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$330 MILLION: Powerball jackpot quickly ramping up

Topic closed. 100 replies. Last post 3 years ago by CDanaT.

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New York, NY
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December 24, 2011
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Posted: February 15, 2014, 9:02 am - IP Logged

Todd I've always been a fan of megamillions even when they recently changed the matrix. But when they went to a 29 year annuity, that was the first time I hated a change in megamillions. But I still figured if thats how powerball pays their annuity then both games were still sort of equal to me. But as one member just reminded me on this thread, pb is paying about 57% cv of the jp. I figured mm must be a similar number and to my disgust I noticed it's only paying 54% and change. Todd can u explain to me why are both games paying the cv at a different rate even though both annuitys are payed in 29 years. I'll appreciate ur help. Thanks Todd and keep up the good work.

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    Posted: February 15, 2014, 9:25 am - IP Logged

    Saturday jackpot enters top 25

    By Todd Northrop

    Powerball is on a roll.  For the 5th time in the past year, a Powerball jackpot run-up has crossed the threshold to the top 25 jackpots of all time.

    The new high-water mark of $330 million for the current Powerball jackpot was achieved after no winning tickets were sold for Wednesday night's $286.1 million grand prize.

    The lump-sum cash payout value of Saturday's Powerball jackpot is $189 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.

    The largest Powerball jackpot ever awarded was on May 18, 2013, when Gloria C. MacKenzie of Zephyrhills, Florida, held the solitary winning ticket for a grand prize worth nearly $600 million (see Winner of record $590.5 million Powerball lottery jackpot announced, Lottery Post, June 5, 2013).

    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 $284 million, but by the time all the proceeds were counted just before draw-time, the jackpot had swelled to $286.1 million.

    The mammoth prize is the result of 14 consecutive draws without a winner.  The run-up started as a $40 million prize on Dec. 28, 2013.

    The winning numbers for Wednesday, February 12, 2014 were 36, 44, 49, 52, and 57, with Powerball number 1.  The Power Play number was 2.

    Even though nobody won the jackpot Wednesday, 8 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Florida, 1 from Idaho, 1 from Michigan, 1 from New York, 2 from Pennsylvania, and 1 from West Virginia.

    The California second-prize winner will be awarded $723,452, because California does not award fixed prizes. 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.  Because there was only one second-prize winner in California, that one ticket will take home the entire pool of money allocated for second prize.

    None of the second-prize tickets was purchased with the Power Play option.  If a second-prize ticket were purchased with the Power Play option, the prize would automatically be 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.

    42 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 $20,000, and 7 of the tickets were sold in California, where the prize was worth $8,207 this drawing.

    Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised $43.9 million from its previous amount of $286.1 million. The cash value was raised by $25.1 million from its previous amount of $163.9 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 lottery 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.

    Top 25 United States lottery jackpots of all time

    Saturday's Powerball jackpot currently stands tied for the 17th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Saturday 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 Saturday, it's anyone's guess how high it will go.

    1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
    2. Mega Millions: $648 million, Dec. 17, 2013 - California, Georgia
    3. Powerball: $590.5 million, May 18, 2013 - Florida
    4. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
    5. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
    6. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
    7. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
    8. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
    9. Powerball: $365 million, Feb. 18, 2006 - Nebraska
    10. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
    11. Powerball: $340 million, Oct. 19, 2005 - Oregon
    12. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
    13. Powerball: $337 million, Aug. 15, 2012 - Michigan
    14. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
    15. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
    16. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
    17. Powerball: $330 million, Feb. 15, 2014 - Preliminary estimate, not won yet
    18. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
    19. Mega Millions: $319 million, Mar. 25, 2011 - New York
    20. Mega Millions: $315 million, Nov. 15, 2005 - California
    21. Powerball: $314.9 million, Dec. 25, 2002 - West Virgina
    22. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
    23. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
    24. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
    25. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts

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

    • Powerball: 14
    • Mega Millions: 9
    • 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 25 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 ranks as the 15th-largest cash value in U.S. history.

