Welcome Guest
Log In | Register )
You last visited December 2, 2016, 12:53 pm
All times shown are
Eastern Time (GMT-5:00)

$305 MILLION: Powerball lottery jackpot in rare territory

PowerballPowerball: $305 MILLION: Powerball lottery jackpot in rare territory
4.84
Rating:

15th-largest US jackpot ever; 6th-largest cash value

By Todd Northrop

For only the 15th time in the history of United States lotteries, a lottery jackpot run-up has crossed into $300 million+ territory.

The new high-water mark of $305 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $253 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $203.3 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.

The mammoth prize is the result of 14 draws without a winner.  The run-up started as a $40 million prize on June 27, 2012.

The winning numbers for Saturday, August 11, 2012 were 4, 13, 39, 46, and 51, with Powerball number 1.

Even though nobody won the jackpot Saturday, 5 lucky players matched the first 5 numbers for a $1,000,000 prize: 5 lucky players matched the first 5 numbers for a $1,000,000 prize: 2 from Florida, 1 from New Jersey, 1 from North Carolina, and 1 from Pennsylvania.

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.

66 tickets matched four white numbers plus the Powerball and won $10,000. Of those tickets, 4 were purchased with the Power Play option, increasing the prize to $40,000.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $52 million from its previous amount of $253 million. The cash value was raised by $32.8 million from its previous amount of $170.5 million.

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 (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 15th-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. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  3. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  4. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  5. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  6. Powerball: $340 million, Oct. 19, 2005 - Oregon
  7. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  8. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  9. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  10. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  11. Mega Millions: $319 million, Mar. 25, 2011 - New York
  12. Mega Millions: $315 million, Nov. 15, 2005 - California
  13. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  14. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  15. Powerball: $305 million, Aug. 15, 2012 - preliminary estimate, not won yet
  16. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  17. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  18. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  19. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
  20. Mega Millions: $275 million, Feb. 22, 2008 - Georgia
  21. Mega Millions: $270 million, Feb. 28, 2006 - Ohio
  22. Mega Millions: $266 million, May 4, 2010 - California
  23. Mega Millions: $265 million, Apr. 18, 2006 - Ohio
  24. Powerball: $261.6 million, Jun. 2, 2010 - Ohio
  25. Powerball: $261.3 million, Jul. 9, 2003 - Missouri, Pennsylvania

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

  • Mega Millions: 12
  • Powerball: 11
  • 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 20 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 is even better than the annuity, ranking as the sixth-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  3. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  4. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  5. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  6. Powerball: $203.3 million cash, Aug. 15, 2012 ($305 million annuity) - preliminary estimate, not won yet
  7. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  8. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  9. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  10. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  11. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  12. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  13. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  14. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  15. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  16. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  17. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  18. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  19. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey
  20. Mega Millions: $153.3 million cash, Dec. 27, 2011 ($208 million annuity) - New York

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.

202 comments. Last comment 4 years ago by THRIFTY.
Page 1 of 14
IPlayWeekly's avatar - avatarmoney
Columbus, Ohio
United States
Member #128906
June 5, 2012
591 Posts
Offline
Posted: August 12, 2012, 8:35 am - IP Logged

I'll buy my ticket for Wed, wish me luck

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19813 Posts
    Online
    Posted: August 12, 2012, 8:39 am - IP Logged

    PowerBall is finally in the range it was designed for, MegaMillion will just have to sat on the sideline until this run is over.

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
      Massachusetts
      United States
      Member #37433
      April 14, 2006
      2747 Posts
      Offline
      Posted: August 12, 2012, 8:52 am - IP Logged

      I'm tempted to drop $60 on this one but experience informs me that its not a guarantee that I will win much with that kind of purchase so $9 is all I'm spending. Good luck players. Thumbs Up

        Erzulieredeyes's avatar - spider miss.png
        Painesville, Ohio
        United States
        Member #117718
        October 12, 2011
        215 Posts
        Offline
        Posted: August 12, 2012, 9:01 am - IP Logged

        Now Powerball is finally getting exciting to play. I now have the urge to splurge on this game! Instead of 1 or 2 tickets I will probably buy a total of 5!

         

        POWERBALL WINNER WILL BE ME THIS WEDNESDAY!!!!!!!!!

         

        POWERBALL IF YOUR WATCHING THIS SET THE TERMINALS TO HIT PAINESVILLE, OHIO

        Thanks in advance for my winning jack-pot ticket!

        LOL

          Erzulieredeyes's avatar - spider miss.png
          Painesville, Ohio
          United States
          Member #117718
          October 12, 2011
          215 Posts
          Offline
          Posted: August 12, 2012, 9:08 am - IP Logged

          The temptation to spend more is haunting  me too. Thank god tho, they made POWERBALL $2.00 otherwise I'd prob spend $20-30 bucks on this game at the current jackpot prize level but that extra dollar keeps me in check and actually helps me budget to spend less.

