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$361 MILLION: Powerball rolls again

PowerballPowerball: $361 MILLION: Powerball rolls again
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10th-largest cash value in US history

By Todd Northrop

This week Powerball will be the hot ticket, currently featuring the largest lottery jackpot in the world.

The new high-water mark of $361 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $335.5 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $250.3 million — the 10th-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.

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 Saturday's drawing was $333 million, but by the time all the proceeds were counted just before draw-time, the jackpot had swelled to $335.5 million.

The mammoth prize is the result of 20 consecutive draws without a winner.  The run-up started as a $40 million prize on May 11.

The winning numbers for Saturday, July 16, 2016 were 11, 17, 40, 50, and 62, with Powerball number 26.  The Power Play number was 2.

Even though nobody won the jackpot Saturday, 4 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Colorado, 1 from Iowa, 1 from Pennsylvania, and 1 from Virginia.

Only one of the second-prize winners purchased the Power Play option — the ticket sold in Iowa.  Because that ticket was purchased with the Power Play option, their second-prize win is automatically 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. 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.

21 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 4 were purchased with the Power Play option, increasing the prize to $100,000, and 2 of the tickets were sold in California, where the prize was worth $35,359 this drawing.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $25.5 million from its previous amount of $335.5 million. The cash value was raised by $11.5 million from its previous amount of $238.8 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, 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.

Top 25 United States lottery jackpots of all time

Wednesday'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 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. Mega Millions: $536 million, Jul. 8, 2016 - Indiana
  8. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  9. Powerball: $429.6 million, May 7, 2016 - New Jersey
  10. Powerball: $425.3 million, Feb. 19, 2014 - California
  11. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  12. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  13. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  14. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  15. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  16. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  17. Powerball: $361 million, Jul. 20, 2016 - Preliminary estimate, not won yet
  18. Powerball: $340 million, Oct. 19, 2005 - Oregon
  19. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  20. Powerball: $337 million, Aug. 15, 2012 - Michigan
  21. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  22. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  23. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  24. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  25. Mega Millions: $321 million, Nov. 4, 2014 - New York

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 10th-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. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 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. Powerball: $250.3 million cash, Jul. 20, 2016 ($361 million annuity) - Preliminary estimate, not won yet
  11. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  12. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  13. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  14. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  15. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  16. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  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

Lottery Post Staff

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68 comments. Last comment 4 months ago by Albeone.
Page 1 of 5
TheMeatman2005's avatar - lightening
Brooklyn, NY
United States
Member #169723
October 29, 2015
877 Posts
Offline
Posted: July 17, 2016, 11:01 pm - IP Logged

You have to be in it to win it!

I'm going to get my ticket tomorrow.

Good time now for me to win

Cheers Thumbs Up Hurray! Banana Dance Hyper Lep Sad Wavey Party

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

    Avatar
    Delaware
    United States
    Member #93503
    July 1, 2010
    453 Posts
    Offline
    Posted: July 17, 2016, 11:40 pm - IP Logged

    $151,225,921.05 after taxes cash sounds GREAT. 

     

    Good luck everyone! PartyUS FlagPartyGuitarDanceHurray!LepBanana

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
      Bay Area - California
      United States
      Member #136477
      December 12, 2012
      4105 Posts
      Offline
      Posted: July 17, 2016, 11:42 pm - IP Logged

      You have to be in it to win it!

      I'm going to get my ticket tomorrow.

      Good time now for me to win

      Cheers Thumbs Up Hurray! Banana Dance Hyper Lep Sad Wavey Party

      I Agree!.....I Agree!....I Agree!...Get your tickets. 

      People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

        increase's avatar - focus
        VA
        United States
        Member #54828
        August 31, 2007
        37855 Posts
        Offline
        Posted: July 17, 2016, 11:49 pm - IP Logged

        Next stop VA for a Powerball winner....

        I am a millionaire!

          lulu1feather's avatar - 2uehclf
          Oregon
          United States
          Member #168137
          August 17, 2015
          124 Posts
          Offline
          Posted: July 18, 2016, 12:05 am - IP Logged

          Come on! Big money, big money, big money!Party

          I'll have my ticket(s)

          Good luck everyoneLep

            dpoly1's avatar - driver
            PA
            United States
            Member #66141
            October 16, 2008
            1672 Posts
            Offline
            Posted: July 18, 2016, 12:13 am - IP Logged

            Dance

            I'll take it! $$$$$

            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: July 18, 2016, 12:35 am - IP Logged

              .

              I'll just take the one million minus the taxes. I'll be set with that.

              Oh, and I didn't win anything from the tickets I bought last week.

              Not 2 dollars, not one dollar, not a single luxury . . .

