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$348 MILLION: April misses bring May riches

PowerballPowerball: $348 MILLION: April misses bring May riches
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Powerball making another run at the record?

By Todd Northrop

This week Powerball will be the hot ticket, featuring a jackpot that will tempt a lot of people to take a chance at unimaginable wealth.

The new high-water mark of $348 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $314 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $226.1 million — the 12th-largest ever recorded in United States lottery history.  (See top 25 annuity and cash values below.)

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.

Wednesday's Powerball jackpot will be the biggest lottery jackpot since the world witnessed the first billion-dollar jackpot that could potentially award all that money to a single person.  As is turned out, the world-record $1.6 billion Powerball jackpot on January 13th was won by three tickets from California, Florida, and Tennessee.  The California winner has not yet claimed their share.

The mammoth prize up for grabs on Wednesday is the result of 17 consecutive draws without a winner.  The run-up started as a $40 million prize on March 5.

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 winning numbers for Saturday, April 30, 2016, were 3, 12, 16, 32, and 34, with Powerball number 14.  The Power Play number was 3.

Even though nobody won the jackpot Saturday, 3 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California and 2 from New York.

The California second-prize winner will be awarded $1,273,656, 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.

None of the second-prize winners purchased the Power Play option, which would have automatically doubled their payout to $2,000,000.  Power Play is available in all Powerball jurisdictions except California for an extra $1 per play.  The fixed nature of the prize increase offered in Power Play is not compatible with California's mandated pari-mutuel payouts.

34 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 6 were purchased with the Power Play option, increasing the prize to $150,000, and 4 of the tickets were sold in California, where the prize was worth $20,633 this drawing.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $34 million from its previous amount of $314 million. The cash value was raised by $21.4 million from its previous amount of $204.7 million.

The next Powerball drawing will take place Wednesday night at 10:59 pm Eastern Time.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, the second prize amount doubles to $2,000,000, and all other non-jackpot prizes are multiplied by the Power Play number randomly drawn that evening.

A complete list of prizes available for matching various numbers 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.

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.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 - California, Florida, Tennessee
  2. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  3. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  4. Powerball: $590.5 million, May 18, 2013 - Florida
  5. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  6. Powerball: $564.1 million, Feb. 7, 2015 - North Carolina, Puerto Rico, Texas
  7. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  8. Powerball: $425.3 million, Feb. 19, 2014 - California
  9. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  10. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  11. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  12. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  13. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  14. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  15. Powerball: $348 million, May 4, 2016 - Preliminary estimate, no winner yet
  16. Powerball: $340 million, Oct. 19, 2005 - Oregon
  17. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  18. Powerball: $337 million, Aug. 15, 2012 - Michigan
  19. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  20. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  21. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  22. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  23. Mega Millions: $321 million, Nov. 4, 2014 - New York
  24. Mega Millions: $319 million, Mar. 25, 2011 - New York
  25. Mega Millions: $315 million, Nov. 15, 2005 - California

The number of jackpots in the top 25, by lottery game, are:

  • Powerball: 13
  • Mega Millions: 10
  • 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 12th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  3. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  4. Powerball: $381.1 million cash, Feb. 7, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  5. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  6. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  7. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  8. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  9. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  10. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  11. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  12. Powerball: $226.1 million cash, May 4, 2016 ($348 million annuity) - Preliminary estimate, no winner yet
  13. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  14. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  15. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  16. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  17. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  18. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  19. Mega Millions: $197.5 million cash, Nov. 4, 2014 ($321 million annuity) - New York
  20. Powerball: $197.4 million cash, Sep. 30, 2015 ($310.5 million annuity) - Michigan
  21. Mega Millions: $194.4 million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  22. Powerball: $191.9 million cash, Mar. 2, 2016 ($291.4 million annuity) - Florida
  23. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  24. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  25. Mega Millions: $177.3 million cash, Jan. 16, 2015 ($270 million annuity) - Illinois

