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Powerball lottery jackpot hits record $365 million

PowerballPowerball: Powerball lottery jackpot hits record $365 million

Get up and go to work. You didn't win the big one.

The multi-state lottery operators in Des Moines, Iowa, reported today that no one won last night's $300 million Powerball jackpot. That means the jackpot will grow to $365 million for Saturday night, if sales continue along their historical patterns.

If sales are higher than expected, the jackpot could grow even larger by Saturday.

Such a drawing will top the previous record North American lottery jackpot of $363 million. The previous largest pot was won by two ticket holders in Illinois and Michigan in a multi-state game called the Big Game, and now known as Mega Millions.

Sellers of tickets around the nation can expect longer lines, and online websites offering ticket services are expected to reach capacity quickly.

The amount is the total, before taxes, if the prize is paid out in annual installments. As a single cash award, the payout is more than $177 million.

Such a cash payout would top the $164,410,058.03 won by an Oregon family in October.

The numbers drawn last night were 3, 13, 35, 39 and 40, with a Powerball of 37.

Sixteen tickets in last night's drawing matched the first 5 numbers for a $200,000 prize: 2 from Indiana (both with Power Play), 1 from Minnesota, 2 from Missouri, 2 from Nebraska, 4 from Pennsylvania, 1 from South Carolina, 1 from South Dakota, and 3 from Wisconsin.

Players who purchased their tickets with the Power Play option had their prize multiplied by 5 times, making the two Indiana winners instant millionaires.   

The odds of winning the big Powerball prize remain the same: 1 in 146,107,962.

Tomorrow night's Mega Million lottery jackpot is also huge, $145 million.  New Jersey, Maryland and New York are among 12 states that sell tickets in that lottery.

Lottery Post Staff

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49 comments. Last comment 11 years ago by libra926.
Page 1 of 4
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Coastal Georgia
United States
Member #2653
October 30, 2003
1866 Posts
Offline
Posted: February 16, 2006, 11:26 am - IP Logged

I'm ready to be the new record holder !!!!!!!!!!!!

DD

 

                               

              

 

 

    weshar75's avatar - Lottery-042.jpg
    Mcminnville, Oregon
    United States
    Member #3013
    December 13, 2003
    3052 Posts
    Offline
    Posted: February 16, 2006, 11:27 am - IP Logged

    There is only two states that this record is going to land in and that is West Virginia or my favorite Oregon because none of the other jursidiction know nothing about setting records.-weshar75

      mylollipop's avatar - Trek STLOGO6.png

      United States
      Member #24380
      October 21, 2005
      623 Posts
      Offline
      Posted: February 16, 2006, 11:49 am - IP Logged

      Oh my goodness, it is Thursday and the Powerball rolled over! DanceNow I can see how people just don't realize they have won.  I just forgot last night being WEDNESDAY.  I had better pay close attention to the big SATURDAY.  Move over Jack, you won my PB in 2002!  Now I am gonna win it in 2006!  And no, I will not but a helicopter, just a Dodge Ram fully loaded 4X4 double cab.  There is gonna be a celebration Celebration [Album Version] Yahoo! Party

        BabyJC's avatar - Lottery-031.jpg

        United States
        Member #3271
        January 7, 2004
        148 Posts
        Offline
        Posted: February 16, 2006, 12:01 pm - IP Logged

        I had an appointment near the state line this morning, so I bought 12 Powerball and 4 Mega Millions.  The fever is strong Smile

          Avatar
          Morrison, IL
          United States
          Member #4657
          May 13, 2004
          1884 Posts
          Offline
          Posted: February 16, 2006, 12:25 pm - IP Logged

          Um, there's no way the jackpot can increase for Saturday because of Powerball's "share the wealth" feature. Any unexpected increase in sales will only add to the match 5 bonus pool, not the jackpot.

            Avatar

            United States
            Member #434
            June 30, 2002
            675 Posts
            Offline
            Posted: February 16, 2006, 12:36 pm - IP Logged

            Um, there's no way the jackpot can increase for Saturday because of Powerball's "share the wealth" feature. Any unexpected increase in sales will only add to the match 5 bonus pool, not the jackpot.

            So? Is 365 Mil/177 Mil Cash not enough for you?

              Avatar
              NY
              United States
              Member #23835
              October 16, 2005
              3474 Posts
              Offline
              Posted: February 16, 2006, 12:55 pm - IP Logged

              Um, there's no way the jackpot can increase for Saturday because of Powerball's "share the wealth" feature. Any unexpected increase in sales will only add to the match 5 bonus pool, not the jackpot.

              It's a news story, so don't expect accuracy or you'll only be disappointed. You'll notice that the headline also calls it a record. It is the first time that Powerball will pay more than the $170 million that  Jack Whittaker won 3 years ago, but it's still about 7 million shy of the real US record, which is the Mega Millions game won in California back in mid-November. Before that the record was the $180 million paid by the Big Game and split by two winners in 2000. If PB rolls one more time, then it will be a US record, and may or may not also get the record for the largest single winner.  A single winner is the second most likely outcome for the next couple of draws.

