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$550 MILLION: Powerball jackpot now more than a half-billion dollars

PowerballPowerball: $550 MILLION: Powerball jackpot now more than a half-billion dollars
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By Todd Northrop

Just 12 hours after the initial Powerball jackpot estimate of $475 million was set, lottery officials announced that strong sales have pushed the official estimate for Saturday's drawing to $550 million.

The current jackpot is the second largest in Powerball history and the third largest jackpot in U.S. history.

The new estimated lump-sum cash value of the jackpot is $350.1 million.

Judging from past jackpot run-ups, it is almost certain that the jackpot will be raised again before the Saturday drawing.

Early Thursday morning, around 12:30 am Eastern Time, USA Mega announced the new record Powerball jackpot of $475 million after nobody won in the Wednesday evening drawing.

Now, just 12 hours later, the jackpot estimate for Saturday's Powerball drawing has been raised to $550 million, with a lump-sum cash option of $350.1 million.

That's an increase of $186.1 million from the Wednesday jackpot of $363.9 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) Saturday 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 $350 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 Saturday?

Lottery players seeking to check the winning numbers Saturday 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 Saturday, 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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85 comments. Last comment 11 months ago by Boney526.
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whiteballz's avatar - Lottery-015.jpg
Nutley, New Jersey
United States
Member #131063
August 1, 2012
720 Posts
Offline
Posted: May 16, 2013, 4:12 pm - IP Logged

this is awesome! I already have my tickets. Do you?

.

    ashabug725's avatar - Yavill
    Indiana
    United States
    Member #122873
    February 9, 2012
    322 Posts
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    Posted: May 16, 2013, 4:17 pm - IP Logged

    I hope it rolls saturday and then like 5-6 people win on Wednesday.... That'd b awesome... just to see how high it'd go!!!!

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

      joshuacloak's avatar - avatar 23415.gif

      United States
      Member #32537
      February 12, 2006
      639 Posts
      Offline
      Posted: May 16, 2013, 4:20 pm - IP Logged

      if no one wins Saturday? say hello to billion jackpot

      thro i give it less then 5% chance of rollin, so many numbers will be in  play for this draw,  if not played twice

      real story is will only 1 ticket win, only 2 jackpots to get to this level before have had more then 1 winner to spit the jackpot

      350 cash ha,   its 211,460,400 atfer 39.6 max fed tax rate folks

      ofc that be much higher come draw

      point is 200 plus million atfer's all taxs, u be among  level of top 0.01% rich

      and travel the world in only best way possible, by private jet

       

      plus u can do this

       man this thing just so much already  , my jaw will drop if it rolls

      sup

        Avatar
        Windermere, FL/Franklin, TN
        United States
        Member #50210
        March 1, 2007
        839 Posts
        Offline
        Posted: May 16, 2013, 4:27 pm - IP Logged

        I knew Todd would eventually finish his article and update the increase. People need to give him some slack as running this site isn't as easy as it seems.

          helpmewin's avatar - dandy
          DON'T HATE THE PLAYA HATE THE GAME
          u$a
          United States
          Member #106669
          February 22, 2011
          16291 Posts
          Offline
          Posted: May 16, 2013, 4:31 pm - IP Logged

          I knew Todd would eventually finish his article and update the increase. People need to give him some slack as running this site isn't as easy as it seems.

          $550 MILLION: Powerball jackpot

           

          There it is I Agree!

                           

            brees2012's avatar - animal whale.jpg

            United States
            Member #125182
            March 26, 2012
            159 Posts
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            Posted: May 16, 2013, 4:35 pm - IP Logged

                I Agree!         

             

                    It's a challenge to keep up with a website

                   Keep up with the good job ... Todd

              helpmewin's avatar - dandy
              DON'T HATE THE PLAYA HATE THE GAME
              u$a
              United States
              Member #106669
              February 22, 2011
              16291 Posts
              Offline
              Posted: May 16, 2013, 4:37 pm - IP Logged

                  I Agree!         

               

                      It's a challenge to keep up with a website

                     Keep up with the good job ... Todd

              keep up Green laugh

                               

                helpmewin's avatar - dandy
                DON'T HATE THE PLAYA HATE THE GAME
                u$a
                United States
                Member #106669
                February 22, 2011
                16291 Posts
                Offline
                Posted: May 16, 2013, 4:38 pm - IP Logged

                this is awesome! I already have my tickets. Do you?

                Yes Nod

                                 

                  Avatar
                  Windermere, FL/Franklin, TN
                  United States
                  Member #50210
                  March 1, 2007
                  839 Posts
                  Offline
                  Posted: May 16, 2013, 4:40 pm - IP Logged

                  Hey I just noticed that "mcginnin56" hasn't posted in a while. I tried sending him a PM and it says his account is inactive??

                    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                    Oklahoma
                    United States
                    Member #82391
                    November 12, 2009
                    4889 Posts
                    Offline
                    Posted: May 16, 2013, 4:40 pm - IP Logged

                    Woo Hoo BananaWhite BounceDance

                    Win BIG everyone....White Bounce

                    I Love Pink & Green 1908

                      maringoman's avatar - kobold
                      Massachusetts
                      United States
                      Member #37433
                      April 14, 2006
                      1783 Posts
                      Online
                      Posted: May 16, 2013, 4:45 pm - IP Logged

                      Someone said earlier that this is the perfect time to hit the MM JP. How I agree.

                      Alright, my turn.

                        dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                        Oklahoma
                        United States
                        Member #82391
                        November 12, 2009
                        4889 Posts
                        Offline
                        Posted: May 16, 2013, 4:54 pm - IP Logged

                        Thanks Todd you are on top of itThumbs Up

                        Win BIG everyone....White Bounce

                        I Love Pink & Green 1908

                          surimaribo24's avatar - img1901pn
                          NEW YORK. RIVERHEAD
                          United States
                          Member #106375
                          February 17, 2011
                          8717 Posts
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                          Posted: May 16, 2013, 4:56 pm - IP Logged

                          oo yeh keep it rising  bby ... predictingIdea it wil rise to 700 mill. by saturday.Cool

                          PETS#=105-215

                            hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

                            United States
                            Member #52345
                            May 21, 2007
                            1730 Posts
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                            Posted: May 16, 2013, 5:01 pm - IP Logged

                            definitely going to be an interesting weekend for certain Big Grin