    1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
    2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
    3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
    4. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
    5. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
    6. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
    7. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
    8. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
    9. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
    10. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
    11. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
    12. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
    13. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
    14. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
    15. Powerball: $189 million cash, Feb. 15, 2014 ($330 million annuity) - Preliminary estimate, not won yet
    16. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
    17. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
    18. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
    19. Powerball: $170.5 million cash, Dec. 25, 2002 ($314.9 million annuity) - West Virginia
    20. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
    21. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
    22. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
    23. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
    24. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
    25. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio

    The number of jackpot cash values in the top 25, by lottery game, are:

    • Mega Millions: 12
    • Powerball: 12
    • The Big Game: 1

    I don't know the jackpot never so high it was $284 last night? You must won the jackpot in order to win a CASH PRIZES!!!

      pickone4me's avatar - 021414tvlies zpsa453b327.jpg
      Wisconsin
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      Posted: February 15, 2014, 10:46 am - IP Logged

      Gee I wonder which of the usual states will win the jack pot.


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        Posted: February 15, 2014, 11:07 am - IP Logged

        Gee I wonder which of the usual states will win the jack pot.

        probably one of the states that sell boatloads more tickets than your state. it cannot possibly matter what state you buy your ticket in. no such thing as a lucky state or a lucky store that happens to be on a state border thus selling more tickets than a store in the middle of a state. it's all the luck of a quic-pic (ugh) a gutless way to play or your expertise in filling out a card is all that matters.

          LottoMetro's avatar - Lottery-024.jpg
          Happyland
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          Posted: February 15, 2014, 11:17 am - IP Logged

          I don't know the jackpot never so high it was $284 last night? You must won the jackpot in order to win a CASH PRIZES!!!

          They've gotten so frequent that people just get tired of saying "million" and all, so they abbreviate it Naughty

          PB supposed to roll to $400/$227.8M if nobody wins tonight Big Grin

          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

          2016: -48.28% (13 tickets) ||
          P&L % = Total Win($)/Total Wager($) - 1

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
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            Posted: February 15, 2014, 11:26 am - IP Logged

            Todd I've always been a fan of megamillions even when they recently changed the matrix. But when they went to a 29 year annuity, that was the first time I hated a change in megamillions. But I still figured if thats how powerball pays their annuity then both games were still sort of equal to me. But as one member just reminded me on this thread, pb is paying about 57% cv of the jp. I figured mm must be a similar number and to my disgust I noticed it's only paying 54% and change. Todd can u explain to me why are both games paying the cv at a different rate even though both annuitys are payed in 29 years. I'll appreciate ur help. Thanks Todd and keep up the good work.

            Since Todd may be busy, I will attempt to explain this to you. Both MM and PB annuities are no longer equal, average payments but heavily back end loaded and work off a graduated annualized payment.

            MM is more back end weighted than PB and carries a 5% annual increase while PB has a 4% increase. FYI, the larger the annual increase the less someone would receive initially.

            ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

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              Place noon can live
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              Posted: February 15, 2014, 1:42 pm - IP Logged

              Winner Party

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
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                Posted: February 15, 2014, 4:46 pm - IP Logged

                Gee I wonder which of the usual states will win the jack pot.

                I am voting for Texas or Florida since I have a vested interest in both  Blue Angel

                Stay Positive, Believe and good things will come your way

                  OldSchoolPa's avatar - Lottery-057.jpg
                  Gurnee, Illinois
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                  Posted: February 15, 2014, 4:56 pm - IP Logged

                  I have tickets in a pool plus I have my own.

                  I can only hope.

                  Although I do not get hyped whether the jackpot is $330 million or even $650 million, I do make sure I have a play in for every drawing. I am even keeled in my emotions regarding the lottery since I know that the jackpot size does not impact me until I happen to have the 6 winning numbers. Until then, it is all dream land and possibilities, but no reality.

                  So the jackpot is $330 million...big whoop! I won't do anything different than buy a few QPs and play "my numbers." I am hopeful that my pool of one will win.  I will have to contact my legal firm on Tuesday to make up my "Pool of One LLC" but I just might change it to "POO LLC".  However, maybe "POO-NANI LLC" would be even better. Those scratching your heads on what that means obviously have not been to Jamaica.  But it could also mean "Pool of One Not A Naive Individual."