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

  • Powerball: 13
  • Mega Millions: 11
  • The Big Game: 1

Lottery Post Staff

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54 comments. Last comment 7 months ago by One-Day.
Page 1 of 4
weshar75's avatar - Lottery-042.jpg
Mcminnville, Oregon
United States
Member #3013
December 13, 2003
3047 Posts
Offline
Posted: May 1, 2016, 9:48 am - IP Logged

I would be happy with a cool million or second place prize this wednesday night.-weshar75

US Flag

    Avatar

    United States
    Member #173496
    March 5, 2016
    90 Posts
    Offline
    Posted: May 1, 2016, 9:48 am - IP Logged

    Let it be known....i am winning this next jackpot.

    I am playing to winSee Ya!

     

    Banana

     

    Hyper

     

    Party

      Groppo's avatar - cat anm.gif

      United States
      Member #162631
      January 7, 2015
      502 Posts
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      Posted: May 1, 2016, 10:23 am - IP Logged

      I would be happy with a cool million or second place prize this wednesday night.-weshar75

      US Flag

      That's the exact mentality I've been subscribed to, for a while.

      And that goes for either lotto, MM or PB.

      But when will it be my turn?

      Doggonit!

      • Don't chase the numbers you play.
      • Play only numbers you've already played, plus however many random picks.
      • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                (so far, though, I've yet to win any significant lotto prize)
        dpoly1's avatar - driver
        PA
        United States
        Member #66141
        October 16, 2008
        1672 Posts
        Offline
        Posted: May 1, 2016, 10:35 am - IP Logged

        US Flag

        I'll take a +/- $135,000,000 after-tax bump in my bank account!

        dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

         

        Eschew Poverty ........... Vote Conservative!

          Groppo's avatar - cat anm.gif

          United States
          Member #162631
          January 7, 2015
          502 Posts
          Offline
          Posted: May 1, 2016, 10:43 am - IP Logged

          Let it be known....i am winning this next jackpot.

          I am playing to winSee Ya!

           

          Banana

           

          Hyper

           

          Party

          Winner Winner, Chicken Dinner,

           

          Yes, we are all playing to win something.  But fine, if you win the jackpot, I still wish only to win prize 2.

          I can't hope for less than that, because 5K won't buy me any:

          • modest house
          • Ram truck
          • A new Harley
          • Don't chase the numbers you play.
          • Play only numbers you've already played, plus however many random picks.
          • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                    (so far, though, I've yet to win any significant lotto prize)
            music*'s avatar - nw bookeep.jpg
            Happy California
            United States
            Member #157856
            August 2, 2014
            1507 Posts
            Offline
            Posted: May 1, 2016, 11:01 am - IP Logged

            Players, Keep on dreaming and make sure that you are awake when your ship sails into your harbor. Pinch yourself.See Ya!Hyper

             I've been rich and I've been poor. Believe me, rich is better. 

             Attributed to Joe E. Lewis and others

              gocart1's avatar - lighthouse
              ONEONTA,NEW YORK
              United States
              Member #30516
              January 17, 2006
              419 Posts
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              Posted: May 1, 2016, 11:23 am - IP Logged

              OK..SO THE ROLL-A-COASTER IS STARTING .I DO UNDERSTAND IT'S A LITTLE EARLY BUT I WOULD LOVE TO SEE IT BREAK THE OLD 1.6 BILLION DOLLAR JACKPOT.PartyUS FlagParty

                music*'s avatar - nw bookeep.jpg
                Happy California
                United States
                Member #157856
                August 2, 2014
                1507 Posts
                Offline
                Posted: May 1, 2016, 11:37 am - IP Logged

                OK..SO THE ROLL-A-COASTER IS STARTING .I DO UNDERSTAND IT'S A LITTLE EARLY BUT I WOULD LOVE TO SEE IT BREAK THE OLD 1.6 BILLION DOLLAR JACKPOT.PartyUS FlagParty

                I Agree! Records are made to be broken. I would love to see a $2 billion jackpot.Patriot

                 I've been rich and I've been poor. Believe me, rich is better. 

