$300 MILLION: Massive Powerball jackpot fuels New Year's dreams

Dec 27, 2015, 6:13 pm (87 comments)

Powerball

By Todd Northrop

Lottery players looking to start off 2016 by with a bang might want to consider purchasing a Powerball ticket this week.

For only the third time this year, the multi-state Powerball lottery jackpot has crossed the $300 million level, which traditionally triggers a substantial up-tick in lottery ticket sales.

Wednesday's $300 million jackpot was achieved after no winning tickets were sold for Saturday night's $255 million grand prize.

The lump-sum cash payout value of Saturday's Powerball jackpot is $184.2 million — the 21st-largest ever recorded in United States lottery history.

Players looking to calculate what they would receive after the initial federal and state tax withholdings can find it all pre-calculated for each Powerball jurisdiction 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).

Wednesday's grand prize is the result of 15 consecutive draws without a winner.  The run-up started as a $40 million prize on Nov. 7.

The winning numbers for Saturday, December 26, 2015 were 27, 40, 44, 59, and 65, with Powerball number 20.  The Power Play number was 2.

In addition to the jackpot remaining intact Saturday night, there were also no second prize winners of $1,000,000. Second prize is won by matching the first five numbers but not the Powerball number.

21 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 1 was purchased with the Power Play option, increasing the prize to $100,000.

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.  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.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $45 million from its previous amount of $255 million. The cash value was raised by $25.8 million from its previous amount of $158.4 million.

The next Powerball drawing will take place Wednesday day 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 44 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 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.

Lottery Post Staff

Comments

jjtheprince

Everyone is cursed with "can't win" I expect this to roll to $1,000,000,000!

hearsetrax's avatarhearsetrax

Quote: Originally posted by jjtheprince on Dec 27, 2015

Everyone is cursed with "can't win" I expect this to roll to $1,000,000,000!

should be a good win for somebody or an even more curious start for the new year Party

best of luck every one

music*'s avatarmusic*

When I win it I will follow Will Rogers' advice,"I am more concerned about the return of my money than the return on it."  I will invest $50,000,000.00 of the Lump Sum into CDARS. Look at it on CDARS.com 

 Good Luck to all LP Members and Staff!! Come on and win it.Party

noise-gate

This is the perfect time to hit it!

Make it happen California. 

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by hearsetrax on Dec 27, 2015

should be a good win for somebody or an even more curious start for the new year Party

best of luck every one

Green laugh

Dang hearsetrax!

That was perfect!

weshar75's avatarweshar75

 I would like to split this jackpot with my mother so we can have a nice party.  Of course I can share with someone else too and my mother for a three way split $150 million for me and mom and $150 million for someone else.-weshar75

US Flag

Teddi's avatarTeddi

Quote: Originally posted by rcbbuckeye on Dec 27, 2015

Green laugh

Dang hearsetrax!

That was perfect!

I Agree! I was thinking the same thing. Perfect response to a stupid comment.

Good luck to everyone!!!!!! It would be a fantastic way to ring in the new year

realtorjim

Quote: Originally posted by weshar75 on Dec 27, 2015

 I would like to split this jackpot with my mother so we can have a nice party.  Of course I can share with someone else too and my mother for a three way split $150 million for me and mom and $150 million for someone else.-weshar75

US Flag

Make sure you get a notarized statement BEFORE the drawing stating you and your mother have equal shares in the ticket, and each of you have contributed half the cost of the tickets.  Else the IRS may be saying what you give your mother is a gift and invoke the EXTREMELY high gift tax rate.  This is AFTER it has  already been taxed to YOU as income.

music*'s avatarmusic*

weshar75, I have found that when I sleep on an irreversible decision I make a better one  the next day.

 Good Luck to you and I hope there is a win it for Oregon and yourself.

 I agree with realtorJim. You could use legal counsel.

jjtheprince

Quote: Originally posted by Teddi on Dec 27, 2015

I Agree! I was thinking the same thing. Perfect response to a stupid comment.

Good luck to everyone!!!!!! It would be a fantastic way to ring in the new year

Hearse trax has always been my #1 hater for no good reason.

That was a smart comment too, rolling to $2,000,000,000 wouldn't even shock me with this one.

travelintrucker's avatartravelintrucker

Billion dollars before February? It's getting pretty exciting!

Groppo's avatarGroppo

Quote: Originally posted by music* on Dec 27, 2015

When I win it I will follow Will Rogers' advice,"I am more concerned about the return of my money than the return on it."  I will invest $50,000,000.00 of the Lump Sum into CDARS. Look at it on CDARS.com 

 Good Luck to all LP Members and Staff!! Come on and win it.Party

Well, I'm not sure I follow it in detail, all the way, but something tells me it's a good thing.

sully16's avatarsully16

Quote: Originally posted by jjtheprince on Dec 27, 2015

Everyone is cursed with "can't win" I expect this to roll to $1,000,000,000!

I expect Michigan to clean house on this one. Hyper Hurray! Dance

mypiemaster's avatarmypiemaster

About time somebody from LP won this thing. It is way overdue.

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