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$247 MILLION: Huge Powerball lottery jackpot set for Saturday

PowerballPowerball: $247 MILLION: Huge Powerball lottery jackpot set for Saturday
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By Todd Northrop

Just over a month after the Mega Millions lottery created two mega-millionaires with a gigantic $648 million jackpot, the multi-state Powerball game is back with a jackpot counter-punch worth a whopping $247 million.

The new high-water mark of $247 million for the current Powerball jackpot was achieved after no winning tickets were sold for Wednesday night's $219.6 million grand prize.

The lump-sum cash payout value of Saturday's Powerball jackpot is $142.5 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.

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.  For example, the original estimate for Wednesday's drawing was $215 million, but by the time all the proceeds were counted just before draw-time, the jackpot had swelled to $219.6 million.

The mammoth prize is the result of 12 consecutive draws without a winner.  The run-up started as a $40 million prize on Dec. 28, 2013.

The winning numbers for Wed., Feb. 5, 2013 were 8, 17, 32, 57, and 59, with Powerball number 24.  The Power Play number was 3.

Even though nobody won the jackpot Wednesday, 3 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Illinois, 1 from Minnesota, and 1 from South Carolina.

Only one of the second-prize winners purchased the Power Play option — the ticket sold in South Carolina.  Because that ticket was purchased with the Power Play option, their second-prize win is automatically 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.  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.

35 tickets matched four white numbers plus the Powerball and won $10,000. Of those tickets, 3 were purchased with the Power Play option, increasing the prize to $30,000, and 6 of the tickets were sold in California, where the prize was worth $7,725 this drawing.

Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised $27.4 million from its previous amount of $219.6 million. The cash value was raised by $15.7 million from its previous amount of $126.8 million.

The next Powerball drawing will take place Saturday 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 later this year, as the state of Wyoming has approved a new state lottery with the intention of joining Powerball and other multi-state 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.

Lottery Post Staff

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52 comments. Last comment 6 months ago by helpmewin.
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veganlife125's avatar - Lottery-061.jpg

United States
Member #142782
May 18, 2013
204 Posts
Offline
Posted: February 6, 2014, 11:07 am - IP Logged

I recon $250 Million is the new standard to get the fever going again.   What house will ya buy?  What Car will ya buy?  Or....in the words of David Lee Roth "I wonder what the teacher is gonna look like this year!?!"  Big Grin

$1 Quick Pick > 1 Winner > 1 Billion+ > 1 Press Conference > MegaMillions #1!

Don't forget to visit the Lottery Post Gift Shop!

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

    United States
    Member #141039
    April 2, 2013
    681 Posts
    Online
    Posted: February 6, 2014, 11:09 am - IP Logged

    Time for the fun to begin again. Already got my personal and pool tickets for two draws.

    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****

      hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

      United States
      Member #52345
      May 21, 2007
      1801 Posts
      Offline
      Posted: February 6, 2014, 12:04 pm - IP Logged

      Time for the fun to begin again. Already got my personal and pool tickets for two draws.

      Skeptical its getting thar .......

        Avatar
        manitowoc, wisconsin
        United States
        Member #104966
        January 23, 2011
        325 Posts
        Offline
        Posted: February 6, 2014, 1:00 pm - IP Logged

        Ha ha!  The usual states that win constantly ain't getting any of my money.

          DDOH937's avatar - Lottery-028.jpg

          United States
          Member #149603
          December 4, 2013
          192 Posts
          Offline
          Posted: February 6, 2014, 1:06 pm - IP Logged

          Yep!! Its warming up. Just a little, but its getting warm!!! I hope no winner until March 15 or later.... Smash

          "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

            Avatar

            United States
            Member #149827
            December 9, 2013
            458 Posts
            Offline
            Posted: February 6, 2014, 2:31 pm - IP Logged

            Yep!! Its warming up. Just a little, but its getting warm!!! I hope no winner until March 15 or later.... Smash

            I cant say that, cause I hope someone hit this Saturday....specifcally...me

              mightwin's avatar - questns

              United States
              Member #103789
              January 5, 2011
              442 Posts
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              Posted: February 6, 2014, 2:33 pm - IP Logged

              Yep!! Its warming up. Just a little, but its getting warm!!! I hope no winner until March 15 or later.... Smash

              Rolling till March 15th huh? You must be hoping for a billion dollar jackpot.

                dpoly1's avatar - driver
                PA
                United States
                Member #66141
                October 16, 2008
                1435 Posts
                Offline
                Posted: February 6, 2014, 2:40 pm - IP Logged

                Jester

                I'll take this one on Saturday ........ over $80,000,000 after Federal Seizure!

                dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                 

                Eschew Poverty ........... Vote Conservative!

                  lejardin's avatar - Lottery-014.jpg

                  United States
                  Member #118613
                  November 4, 2011
                  319 Posts
                  Offline
                  Posted: February 6, 2014, 2:45 pm - IP Logged

                  Jester

                  I'll take this one on Saturday ........ over $80,000,000 after Federal Seizure!

                  Excellent description hahahahaha federal seizure, how appropriate.

                    CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                    TX
                    United States
                    Member #121198
                    January 4, 2012
                    1112 Posts
                    Offline
                    Posted: February 6, 2014, 2:59 pm - IP Logged

                    Jester

                    I'll take this one on Saturday ........ over $80,000,000 after Federal Seizure!

                    LOLOL @ dp

                    silly boy, its for redistribution and debt reductionPuke

                      DDOH937's avatar - Lottery-028.jpg

                      United States
                      Member #149603
                      December 4, 2013
                      192 Posts
                      Offline
                      Posted: February 6, 2014, 3:15 pm - IP Logged

                      Rolling till March 15th huh? You must be hoping for a billion dollar jackpot.

                      You know it!!!!! Banana

                        RedStang's avatar - noname13Custom zps41d0cf34.jpg
                        Dutchess , NY
                        United States
                        Member #121966
                        January 21, 2012
                        2535 Posts
                        Offline
                        Posted: February 6, 2014, 7:17 pm - IP Logged

                        It will take 400mill to get the champagne flowing. The big mega has killed the frenzy excitement.

                          Jon D's avatar - calotterylogo
                          Los Angeles, California
                          United States
                          Member #103816
                          January 5, 2011
                          1530 Posts
                          Offline
                          Posted: February 6, 2014, 7:49 pm - IP Logged

                          It will take 400mill to get the champagne flowing. The big mega has killed the frenzy excitement.

                          I Agree! With jackpot fatigue, the national news won't feature it for a while yet.

                          $247M? Meh... Wake me when it's over $400M. Sleep

                          At the extremely slow rate of sales for PB at the start of this year, that won't be for a couple weeks more. Especially if this winter weather continues.

                            Arrowhead's avatar - underground
                            Ohio
                            United States
                            Member #120759
                            December 27, 2011
                            275 Posts
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                            Posted: February 6, 2014, 8:08 pm - IP Logged

                            One ticket. I'm in for just one ticket. With Powerplay. 

                            Multiple tickets for Ohio Lottery at $59.6 mil, and Michigan Lottery right across state line not too far at $3 mil. Either work just fine. And much better odds.