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Powerball lottery jackpot climbs to $167 million

PowerballPowerball: Powerball lottery jackpot climbs to $167 million

The jackpot in "America's Game" has reached its highest level in four months.

Even though the Powerball lottery jackpot was not awarded Wednesday evening, 773,100 players across the nation won a total of more than $6.8 million in prizes.

Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $167 million.

The cash option for the Saturday, October 1st drawing will be an estimated $83.1 million.

The numbers drawn Wednesday night were 7, 22, 27, 48, 50 and the Powerball was 17. The Power Play multiplier was 2.

Eight players in the states of Connecticut (2), Louisiana, Missouri, New Mexico (2), Pennsylvania, and South Carolina matched all 5 white balls and won $200,000. Two additional winners at this prize level also purchased the Power Play option for a total win of $400,000.

Forty-eight players matched 4 white numbers plus the Powerball and won $10,000. Four additional players who won at this prize level also purchased the Power Play and had their $10,000 winnings multiplied by 2 to $20,000.

More than 86,000 winning Powerball players multiplied their prizes by 2 Wednesday. They were able to do that by purchasing the Power Play option for one dollar. With Power Play you multiply your Powerball winnings from 2 to 5 times, except for the jackpot. At the beginning of each drawing a wheel is spun to select that night's multiplier.

Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels.

Players purchased more than $31 million in tickets between Sunday and Wednesday night.

The lotteries sold more than $2 billion in Powerball tickets in FY05. That translates into more than $600 million for worthwhile state projects.

Lottery Post Staff

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20 comments. Last comment 11 years ago by Chewie.
Page 1 of 2

United States
Member #379
June 5, 2002
11296 Posts
Offline
Posted: September 29, 2005, 9:42 am - IP Logged

I expected a bigger jump. If a single winner makes the wrong choice, they will win the largest annuity in US lottery history.

    mt7895's avatar - kanji for_peace.jpg
    New Member

    United States
    Member #4397
    April 21, 2004
    21 Posts
    Offline
    Posted: September 29, 2005, 9:56 am - IP Logged
    New Mexico: 6% State Tax- $334,000

    - $4,986,000
    Your net per year: $3,841,000
    Your net payout: $57,339,000
    After 30 payments: $115,230,000

    Hmm, although I would definitely choose lump sum, ...

    $3,841,000 net per year is not that bad.  I think I can live on that.

    Thinking of...

     

    man plans, GOD Laughs 


      United States
      Member #379
      June 5, 2002
      11296 Posts
      Offline
      Posted: September 29, 2005, 9:58 am - IP Logged

      mt:

      The new PB annuity INCREASES each year. You probably did not figure that in your calculation. The lump sum is now more attractive than ever.

        mt7895's avatar - kanji for_peace.jpg
        New Member

        United States
        Member #4397
        April 21, 2004
        21 Posts
        Offline
        Posted: September 29, 2005, 10:15 am - IP Logged
           

        mt:

        The new PB annuity INCREASES each year. You probably did not figure that in your calculation. The lump sum is now more attractive than ever.

        Actually, I didn't make any calculations. All I did was "cut and paste" the information off the website at

        View: USA Mega — Powerball and Mega Millions Results and News

        But thanks for the info....  by the way, is there a site where it shows the annuity payout for each year?  Just curious as to exactly how much the new PB annuity increases each year.

        Coffee 

          Dream's avatar - dragon1

          United States
          Member #2399
          September 28, 2003
          143 Posts
          Offline
          Posted: September 29, 2005, 10:36 am - IP Logged
          New Mexico: 6% State Tax- $334,000

          - $4,986,000
          Your net per year: $3,841,000
          Your net payout: $57,339,000
          After 30 payments: $115,230,000

          Hmm, although I would definitely choose lump sum, ...

          $3,841,000 net per year is not that bad.  I think I can live on that.

          Thinking of...

           

          man plans, GOD Laughs 

          New POWEBALL payout info based on a $30M jackpot.

          Payment No.Graduated Payments (Rounded)% of Total Annuity Prize
            1   $535,0001.78300991336613%
            2   $556,0001.85433030990078%
            3   $578,0001.92850352229681%
            4   $601,0002.00564366318868%
            5   $626,0002.08586940971623%
            6   $651,0002.16930418610488%
            7   $677,0002.25607635354907%
            8   $704,0002.34631940769104%
            9   $732,0002.44017218399868%
          10   $761,0002.53777907135862%
          11   $792,0002.63929023421297%
          12   $823,0002.74486184358149%
          13   $856,0002.85465631732475%
          14   $891,0002.96884257001774%
          15   $926,0003.08759627281845%
          16   $963,0003.21110012373119%
          17$1,002,0003.33954412868043%
          18$1,042,0003.47312589382765%
          19$1,084,0003.61205092958076%
          20$1,127,0003.75653296676399%
          21$1,172,0003.90679428543455%
          22$1,219,0004.06306605685193%
          23$1,268,0004.22558869912601%
          24$1,319,0004.39461224709105%
          25$1,371,0004.57039673697469%
          26$1,426,0004.75321260645368%
          27$1,483,0004.94334111071182%
          28$1,543,0005.14107475514030%
          29$1,604,0005.34671774534591%
          30$1,668,000 5.56058645515974%
          Payment Total$30,000,000


