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$311 MILLION: Here comes Powerball

PowerballPowerball: $311 MILLION: Here comes Powerball
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By Todd Northrop

July continues to be an exciting month for lottery fans dreaming of mega jackpot dollars.

No sooner was Friday's $540 million Mega Millions jackpot won than Powerball became perfectly positioned to take the spotlight with a big rollover Saturday night.

After nobody won Powerball's $288 million jackpot Saturday, the new jackpot for Wednesday, July 13 was estimated at $311 million.

More exciting is the lump-sum cash value of $221.4 million, which is the 16th-largest in U.S. lottery history. The complete top-25 list of United States lottery jackpot cash values can be found at the end of this article.

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 grand prize is the result of 18 consecutive draws without a winner.  The run-up started as a $40 million prize on May 11.

The winning numbers for Saturday, July 9, 2016 were 10, 28, 32, 61, and 64, with Powerball number 12.  The Power Play number was 3.

Although nobody won the jackpot Saturday night, 3 lucky players matched the first 5 numbers for a second-prize win: 1 from California, 1 from Massachusetts, and 1 from New Jersey.

The California second-prize winner will be awarded $246,261, while the tickets from Massachusetts and New Jersey will get $1 million each. 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 winning second-prize tickets were purchased with the Power Play option for an extra $1 per play.  If they had, their prize would have been automatically doubled to $2,000,000.

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. 

27 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 5 were purchased with the Power Play option, increasing the prize to $150,000.

Surprisingly there were no winners of the 4+1 prize in California, where the prize pool for the 4+1 winners was $63,043 this drawing. A single winner would have taken the complete prize pool, or the prize pool would have been split if there were multiple winners.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $23 million from its previous amount of $288 million. The cash value was raised by $20 million from its previous amount of $201.4 million.

Sharp-eyed readers will notice that the Powerball annuity jackpot is suffering from the same difficulties that Mega Millions faced during its epic 35-drawing run that ended Friday. Sagging interest rates due to the poor economy are depressing the rate of return on invested lottery cash, causing the annuity jackpot to be raised much slower than it normally would.

While lottery fans look for big cash values to play, casual players who watch the advertised annuity value might not be as tempted to play. It's a difficult spiral for lottery marketing to break through, and tends to depress ticket sales a bit. If interest rates rebound, the cycle becomes easier to break.

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 cash value jackpots

Wednesday's Powerball jackpot has the 16th-largest lump-sum cash value of any lottery jackpot in US lottery history. The list of the top 25 jackpot cash values can be found below, along with the state(s) in which each jackpot was won.

  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. Mega Millions: $380 million cash, Jul. 8, 2016 ($540 million annuity) - Indiana
  6. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  7. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  8. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  9. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  10. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  11. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  12. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  13. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  14. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  15. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  16. Powerball: $221.4 million cash, Jul. 13, 2016 ($311 million annuity) - Preliminary estimate, not won yet
  17. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  18. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  19. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  20. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  21. Mega Millions: $197.5 million cash, Nov. 4, 2014 ($321 million annuity) - New York
  22. Powerball: $197.4 million cash, Sep. 30, 2015 ($310.5 million annuity) - Michigan
  23. Mega Millions: $194.4 million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  24. Powerball: $191.9 million cash, Mar. 2, 2016 ($291.4 million annuity) - Florida
  25. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California

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

  • Powerball: 14
  • Mega Millions: 11

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95 comments. Last comment 5 months ago by Artist77.
Page 1 of 7

United States
Member #106134
February 13, 2011
806 Posts
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Posted: July 10, 2016, 9:48 am - IP Logged

Very, very shocking that nobody won.  I thought for sure it would have been way too easy for someone out there.

    Tatototman65's avatar - Lottery-009.jpg

    United States
    Member #138729
    February 4, 2013
    2867 Posts
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    Posted: July 10, 2016, 9:52 am - IP Logged

    Good luck to all players!

    Smile

    Want regulated Internet gaming in your state? Got 30 SECONDS to spare?
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    Click me
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      United States
      Member #172415
      January 23, 2016
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      Posted: July 10, 2016, 9:53 am - IP Logged

      Hahahaha Todd fueling excitement among masses haha

        Avatar

        United States
        Member #145267
        August 1, 2013
        1492 Posts
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        Posted: July 10, 2016, 10:00 am - IP Logged

        I'm going to play pb just like I played mm,  no frenzy, no excitement.  Just play to be in the game.

          haymaker's avatar - Lottery-012.jpg
          Egg Harbor twp.south Jersey shore
          United States
          Member #112968
          June 29, 2011
          3854 Posts
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          Posted: July 10, 2016, 10:01 am - IP Logged

          I quit this game when the upped the matrix last Oct.

           did play 1 line back when it went over 1B

          ...maybe buy another when that happens again !

          Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

            Avatar

            United States
            Member #170707
            December 13, 2015
            185 Posts
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            Posted: July 10, 2016, 10:02 am - IP Logged

            I'm ready!

              Avatar

              United States
              Member #170707
              December 13, 2015
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              Posted: July 10, 2016, 10:10 am - IP Logged

              Hahahaha Todd fueling excitement among masses haha

              Yeah Todd!Hurray!

              I remember the days when MM was the best game. But now PB is the best. It recovers more quickly and has more participants by state or territory!

                TheMeatman2005's avatar - lightening
                Brooklyn, NY
                United States
                Member #169723
                October 29, 2015
                877 Posts
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                Posted: July 10, 2016, 10:23 am - IP Logged

                As noted in his article, Todd wrote: "Sharp-eyed readers will notice that the Powerball annuity jackpot is suffering from the same difficulties that Mega Millions faced during its epic 35-drawing run that ended Friday. Sagging interest rates due to the poor economy are depressing the rate of return on invested lottery cash, causing the annuity jackpot to be raised much slower than it normally would."

                 

                Yes Todd we have noticed that. The ratio of cash to annuity is now up to 71.18971%

                I remember when that ratio used to be somewhere around 57%, but because of the interest rates being so low, it is now up over 71%

                The Meatman

                “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

                  Drenick1's avatar - villiarna
                  USA
                  United States
                  Member #152799
                  February 25, 2014
                  1090 Posts
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                  Posted: July 10, 2016, 10:26 am - IP Logged

                  I bought a ticket for the last draw because the cash value had just topped $200 million. I will continue to purchase one pick until the cash value exceeds $300 million then I'll most likely buy 2 or 3 picks. Odds are simply too insane to waste anything more than that.

                    hearsetrax's avatar - 0118

                    United States
                    Member #52345
                    May 21, 2007
                    2657 Posts
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                    Posted: July 10, 2016, 10:31 am - IP Logged

                    I bought a ticket for the last draw because the cash value had just topped $200 million. I will continue to purchase one pick until the cash value exceeds $300 million then I'll most likely buy 2 or 3 picks. Odds are simply too insane to waste anything more than that.

                    Skeptical I'm holding off on playing the PB a wee bit ..... for $2 a ticket and even more screwball odds

                     

                    just not worth it

                      TheMeatman2005's avatar - lightening
                      Brooklyn, NY
                      United States
                      Member #169723
                      October 29, 2015
                      877 Posts
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                      Posted: July 10, 2016, 10:32 am - IP Logged

                      Very, very shocking that nobody won.  I thought for sure it would have been way too easy for someone out there.

                      It's a good thing you're not a used car salesperson. 100% chance????

                      "Since Mega Millions was just won, there's a 100% chance Powerball will be won tonight."

                      Nothing in life is 100% except for 3 things.

                      Being born Coffee, paying taxes Patriot and dying Thud.

                      The Meatman

                      “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                      Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

                        dpoly1's avatar - driver
                        PA
                        United States
                        Member #66141
                        October 16, 2008
                        1672 Posts
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                        Posted: July 10, 2016, 10:34 am - IP Logged

                        Dance

                        Here we go!

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

                         

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

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                          United States
                          Member #170707
                          December 13, 2015
                          185 Posts
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                          Posted: July 10, 2016, 10:37 am - IP Logged

                          Come on guys!

                          The point is to WIN!

                          I prefer to win something with sagging interest rates than NOTHING with sagging interest rates.

                          Be IN IT to WIN IT!Banana

                            music*'s avatar - nw bookeep.jpg
                            Happy California
                            United States
                            Member #157856
                            August 2, 2014
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                            Posted: July 10, 2016, 10:53 am - IP Logged

                             I think that these sagging interest rates may push a young winner into choosing the lump sum instead of the annuity. Most twenty-year-old winners are not ready for the $211 million. I hope they get professionals on their side. The same goes for all the winners.

                             I will now share a Dave Ramsey quote,"Some people are lighthouses when they warn of rocks ahead". These past winners who blew through their winnings are warning all of us about the rocks ahead. I hope that any Lottery Post winner will not have a shipwreck.

                             May fortune smile upon us all.Dance

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

                             Attributed to Joe E. Lewis and others