                  So that would be my hope and winning would definitely change my life, unlike someone else I won't mention. I will say it does get old when news outlets jump on the lottery jackpot bandwagon once the jackpot rolls a few times. They, and some people here, act as though $25 million before taxes is not enough for them to bother with playing it.  Well, you who do that have your reasons and I can respect that, but as for me and my wallet, we will be all in every drawing, so I can never say I never gave myself a chance to win, no matter how slim that chance might be.  If Congress people, convicts, drug addicts and crazy people can win, I sure as heck can win!

                  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!

                    Jill34786's avatar - Lottery-006.jpg
                    Windermere, FL/Franklin, TN
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                    Posted: February 15, 2014, 5:06 pm - IP Logged

                    I am voting for Texas or Florida since I have a vested interest in both  Blue Angel

                    While I do like Texas I am just a little biased toward Florida Smile

                    ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                      Teddi's avatar - Lottery-008.jpg

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                      Posted: February 15, 2014, 6:05 pm - IP Logged

                      Although I do not get hyped whether the jackpot is $330 million or even $650 million, I do make sure I have a play in for every drawing. I am even keeled in my emotions regarding the lottery since I know that the jackpot size does not impact me until I happen to have the 6 winning numbers. Until then, it is all dream land and possibilities, but no reality.

                      So the jackpot is $330 million...big whoop! I won't do anything different than buy a few QPs and play "my numbers." I am hopeful that my pool of one will win.  I will have to contact my legal firm on Tuesday to make up my "Pool of One LLC" but I just might change it to "POO LLC".  However, maybe "POO-NANI LLC" would be even better. Those scratching your heads on what that means obviously have not been to Jamaica.  But it could also mean "Pool of One Not A Naive Individual."

                      So that would be my hope and winning would definitely change my life, unlike someone else I won't mention. I will say it does get old when news outlets jump on the lottery jackpot bandwagon once the jackpot rolls a few times. They, and some people here, act as though $25 million before taxes is not enough for them to bother with playing it.  Well, you who do that have your reasons and I can respect that, but as for me and my wallet, we will be all in every drawing, so I can never say I never gave myself a chance to win, no matter how slim that chance might be.  If Congress people, convicts, drug addicts and crazy people can win, I sure as heck can win!

                      Poo-Nani is HILARIOUS, but I was tired so it took me a minute. If you can find me a good acronym for Yuh Bumbo, that'll be my LLC. ROFL

                        OldSchoolPa's avatar - Lottery-057.jpg
                        Gurnee, Illinois
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                        Posted: February 15, 2014, 6:09 pm - IP Logged

                        Poo-Nani is HILARIOUS, but I was tired so it took me a minute. If you can find me a good acronym for Yuh Bumbo, that'll be my LLC. ROFL

                        How about "YBC GMC, LLC"...."Yuh Bumbo Clot, Give Mi Cash LLC"

                        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!

                          Teddi's avatar - Lottery-008.jpg

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                          Posted: February 15, 2014, 6:13 pm - IP Logged

                          How about "YBC GMC, LLC"...."Yuh Bumbo Clot, Give Mi Cash LLC"

                          On second thought, I think it'll have to have "to rahtid" in there somewhere. It's not official unless there's a rahtid.

                            golfer1960's avatar - Lottery-003.jpg
                            Eatontown, NJ
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                            Posted: February 15, 2014, 10:47 pm - IP Logged

                            Gee I wonder which of the usual states will win the jack pot.

                            New Jersey. Yes Nod

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                              Eatontown, NJ
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                              Posted: February 15, 2014, 10:51 pm - IP Logged

                              Since Todd may be busy, I will attempt to explain this to you. Both MM and PB annuities are no longer equal, average payments but heavily back end loaded and work off a graduated annualized payment.

                              MM is more back end weighted than PB and carries a 5% annual increase while PB has a 4% increase. FYI, the larger the annual increase the less someone would receive initially.

                              Your brain is awesome.