                 Attributed to Joe E. Lewis and others

                  cbr$'s avatar - maren
                  Cordova,Al.
                  United States
                  Member #104482
                  January 15, 2011
                  4873 Posts
                  Offline
                  Posted: May 1, 2016, 11:56 am - IP Logged
                  I Dare to Dream Big! Hope it continues to rollover some more. If it rollover enough I be
                  in a state soon that I can got a ticket from. I wouldn't mind flying back to claim it.
                    hearsetrax's avatar - 0118

                    United States
                    Member #52345
                    May 21, 2007
                    2657 Posts
                    Offline
                    Posted: May 1, 2016, 12:05 pm - IP Logged

                    I Agree! Records are made to be broken. I would love to see a $2 billion jackpot.Patriot

                    Skeptical as much as I'd like to see it hit the billion dollar mark yet again

                     

                    I still say:

                     

                    "I'd be very much happy with enough to pay my long overdue Hospital bills and buy a few things and for

                    that, it wouldn't take more then a couple of million for me"

                     

                    paws crossed

                    (paws crossed)

                      Avatar
                      Portland, OR
                      United States
                      Member #145973
                      August 20, 2013
                      226 Posts
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                      Posted: May 1, 2016, 12:13 pm - IP Logged

                      I understand the argument for the lump sum but I'd choose ANNUITY all the way!  $3,928,425 + per year (first payment) after taxes in Washington state.  That's enough for living large while getting the financial education, saving you the stress and worry of being taken to the cleaners by some smart Alec lawyer or investor, if the lump sum is chosen.  A price has to be paid for security.  The heirs can claim whatever is left to claim after I die.  4 million dallas is more than enough to live a good life. </ here I wake up lol>

                      "Understand... people are more complicated than the masks they wear in society... everyone is playing to win, and some people will use moral justifications to advance their side"

                                                                                                                                                                                Robert Greene

                        Avatar

                        United States
                        Member #145267
                        August 1, 2013
                        1493 Posts
                        Online
                        Posted: May 1, 2016, 12:49 pm - IP Logged

                        I agree with you weshar75.  It would be nice to win a cool million.

                          savagegoose's avatar - ProfilePho
                          adelaide sa
                          Australia
                          Member #37136
                          April 11, 2006
                          3300 Posts
                          Offline
                          Posted: May 1, 2016, 1:22 pm - IP Logged

                          I understand the argument for the lump sum but I'd choose ANNUITY all the way!  $3,928,425 + per year (first payment) after taxes in Washington state.  That's enough for living large while getting the financial education, saving you the stress and worry of being taken to the cleaners by some smart Alec lawyer or investor, if the lump sum is chosen.  A price has to be paid for security.  The heirs can claim whatever is left to claim after I die.  4 million dallas is more than enough to live a good life. </ here I wake up lol>

                          I can understand your reasoning. I feel its a sound way to look at it. after all most people say thay would be happy with just a few mill here. you get 1 year to practice, living on the income from just 3.9 mill, ok maybe  a part of the capital also.maybe after the 1st year you have 1 mill left over! spent 2.9 mill. well done. you prob made a few mistakes, have a reasonable house, a nice car. next year you prob dont need to spend $2.9 mill. by the time you get to year 5 you will prob have the hang of things and 20 mill in the bank!

                          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                            ArizonaDream's avatar - Lottery-009.jpg

                            United States
                            Member #169277
                            October 10, 2015
                            630 Posts
                            Offline
                            Posted: May 1, 2016, 2:27 pm - IP Logged

                            I agree on taking the annuity, but don't forget that the initial with-holding won't cover all your taxes. There's the remaining almost 15% you'll probably still owe. 

                             

                            After full federal and state taxes, I'd be looking at 2.9 mil the first year. And spending a good chunk of that on a really nice house.  The vacation condo in Hawaii might have to wait until year 2. ROFL Green laugh