              • 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
                1510 Posts
                Offline
                Posted: July 18, 2016, 2:37 am - IP Logged

                 I have eight draws left on my advance play ticket. I am in it to win it. I am playing Quick Picks from the RNG here at Lottery Post.

                Thank You, Todd, for the Top 25 lists. They bring back memories of past winners.

                  I hope that every LP member is prepared to win $151 million. A few will take the Annuity.

                 Getting my team together will take some time before I cash in. Legal, Financial, and a couple of other ducks to be lined up.

                 Instead of an LLC I may choose an FLP which is a Family Limited Partnership. Another LP Member has warned me about the IRS and its' view of using an LLC without a Company. I do not want to start off on a wrong foot where the IRS is involved.

                  Dance

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

                 Attributed to Joe E. Lewis and others

                  hearsetrax's avatar - 0118

                  United States
                  Member #52345
                  May 21, 2007
                  2657 Posts
                  Offline
                  Posted: July 18, 2016, 5:29 am - IP Logged

                  Next stop VA for a Powerball winner....

                  Skeptical would be nice ....... as VA is loooong overdue

                    Groppo's avatar - cat anm.gif

                    United States
                    Member #162631
                    January 7, 2015
                    502 Posts
                    Offline
                    Posted: July 18, 2016, 5:49 am - IP Logged

                     I have eight draws left on my advance play ticket. I am in it to win it. I am playing Quick Picks from the RNG here at Lottery Post.

                    Thank You, Todd, for the Top 25 lists. They bring back memories of past winners.

                      I hope that every LP member is prepared to win $151 million. A few will take the Annuity.

                     Getting my team together will take some time before I cash in. Legal, Financial, and a couple of other ducks to be lined up.

                     Instead of an LLC I may choose an FLP which is a Family Limited Partnership. Another LP Member has warned me about the IRS and its' view of using an LLC without a Company. I do not want to start off on a wrong foot where the IRS is involved.

                      Dance

                    .

                    "Instead of an LLC . . . "

                    Music*,

                    Thank you for the insight.

                    Groppo

                    • 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)
                      Avatar
                      Simpsonville
                      United States
                      Member #163189
                      January 22, 2015
                      668 Posts
                      Online
                      Posted: July 18, 2016, 7:10 am - IP Logged

                      .

                      "Instead of an LLC . . . "

                      Music*,

                      Thank you for the insight.

                      Groppo

                      Thanks for the tip about LLC's.  In KY you have to fill out some kind of form yearly, so I guess it can't be fictitious.  Will have to investigate FLP.  I'm curious about the many LLC winners on different lottery sites; perhaps they already owned some kind of business or company.  We'll never know.

                        Avatar
                        Simpsonville
                        United States
                        Member #163189
                        January 22, 2015
                        668 Posts
                        Online
                        Posted: July 18, 2016, 9:56 am - IP Logged

                        music*---$14 check from Mass. Lottery on Lucky 4 Life...something better than nothing.  Still behind the 8 ball on that lottery.  Not a single dollar from MM & PB so far and MM expires in less than five weeks.  Just found the PB won and it goes to February 2017.  One of these days...

                          music*'s avatar - nw bookeep.jpg
                          Happy California
                          United States
                          Member #157856
                          August 2, 2014
                          1510 Posts
                          Offline
                          Posted: July 18, 2016, 10:16 am - IP Logged

                          Thanks for the tip about LLC's.  In KY you have to fill out some kind of form yearly, so I guess it can't be fictitious.  Will have to investigate FLP.  I'm curious about the many LLC winners on different lottery sites; perhaps they already owned some kind of business or company.  We'll never know.

                          Here is a website you may find useful. www.assetlawyer.com/what 

                           I will definitely need professional advice when I decide on either LLC or FLP. Limited Liability Company or Family Limited Partnership.

                          If you got to www.treasurydirect.gov You can learn more about Treasury Bills, Notes, and Bonds. Their limits on how much you can invest per auction. 

                          Dance

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

                           Attributed to Joe E. Lewis and others

                            music*'s avatar - nw bookeep.jpg
                            Happy California
                            United States
                            Member #157856
                            August 2, 2014
                            1510 Posts
                            Offline
                            Posted: July 18, 2016, 10:28 am - IP Logged

                            $151,225,921.05 after taxes cash sounds GREAT. 

                             

                            Good luck everyone! PartyUS FlagPartyGuitarDanceHurray!LepBanana

                            $151 million!! I hope all LP Members realize how much cash this will be. Sometimes you will lose rational thought after your discovery. Having a written plan will help you if that happens to you.

                             Past winners have become numb and speechless. Nausea might happen to you. Some of your friends may grab the ticket to look at it. Who will you contact and who will you not contact?

                             You may ask yourself,"Is this really happening to me?" Pinch yourself and prove that you are awake and not dreaming.

                             Banana

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

                             Attributed to Joe E. Lewis and others