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$200 MILLION: New Powerball delivers huge lottery jackpot

PowerballPowerball: $200 MILLION: New Powerball delivers huge lottery jackpot
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By Todd Northrop

There was no jackpot winner in the Wednesday night drawing of the multi-state Powerball game, causing the grand prize to increase to an estimated $200 million for Saturday's drawing.

Wednesday was the 11th consecutive drawing without a jackpot winner — the fifth since the game format, prizes, and price changed.

The estimated cash value for the new jackpot is $125.1 million. After-tax cash and annuity prize amounts are reported state-by-state 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.

Even though there were no jackpot winners, 3 lucky players matched the first 5 numbers for a $1 million prize: 1 from Kentucky, 1 from Pennsylvania, and 1 from Texas.

None of the second prize winners had purchased the Power Play option for an extra $1, which would have increased their second prize win to $2 million.  In fact, the game hasn't yet seen its first $2 million Power Play winner since Powerball changed the prize structure starting with the Jan. 18, 2012, drawing.

41 tickets matched four white numbers plus the Powerball and won $10,000. Of those tickets, 5 were purchased with the Power Play option, increasing the prize to $40,000.

The Powerball winning numbers for Wednesday, February 1, were 8, 13, 17, 34, and 59, with Powerball number 35.

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 42 states, plus the District of Columbia and the U.S. Virgin Islands. Drawings are Wednesdays and Saturdays at 11:00 p.m. Eastern Time.  Tickets cost $2 each.

Powerball lottery results are published within minutes of the drawing at USA Mega.

Lottery Post Staff

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111 comments. Last comment 5 years ago by KY Floyd.
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dpoly1's avatar - driver
PA
United States
Member #66141
October 16, 2008
1672 Posts
Offline
Posted: February 2, 2012, 7:36 am - IP Logged

$81,315,000 after 35% Federal Confiscatory Tax!

Woo Hoo ............... Green With Money On Saturday!

Dance

    hearsetrax's avatar - 0118

    United States
    Member #52345
    May 21, 2007
    2657 Posts
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    Posted: February 2, 2012, 7:40 am - IP Logged

    $81,315,000 after 35% Federal Confiscatory Tax!

    Woo Hoo ............... Green With Money On Saturday!

    Dance

    Roll Eyes and live from the peanut gallery theater


      United States
      Member #111442
      May 25, 2011
      6323 Posts
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      Posted: February 2, 2012, 7:40 am - IP Logged

      Keep on a rollin PB........KEEP ON A ROLLIN!!!   HyperBananaSun Smiley

      Will someone from LP become the first $2 million winner this Saturday? Only if your willing to play $3/tic.

        Avatar
        East of Columbus, OH
        United States
        Member #120843
        December 28, 2011
        447 Posts
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        Posted: February 2, 2012, 8:22 am - IP Logged

        Still not sure about the $2 a play, but $200,000,000 seems like it might be worth it . . .Sun Smiley

        Life's Too Short To Be Unhappy Cool

          mightwin's avatar - questns

          United States
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          January 5, 2011
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          Posted: February 2, 2012, 8:28 am - IP Logged

          So many people forget or don't know bout that extra 10% owed (25% withheld +10% at end of year).  I knew of someone who won $300,000 on a scratch off, gave his kids part of it but forgot/didn't realize his city wanted their cut too....ouch!!!!

            hearsetrax's avatar - 0118

            United States
            Member #52345
            May 21, 2007
            2657 Posts
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            Posted: February 2, 2012, 8:38 am - IP Logged

            Keep on a rollin PB........KEEP ON A ROLLIN!!!   HyperBananaSun Smiley

            Will someone from LP become the first $2 million winner this Saturday? Only if your willing to play $3/tic.

            not on your life .......

            Tickets are already too bleepin expensive Twitch


              United States
              Member #111442
              May 25, 2011
              6323 Posts
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              Posted: February 2, 2012, 8:40 am - IP Logged

              Still not sure about the $2 a play, but $200,000,000 seems like it might be worth it . . .Sun Smiley

              Once you win....and are walking out the lottery office with your warm and freshly printed check, to your awaiting limo and champagne........It'll be worth the extra $1.     Banana

                dpoly1's avatar - driver
                PA
                United States
                Member #66141
                October 16, 2008
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                Posted: February 2, 2012, 8:48 am - IP Logged

                So many people forget or don't know bout that extra 10% owed (25% withheld +10% at end of year).  I knew of someone who won $300,000 on a scratch off, gave his kids part of it but forgot/didn't realize his city wanted their cut too....ouch!!!!

                Here is Pennsylvania, there are no State or Local taxes on Lottery Winnings .......... just the Federal Confiscation

                Drum

                Just waiting for that wire transfer from Middletown Pennsylvania ................