          If the jackpot is $167M your first payment would be $535,000 *($167M/30)~2,978,166 and last  is about $9,285,200

            Avatar
            Atlanta
            United States
            Member #15989
            May 24, 2005
            183 Posts
            Offline
            Posted: September 29, 2005, 12:44 pm - IP Logged

            Why is powerball not rising as fast...just seems that the jumps used to be bigger, maybe my imagination

              Avatar

              United States
              Member #21574
              September 11, 2005
              138 Posts
              Offline
              Posted: September 29, 2005, 1:54 pm - IP Logged

               

              The ANNUITY is ALWAYS the BEST deal !!!!!! 

              You show me HOW YOU get to invest the Lump Sum, in full, TAX FREE  in T-Bills for a better than 200% return GUARANTEED (100% cash buy-in and 100+% dividends over 29 yrs less 25% fed) and I'll take the cash.  Otherwise, the only thing guaranteed is you WILL get HIT 25% off the top of your precious lump sum.

              Are YOU smart enough to take the Annuity ?

              Annuities are for Lovers...LUMPs are for LOSERS !!!!!

                Avatar

                United States
                Member #1826
                July 11, 2003
                2645 Posts
                Offline
                Posted: September 29, 2005, 2:45 pm - IP Logged

                 

                The ANNUITY is ALWAYS the BEST deal !!!!!! 

                You show me how you get to invest the Lump Sum TAX FREE in FULL in T-Bills for a better than 100% return GUARANTEED and I'll take the cash.

                Are YOU smart enough to take the Annuity ?

                Annuities are for lovers...cash is for LOSERS !!!!!

                Well I don't know about T-Bills, but there are a lot of high yield savings accounts out there. You put the cash in an Orange Savings deal for 30 years, and you end up with $171 million plus.

                (insert signature here)

                  Avatar

                  United States
                  Member #21574
                  September 11, 2005
                  138 Posts
                  Offline
                  Posted: September 29, 2005, 2:56 pm - IP Logged

                   

                  Orange Savings @ 3.3% APY .....You must be nuts....did you think you would get 33% APY ?!?!?

                    Avatar
                    Greenwich, CT
                    United States
                    Member #4793
                    May 24, 2004
                    1822 Posts
                    Offline
                    Posted: September 29, 2005, 3:13 pm - IP Logged

                    "Annuities are for Lovers"

                    Sounds like a bad tourism campaign slogan in the making to me!


                      United States
                      Member #379
                      June 5, 2002
                      11296 Posts
                      Offline
                      Posted: September 29, 2005, 6:22 pm - IP Logged

                      I don't see a ring to it. It worked for Virginia tourism many years ago however.

                        Avatar
                        Sparta, NJ
                        United States
                        Member #18331
                        July 9, 2005
                        1977 Posts
                        Offline
                        Posted: September 29, 2005, 6:25 pm - IP Logged

                         

                        The ANNUITY is ALWAYS the BEST deal !!!!!! 

                        You show me HOW YOU get to invest the Lump Sum, in full, TAX FREE  in T-Bills for a better than 200% return GUARANTEED (100% cash buy-in and 100+% dividends over 29 yrs less 25% fed) and I'll take the cash.  Otherwise, the only thing guaranteed is you WILL get HIT 25% off the top of your precious lump sum.

                        Are YOU smart enough to take the Annuity ?

                        Annuities are for Lovers...LUMPs are for LOSERS !!!!!

                        Are you the same guy who caught the rabies from MadDog on another thread? Obviously you're the only individual in the world who can't improve on the government investment concept. By the way, the governemt looses money on everything they touch. Buy you books and buy you bnooks and you chew on the covers.

                        Cheers

                        |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                        I only trust myself - and that's a questionable choice


                          United States
                          Member #379
                          June 5, 2002
                          11296 Posts
                          Offline
                          Posted: September 29, 2005, 6:35 pm - IP Logged

                          Here in the Northeast there's a canine flu going around. So I guess it's possible.

                            Avatar
                            Bethesda, Maryland
                            United States
                            Member #16901
                            June 6, 2005
                            446 Posts
                            Offline
                            Posted: September 29, 2005, 8:35 pm - IP Logged

                            US Flag

                            Thanks Green Dragon for doing my Homework for me.....I hate Math...you make it so much easier......(BTW) Chewie....your Blog(above) is cute and funny...