                Avatar
                New Member
                South Carolina
                United States
                Member #31426
                January 29, 2006
                1 Posts
                Offline
                Posted: February 16, 2006, 1:09 pm - IP Logged

                Hey there I play powerball in S.C. A lot of times when the jackpot is high They dont have live drawings        They say they are experiencing Tech. difficulties        Does that happen in your state also.

                  mylollipop's avatar - Trek STLOGO6.png

                  United States
                  Member #24380
                  October 21, 2005
                  623 Posts
                  Offline
                  Posted: February 16, 2006, 1:34 pm - IP Logged

                  There is only two states that this record is going to land in and that is West Virginia or my favorite Oregon because none of the other jursidiction know nothing about setting records.-weshar75

                  West Virginia can forget!  They win, win, and win, and Jack did the 320 PB!!!  Louisiana is due for the big landing, baby, due, due, due! for the Landing; especially after Hurricane Katrina. We are due dahlin'   Me permettrez-vous de le gagner et apprécier tout le chéri ? , ¿Me dejará usted ganar y disfrutar de todo esto querido?  Then I can dance all night to the song Celebration [Album Version]Party

                    mylollipop's avatar - Trek STLOGO6.png

                    United States
                    Member #24380
                    October 21, 2005
                    623 Posts
                    Offline
                    Posted: February 16, 2006, 1:52 pm - IP Logged

                    I had an appointment near the state line this morning, so I bought 12 Powerball and 4 Mega Millions.  The fever is strong Smile

                    Thanks BabyJC.  Every little purchase helps my jackpot. Wink

                      Avatar
                      Englewood, Colorado
                      United States
                      Member #19108
                      July 25, 2005
                      51 Posts
                      Offline
                      Posted: February 16, 2006, 1:54 pm - IP Logged

                      Um, there's no way the jackpot can increase for Saturday because of Powerball's "share the wealth" feature. Any unexpected increase in sales will only add to the match 5 bonus pool, not the jackpot.

                      I don't believe your statement is accurate. Powerball rules state that only anything in excess of $25 million wagered for the next drawing goes to the bonus pool.

                      So if $50 million were wagered, $25 million would go to the jackpot and the other $25 million would go to the bonus pool. Check it out.

                        Avatar
                        NY
                        United States
                        Member #23835
                        October 16, 2005
                        3474 Posts
                        Offline
                        Posted: February 16, 2006, 2:58 pm - IP Logged

                        Um, there's no way the jackpot can increase for Saturday because of Powerball's "share the wealth" feature. Any unexpected increase in sales will only add to the match 5 bonus pool, not the jackpot.

                        I don't believe your statement is accurate. Powerball rules state that only anything in excess of $25 million wagered for the next drawing goes to the bonus pool.

                        So if $50 million were wagered, $25 million would go to the jackpot and the other $25 million would go to the bonus pool. Check it out.

                        Ryan has it right, and you do to, sort of. Ryanm's reference to "any unexpected increase" is about any sales beyond what it will take to generate the 365 that's advertised. If only $50 million is wagered they won't even come close to 365 because only 30% of tickets sales goes to the jackpot prize pool. The cash sum for the next drawing is almost 32 million higher than the previous draw, and requires almost $107 million in ticket sales.

                        The annuity prize increase is limited to 25 million, which currently requires ticket sales of about $40 million. IMNSHO, applying the cap to the annuity instead of the cash is a stupid and unfair way to do it because fluctuating interest rates mean that the increase in the cash prize will vary. Right now the cash value is just under 50% of the annuity, so a $25 million increase means the cash  option goes up by a bit more than $12 million.  If interest rates go up a few points the annuity will go up significantly and the cash value might only go up by $10 million. I think it's patently unfair that the next winner would get  $12 million from each draw's sales but a winner a few moinths up the road might only get $10 million from each. Of course if I get 5 numbers I'll be able to live with the unfairness. The PB marketing hype is clearly targeted at people foolish enough to believe that the claimed annuity prize is the number that tells you how much you might win.

                          MADDOG10's avatar - smoke
                          Beautiful Florida
                          United States
                          Member #5709
                          July 18, 2004
                          20119 Posts
                          Offline
                          Posted: February 16, 2006, 5:16 pm - IP Logged

                          There is only two states that this record is going to land in and that is West Virginia or my favorite Oregon because none of the other jursidiction know nothing about setting records.-weshar75

                          West Virginia can forget!  They win, win, and win, and Jack did the 320 PB!!!  Louisiana is due for the big landing, baby, due, due, due! for the Landing; especially after Hurricane Katrina. We are due dahlin'   Me permettrez-vous de le gagner et apprécier tout le chéri ? , ¿Me dejará usted ganar y disfrutar de todo esto querido?  Then I can dance all night to the song Celebration [Album Version]Party

                          weeeeeeeeeeeeeeee....!

                                                                       

                                                                         "  When Injustice Becomes Law, Resistance Becomes Duty "

                            fxdwg's avatar - animal bear.jpg

                            United States
                            Member #2870
                            November 25, 2003
                            76 Posts
                            Offline
                            Posted: February 16, 2006, 7:16 pm - IP Logged

                            What would be real nice if about twenty or so are lucky enough to all get a piece of the pie

                            Hyper