Welcome Guest
Log In | Register )
The time is now 3:15 am
You last visited April 17, 2014, 3:13 am
All times shown are
Eastern Time (GMT-5:00)

$400 MILLION: Powerball lottery jackpot explodes

PowerballPowerball: $400 MILLION: Powerball lottery jackpot explodes
55
Rating:

5th-largest US jackpot ever; 8th-largest cash value

By Todd Northrop

For only the 5th time in the history of United States lotteries, a lottery jackpot has grown to $400 million or more.

The new high-water mark of $400 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $301 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $223.6 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.

The largest Powerball jackpot ever awarded was on May 18, 2013, when Gloria C. MacKenzie of Zephyrhills, Florida, held the solitary winning ticket for a grand prize worth nearly $600 million (see Winner of record $590.5 million Powerball lottery jackpot announced, Lottery Post, June 5, 2013).

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.  However, Saturday's drawing was a bit of an aberration, as the lottery had overestimated the jackpot, and it settled back to $301 million from an initial estimate of $317 million after all the proceeds were counted just before draw time.

The mammoth prize is the result of 11 consecutive draws without a winner.  The run-up started as a $40 million prize on Aug. 10, 2013.

The winning numbers for Saturday, September 14, 2013 were 1, 17, 25, 37, and 44, with Powerball number 20.

Even though nobody won the jackpot Saturday, 11 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Georgia, 1 from Idaho, 1 from Maryland, 2 from New York, 1 from Ohio, 2 from Pennsylvania, 1 from South Carolina, and 1 from Wisconsin.

The California second-prize winner will be awarded a whopping $2,479,122, because California does not award fixed prizes. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.  Because there was only one second-prize winner in California, that one ticket will take home the entire pool of money allocated for second prize.

None of the second-prize tickets was purchased with the Power Play option.  If a second-prize ticket were purchased with the Power Play option, the prize would automatically be doubled to $2 million.  Power Play is not available in California, because the fixed nature of the prize increase offered in Power Play is not compatible with California's pari-mutuel payouts.

65 tickets matched four white numbers plus the Powerball and won $10,000.  Of those tickets, 6 were purchased with the Power Play option, increasing the prize to $40,000, and 6 of the tickets were sold in California, where the prize was worth $13,295 this drawing.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $99 million from its previous amount of $301 million. The cash value was raised by $56.2 million from its previous amount of $167.4 million.

The next Powerball drawing will take place Wednesday night at 10:59 pm Eastern Time.

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 43 states, plus the District of Columbia and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time.  Tickets cost $2 each.

A 44th Powerball state will be added in early 2014, as the state of Wyoming has approved a new state lottery with the intention of joining Powerball and other multi-state lottery games.  (See Wyoming officially becomes 44th state with a lotteryLottery Post, Mar. 14, 2013.)

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

Wednesday's Powerball jackpot currently stands as the 5th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Wednesday 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 Wednesday, it's anyone's guess how high it will go.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Powerball: $590.5 million, May 18, 2013 - Florida
  3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  4. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  5. Powerball: $400 million, Sep. 18, 2013 - Preliminary estimate, not won yet
  6. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  7. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  8. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  9. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  10. Powerball: $340 million, Oct. 19, 2005 - Oregon
  11. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  12. Powerball: $337 million, Aug. 15, 2012 - Michigan
  13. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  14. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  15. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  16. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  17. Mega Millions: $319 million, Mar. 25, 2011 - New York
  18. Mega Millions: $315 million, Nov. 15, 2005 - California
  19. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  20. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  21. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  22. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  23. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  24. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
  25. Mega Millions: $275 million, Feb. 22, 2008 - Georgia

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

  • Powerball: 14
  • Mega Millions: 9
  • 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 25 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 ranks as the 8th-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  4. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  5. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  6. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  7. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  8. Powerball: $223.6 million cash, Sep. 18, 2013 ($400 million annuity) - Preliminary estimate, not won yet
  9. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  10. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  11. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  12. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  13. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  14. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  15. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  16. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  17. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  18. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  19. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  20. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  21. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  22. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  23. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  24. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey
  25. Mega Millions: $153.3 million cash, Dec. 27, 2011 ($208 million annuity) - New York

The number of jackpot cash values in the top 25, by lottery game, are:

  • Mega Millions: 13
  • Powerball: 11
  • The Big Game: 1

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.