           

           

          I went crazy and spent $127 when Mega Millions got over 600 MILLION and I never spend more than $5-$10 per game EVER when it's below $300 MILLION.

            Avatar
            FL
            United States
            Member #92737
            June 13, 2010
            21 Posts
            Offline
            Posted: August 12, 2012, 9:22 am - IP Logged

            With that money I'd start a part-time professional drag raging team (Full time if I land a sponsor).  Well that, and I would arrange to finance a photoshoot of my favorite UK glamour models in my house for a week. Wink

              NITEHAWK61's avatar - wings2
              WESTCHESTER/NEW YORK
              United States
              Member #25041
              October 31, 2005
              106 Posts
              Offline
              Posted: August 12, 2012, 9:25 am - IP Logged

              I am buying tickets in three states!!!

              .

                NoShame's avatar - Lottery-030.jpg
                Indiana
                United States
                Member #104853
                January 21, 2011
                159 Posts
                Offline
                Posted: August 12, 2012, 9:30 am - IP Logged

                I took some time off from playing and it looks like I'm coming back to the game just in time.


                I'll be looking to spend a lil more than $6 come Wednesday.

                  maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                  Massachusetts
                  United States
                  Member #37433
                  April 14, 2006
                  2747 Posts
                  Offline
                  Posted: August 12, 2012, 9:31 am - IP Logged

                  The temptation to spend more is haunting  me too. Thank god tho, they made POWERBALL $2.00 otherwise I'd prob spend $20-30 bucks on this game at the current jackpot prize level but that extra dollar keeps me in check and actually helps me budget to spend less.

                   

                   

                  I went crazy and spent $127 when Mega Millions got over 600 MILLION and I never spend more than $5-$10 per game EVER when it's below $300 MILLION.

                  I dropped $35 on that MegaMillions jackpot and won absolutely nothing. I was so mad!

                  That money's gone fo ever

                    Avatar
                    NEW YORK
                    United States
                    Member #90535
                    April 29, 2010
                    11974 Posts
                    Online
                    Posted: August 12, 2012, 9:37 am - IP Logged

                    I bought a $6 Powerball ticket for last night drawing, and I won $4 for a total loss of $2. My coworkers did a powerball pool for last night drawing. They bought like 50 tickets for a zero return. I was not included in the pool. They also collected the money for Wednesday drawing , and they did not ask me to participate. Good luck to them.

                    US Flag

                    PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                      hearsetrax's avatar - 0118

                      United States
                      Member #52345
                      May 21, 2007
                      2656 Posts
                      Offline
                      Posted: August 12, 2012, 9:44 am - IP Logged

                      I dropped $35 on that MegaMillions jackpot and won absolutely nothing. I was so mad!

                      No Pity!@ maringoman

                       

                      well the powerball jackpot just became very very very interesting

                      Skeptical

                      well good luck to those playing but I think we're gonna watch it roll over once more b4 b4 it gets hit in VA

                        Piaceri's avatar - sarsony1
                        Republic of Texas
                        United States
                        Member #57557
                        January 9, 2008
                        1095 Posts
                        Offline
                        Posted: August 12, 2012, 10:44 am - IP Logged

                        Here we go.......  White Bounce

                         

                        Good luck everybody!Party

                         

                        Hoping for Texas to have her first PB winner! Dance Me!

                        face

                        singlewinnersinglewinnersinglewinner   

                          LottoGuyBC's avatar - Lottery-050.jpg
                          British Columbia
                          Canada
                          Member #116101
                          September 4, 2011
                          4033 Posts
                          Offline
                          Posted: August 12, 2012, 10:47 am - IP Logged

                          $305M+ Hurray!

                          "You have to be in it to win it!"

                            rdgrnr's avatar - walt
                            Way back up in them dadgum hills, son!
                            United States
                            Member #73904
                            April 28, 2009
                            14903 Posts
                            Offline
                            Posted: August 12, 2012, 11:25 am - IP Logged

                            I bought a $6 Powerball ticket for last night drawing, and I won $4 for a total loss of $2. My coworkers did a powerball pool for last night drawing. They bought like 50 tickets for a zero return. I was not included in the pool. They also collected the money for Wednesday drawing , and they did not ask me to participate. Good luck to them.

                            You should demand to be allowed in the pool in case they win.

                            Then you can sue them for some kind of discrimination and have swarms of slimy, squirming, slithering lawyers descend on them and envelope them in an undulating, squirming, writhing, slithering ball of slime.

                            And become very rich.

                            Along with the lawyers.