                  United States
                  Member #111442
                  May 25, 2011
                  6323 Posts
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                  Posted: February 2, 2012, 8:58 am - IP Logged

                  not on your life .......

                  Tickets are already too bleepin expensive Twitch

                  Not everyone can afford to play the big lotteries........ or were meant to.   No No

                    CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                    TX
                    United States
                    Member #121193
                    January 4, 2012
                    1637 Posts
                    Offline
                    Posted: February 2, 2012, 9:17 am - IP Logged

                    So many people forget or don't know bout that extra 10% owed (25% withheld +10% at end of year).  I knew of someone who won $300,000 on a scratch off, gave his kids part of it but forgot/didn't realize his city wanted their cut too....ouch!!!!

                    Guess one thing you could do is take that extra 10% (beyond the mandatory 25% federal tax initially takenBS) put it in a CD for 6 months or a year (if time permits). At least you get some interest income before Uncle Sam takes his cut(again).....Check to the IRS to be mailed on April 15th of the following year, of course. Patriot

                    Stay Positive, Believe and good things will come your way

                      CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                      TX
                      United States
                      Member #121193
                      January 4, 2012
                      1637 Posts
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                      Posted: February 2, 2012, 9:55 am - IP Logged

                      $81,315,000 after 35% Federal Confiscatory Tax!

                      Woo Hoo ............... Green With Money On Saturday!

                      Dance

                      Well DP, I think I could live with 4% interest on 81 & change(3.2 million a year).....Actually I think I could give away 90% of the 81 million(leaving me with 8 million), spend a million on the house and toys etc etc and still live quite nicely on 4% interest off of the remaining 7 million.(roughly $280,000/yr  in interest income )....Okay, you talked me into it. I am going to buy a couple of tickets and win!   Wooo Hoooo Hurray!

                      Stay Positive, Believe and good things will come your way

                        dpoly1's avatar - driver
                        PA
                        United States
                        Member #66141
                        October 16, 2008
                        1672 Posts
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                        Posted: February 2, 2012, 10:39 am - IP Logged

                        Well DP, I think I could live with 4% interest on 81 & change(3.2 million a year).....Actually I think I could give away 90% of the 81 million(leaving me with 8 million), spend a million on the house and toys etc etc and still live quite nicely on 4% interest off of the remaining 7 million.(roughly $280,000/yr  in interest income )....Okay, you talked me into it. I am going to buy a couple of tickets and win!   Wooo Hoooo Hurray!

                        Where are you getting 4% interest these days ?   Crazy

                          CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                          TX
                          United States
                          Member #121193
                          January 4, 2012
                          1637 Posts
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                          Posted: February 2, 2012, 10:59 am - IP Logged

                          Where are you getting 4% interest these days ?   Crazy

                          That would be chatting with a close friend and  former coworker now trustfund recipeint getting between 4-5 %  annually..I did see 8 out of 12  monthly checks he got this past year from the fund of 5 million.... have to ask the broker on that one

                          Stay Positive, Believe and good things will come your way

                            OldSchoolPa's avatar - Lottery-057.jpg
                            Gurnee, Illinois
                            United States
                            Member #49731
                            February 12, 2007
                            917 Posts
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                            Posted: February 2, 2012, 11:01 am - IP Logged

                            Still not sure about the $2 a play, but $200,000,000 seems like it might be worth it . . .Sun Smiley

                            Let me see here...$2 in my pocket or potential $80,000,000 (I only deal in cash value figure not annuitized jackpot amount since hardly anyone takes that option)????  Hmmmm, $2 or $80 mil???? Wow that is a hard call for me to make.  Two bucks can't even buy a Happy Meal or even a gallon of gas!  But you could rent a Redbox movie, get a pck of Wrigleys chewing gum, a bottle of overpriced water, or one Chapstick.  $80 million can buy most anything you like.  $2 lasts not so long in most people's pockets/wallets/purses.  $80 million can go along way and could last the shrewd, ready to be a millionaire in mindset person a lifetime or even for several generations. Of course, the person comfortable scrapping by but just hoping to win a big jackpot could blow through that money in less than 5 years.  But it is the ride that counts and I don't think you will find many former broke lottery jackpot winners really, really sorry that they actually were lucky enough to win.  Money doesn't cause problems.  People's attitudes about it is what causes problems.  Just ask P BHO....he likes a lot of money, as long as it is coming from someone else's pockets! Party

                            I maintain a play in every drawing (thank you Illinois Lottery Subscription!!!) and I will go purchase some additional tickets because Illinois (at least as of last week) is running a special where if you purchase two plays on the same ticket, you get a free Little Lotto ticket (and that jackpot for today is $1,050,000...can you say WIN-WIN situation?!!!).  So just visualizing the numbers that will roll this weekend so I can go make my play of 1 own pick and 1 QP.

                            Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                            The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!