168 comments. Last comment 6 months ago by jamella724.
Page 1 of 12
dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
Oklahoma
United States
Member #82391
November 12, 2009
4886 Posts
Offline
Posted: September 15, 2013, 9:04 am - IP Logged

$400 million Woo Hoo BananaDanceWhite Bounce

Win BIG everyone....White Bounce

I Love Pink & Green 1908

    Avatar
    baton rouge
    United States
    Member #10797
    January 26, 2005
    72 Posts
    Offline
    Posted: September 15, 2013, 9:18 am - IP Logged

    5th-largest US jackpot ever; 8th-largest cash value

    By Todd Northrop

    For only the 5th time in the history of United States lotteries, a lottery jackpot has grown to $400 million or more.

    The new high-water mark of $400 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $301 million grand prize.

    The lump-sum cash payout value of Wednesday's Powerball jackpot is $223.6 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.

    The largest Powerball jackpot ever awarded was on May 18, 2013, when Gloria C. MacKenzie of Zephyrhills, Florida, held the solitary winning ticket for a grand prize worth nearly $600 million (see Winner of record $590.5 million Powerball lottery jackpot announced, Lottery Post, June 5, 2013).

    Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.  However, Saturday's drawing was a bit of an aberration, as the lottery had overestimated the jackpot, and it settled back to $301 million from an initial estimate of $317 million after all the proceeds were counted just before draw time.

    The mammoth prize is the result of 11 consecutive draws without a winner.  The run-up started as a $40 million prize on Aug. 10, 2013.

    The winning numbers for Saturday, September 14, 2013 were 1, 17, 25, 37, and 44, with Powerball number 20.

    Even though nobody won the jackpot Saturday, 11 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Georgia, 1 from Idaho, 1 from Maryland, 2 from New York, 1 from Ohio, 2 from Pennsylvania, 1 from South Carolina, and 1 from Wisconsin.

    The California second-prize winner will be awarded a whopping $2,479,122, because California does not award fixed prizes. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.  Because there was only one second-prize winner in California, that one ticket will take home the entire pool of money allocated for second prize.

    None of the second-prize tickets was purchased with the Power Play option.  If a second-prize ticket were purchased with the Power Play option, the prize would automatically be doubled to $2 million.  Power Play is not available in California, because the fixed nature of the prize increase offered in Power Play is not compatible with California's pari-mutuel payouts.

    65 tickets matched four white numbers plus the Powerball and won $10,000.  Of those tickets, 6 were purchased with the Power Play option, increasing the prize to $40,000, and 6 of the tickets were sold in California, where the prize was worth $13,295 this drawing.

    Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $99 million from its previous amount of $301 million. The cash value was raised by $56.2 million from its previous amount of $167.4 million.

    The next Powerball drawing will take place Wednesday night at 10:59 pm Eastern Time.

    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 43 states, plus the District of Columbia and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time.  Tickets cost $2 each.

    A 44th Powerball state will be added in early 2014, as the state of Wyoming has approved a new state lottery with the intention of joining Powerball and other multi-state lottery games.  (See Wyoming officially becomes 44th state with a lotteryLottery Post, Mar. 14, 2013.)

    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

    Wednesday's Powerball jackpot currently stands as the 5th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Wednesday 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 Wednesday, it's anyone's guess how high it will go.

