money invested. At about 175 million combinations of numbers, buying 10,000 sets of numbers covers less than 1/10th of 1% of the numbers.

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by MADDOG10 on Nov 27, 2012

" I hope it's won by a first time novice palyer! ".

--------------------------------------------------------------------------------------

Well, I know I'm not a first time player, and I know I'm not a novice, But I could be a PALYER.....Green laughGreen laughGreen laughGreen laugh

MADDOG, you are definitely The "PALYER"Wink

Original Bey's avatarOriginal Bey

Quote: Originally posted by HiFi on Nov 27, 2012

i will buy some tickets but nothing crazy.  remember that basketball player who bought 10,000 tickets last Mega millions drawing, he didnt win.  just reminder to people who think spending more money equals winning.

I always wondered about that clown. How much did he recover? Probably under $200.

gocart1's avatargocart1

Quote: Originally posted by Frank12449 on Nov 27, 2012

After taxes in NY, it now stands at $216,673,320 for one time cash, or $330,900,000 over 30 years.  That amount in annuity is $11,030,000 average per year / $919,166 per month / $30,638 per day.  Shocked

Holy cow....I could buy ?  Let me think about this a minute..lol

ressuccess's avatarressuccess

I didn't know that the Powerball Jackpot continues to rise. I wonder why Powerball raise their jackpot?

Everyone, there's a poll question I posted on Jackpot Games for the upcoming Powerball draw and on. Lets see who's right on this topic.

mcginnin56

Quote: Originally posted by Original Bey on Nov 27, 2012

I Agree!

 

Even sarcasm at this stage doesn't go over well. We're talkling 500m here! lol

Who's talking about sarcasm. What?

This is very serious business.  Disapprove

KSplayer's avatarKSplayer

Well my husband convinced me to go buy another ticket but this time it was a self-pick so now i have a qp and a sp.

Good Luck Everyone!Sun Smiley

delS

Quote: Originally posted by Original Bey on Nov 27, 2012

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

 

Todd INCLUDED!

 

Wink

This time i hope one winner is declared. in this the year of "RECORD JACKPOTS" there needs to be one person that goes into the record books. Oh, that would be me........lol

This is enough dough to help four or five generations comfortably.  I have my wealth management team in my sights. They dont know they have calls coming to estblish trust and estate plans......

THRIFTY's avatarTHRIFTY

$500 MILLION POWERBALL JACKPOT.

0 Chance In 175,223,510. Versus 1 Chance In 175,223,510?

Good Luck Everybody.

GTR1946's avatarGTR1946

If i win I'll 500 Million ways to spend it !!!!

JonnyBgood07's avatarJonnyBgood07

Quote: Originally posted by Frank12449 on Nov 27, 2012

After taxes in NY, it now stands at $216,673,320 for one time cash, or $330,900,000 over 30 years.  That amount in annuity is $11,030,000 average per year / $919,166 per month / $30,638 per day.  Shocked

scrumptious info.....Guitar

I'm a skeptic by nature...I'd bet the pot is actually closer to 600 mil if not more

GTR1946's avatarGTR1946

Redo...If i win I'll have 500 Million ways to spend it !!!! Lep

Subscribe to this news story