    1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
    2. Powerball: $590.5 million, May 18, 2013 - Florida
    3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
    4. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
    5. Powerball: $400 million, Sep. 18, 2013 - Preliminary estimate, not won yet
    6. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
    7. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
    8. Powerball: $365 million, Feb. 18, 2006 - Nebraska
    9. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
    10. Powerball: $340 million, Oct. 19, 2005 - Oregon
    11. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
    12. Powerball: $337 million, Aug. 15, 2012 - Michigan
    13. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
    14. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
    15. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
    16. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
    17. Mega Millions: $319 million, Mar. 25, 2011 - New York
    18. Mega Millions: $315 million, Nov. 15, 2005 - California
    19. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
    20. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
    21. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
    22. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
    23. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
    24. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
    25. Mega Millions: $275 million, Feb. 22, 2008 - Georgia

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

    • Powerball: 14
    • Mega Millions: 9
    • 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 25 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 ranks as the 8th-largest cash value in U.S. history.

    1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
    2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
    3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
    4. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
    5. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
    6. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
    7. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
    8. Powerball: $223.6 million cash, Sep. 18, 2013 ($400 million annuity) - Preliminary estimate, not won yet
    9. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
    10. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
    11. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
    12. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
    13. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
    14. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
    15. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
    16. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
    17. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
    18. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
    19. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
    20. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
    21. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
    22. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
    23. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
    24. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey
    25. Mega Millions: $153.3 million cash, Dec. 27, 2011 ($208 million annuity) - New York

    The number of jackpot cash values in the top 25, by lottery game, are:

    • Mega Millions: 13
    • Powerball: 11
    • The Big Game: 1

    A storm is raging in Powerball arena.

    Many will join the fiasco pullng out money to savagely buy powerball tickets EAGER TO WIN.

    If no one wins this time the grand prize will undouftedly go above $500 million easy!!!

    I always buy 2 or 3 tickets , let us see how the storm razes!!!!!

     

    SmileBig Grin SantaParty US FlagEvil UhhYellow Eyes

     

    GOOD LUCK!!!!!!!!!!!!!!!!!!!!

      Artist77's avatar - batman14

      United States
      Member #121750
      January 16, 2012
      2869 Posts
      Offline
      Posted: September 15, 2013, 9:29 am - IP Logged

      I have my numbers already picked out and plan to go crazy and buy TWO TICKETS!!!!

      Just as the bird sings or the butterfly soars,

      because it is his natural characteristic,

      so the artist works.

      by Alma  Gluck

        Piaceri's avatar - sarsony1
        Wannabe Won Percenter
        Republic of Texas
        United States
        Member #57557
        January 9, 2008
        954 Posts
        Offline
        Posted: September 15, 2013, 9:40 am - IP Logged

        White Bounce

         

        Party

        Let the madness begin! Good luck to my LP friends!

        singlewinnersinglewinnersinglewinner

        face

        singlewinnersinglewinnersinglewinner   

          mypiemaster's avatar - peace
          He who dies with the most toys WINS!!!.

          United States
          Member #141039
          April 2, 2013
          513 Posts
          Offline
          Posted: September 15, 2013, 9:51 am - IP Logged

          Time to pay a visit to THRIFTY. Got two tickets with pplay already. HAVE FUN Y'ALL.

          Seekand ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

          Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

            Avatar
            Denver
            United States
            Member #139966
            March 7, 2013
            23 Posts
            Offline
            Posted: September 15, 2013, 9:52 am - IP Logged

            Powerball: $224.7�million cash, Aug.�15,�2012 ($337�million�annuity)�- Michigan
            Powerball: $223.6�million cash, Sep.�18,�2013 ($400�million�annuity)�- Preliminary estimate

            They clearly have been playing around Estimate numbers to make it seem make a higher jackpot how can $337 have a higher cash value than $400 ?????

            They have been lowballing the Estimated Jackpot number it appears

              Avatar
              Keokuk,Iowa
              United States
              Member #116508
              September 12, 2011
              302 Posts
              Offline
              Posted: September 15, 2013, 10:04 am - IP Logged

              I've already got my ticket.Call me cheap,but I only purchase one ticket per drawing 'cause you only need one to win it all!

                rcbbuckeye's avatar - Lottery-043.jpg
                Texas
                United States
                Member #55889
                October 23, 2007
                2961 Posts
                Offline
                Posted: September 15, 2013, 10:15 am - IP Logged

                I think I'll go all out this draw and get TWO tics w/PP.

                I won $10 on AON the other day to help pay for it along with the other jackpot games I play.

                CAN'T WIN IF YOU'RE NOT IN

                A DOLLAR AND A DREAM (OR $2)

                  Pita Maha's avatar - 940d8157 d1fb-4f70-a715-6ad04d915489.jpg
                  SW Florida
                  United States
                  Member #145678
                  August 11, 2013
                  125 Posts
                  Offline
                  Posted: September 15, 2013, 10:44 am - IP Logged

                  Yeah, I might just go absolutely crazy nutso and buy two tickets for this draw as well. 

                  As far as the prize money, I prefer to deal with the reality of the cash, after taxes amount: $167,700,000 looks very nice when it's written down and it'll look even nicer as a line item in my bank account too.  But hey, if it's a shared jackpot prize, I'd be happy seeing $83,850,000 too.

                    sandia's avatar - disney24
                    TEXAS
                    United States
                    Member #107770
                    March 13, 2011
                    191 Posts
                    Offline
                    Posted: September 15, 2013, 10:46 am - IP Logged

                    No winner in last night's PB. Here we go again boys and girls, let the frenzy drum on.Banana

                       Pardon me for asking but, where are Ronnie and others who had a knack for how do I put this delicately, being insipid and cantankerous? I have been incognito for a spell so, I might have missed a few things.Unhappy

                     

                     

                    (I might have posted ad identical post earlier........)

                     

                     "The only sure thing about luck, is that it will change" - Bret Harte

                      Avatar
                      Windermere, FL/Franklin, TN
                      United States
                      Member #50210
                      March 1, 2007
                      839 Posts
                      Offline
                      Posted: September 15, 2013, 10:49 am - IP Logged

                      Powerball: $224.7�million cash, Aug.�15,�2012 ($337�million�annuity)�- Michigan
                      Powerball: $223.6�million cash, Sep.�18,�2013 ($400�million�annuity)�- Preliminary estimate

                      They clearly have been playing around Estimate numbers to make it seem make a higher jackpot how can $337 have a higher cash value than $400 ?????

                      They have been lowballing the Estimated Jackpot number it appears

                      They have not been underestimating jackpots. 

                      The yield on Government bonds was a bit lower during the same time last year. Just another reason why I don't much emphasis on Annuities especially those that are back end weighted. Inflation by itself will absorb all of the perceived value.

                      ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                        Avatar

                        Japan
                        Member #131610
                        August 14, 2012
                        372 Posts
                        Offline
                        Posted: September 15, 2013, 11:22 am - IP Logged

                        I want to buy some tickets for yet another exciting Powerball drawing(s)

                         Dang IT, why am I never there when the jackpots are $300+milion

                         

                        I been trying to calculate about when the next one will be an might plan my "vacation"/ off time around then. heheeh see some old friends an family...then buy a few tickets (PB) and...umm WIN lol

                         Alright...well good luck to you all whom shall be playing

                         

                        Get that kickety

                        Buy that tickety

                        Don't worry Sir an Honey

                        Bam boozle a little money

                        Jacks' pot 0' millions, our minds been

                        Good haste comin, financial win

                          BuyLow's avatar - palm tree.jpg
                          Florida
                          United States
                          Member #61435
                          May 22, 2008
                          769 Posts
                          Offline
                          Posted: September 15, 2013, 11:23 am - IP Logged

                          They have not been underestimating jackpots. 

                          The yield on Government bonds was a bit lower during the same time last year. Just another reason why I don't much emphasis on Annuities especially those that are back end weighted. Inflation by itself will absorb all of the perceived value.

                          And to put full faith in Gov't Bonds for 20-30 years based upon the current global situations.....no thanks!  Show me the MONEY!!!!!

                            hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

                            United States
                            Member #52345
                            May 21, 2007
                            1730 Posts
                            Offline
                            Posted: September 15, 2013, 11:26 am - IP Logged

                            White Bounce

                             

                            Party

                            Let the madness begin! Good luck to my LP friends!

                            singlewinnersinglewinnersinglewinner

                            laughing  singlewinnersinglewinnersinglewinner & let it be me