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$550 MILLION: Powerball lottery jackpot soars on rollover

PowerballPowerball: $550 MILLION: Powerball lottery jackpot soars on rollover
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Nearly $1 billion in multi-state jackpots can be won this week

By Todd Northrop

This week has seen a frenzy of lottery tickets sales across the United States, with both Mega Millions and Powerball simultaneously reaching massive levels. With the Powerball jackpot increasing to $550 million after the Wed. evening drawing, there is now close to $1 billion in combined jackpots on tap for lottery players this week.

Seasoned lottery players keep an eye on the lump-sum cash value of the jackpot, and the initial estimate is just as eye-popping: $347.9 million. And likely to grow even bigger before Saturday.

When compared against all lottery drawings conducted in United States lottery history, Saturday's Powerball jackpot ranks 8th all-time, with the cash value also ranking 8th among all cash values in history. (See the top 25 United States annuity and cash value jackpots below.)

Combined with the current $418 million Mega Millions jackpot to be drawn Friday night, there is a total of $968 million in multi-state jackpots on offer to lottery players right now.

Of course, the big winner (or winners) will have to pay taxes on their prize, so USA Mega has a handy Powerball Jackpot Analysis page available to calculate the federal and state taxes that would be withheld upon the award of your nice big jackpot. A Mega Millions Jackpot Analysis is also available.

Players looking for a nearby lottery retailer — or that out-of-the-way retailer with a smaller line — are encouraged to use Lottery Places, an app for iOS, Android, and Windows that can locate the nearest lottery retailers in every jurisdiction that sells Powerball and Mega Millions. The helpful app can locate lottery stores in the United States, the United Kingdom, Mexico, much of Canada, and the Caribbean.

This is the largest US lottery jackpot since a Massachusetts woman claimed a $758.7 million Powerball lottery jackpot in August — the biggest lottery prize ever awarded to a single winner. 

Saturday's mammoth jackpot is the result of 20 consecutive draws without a winner.  The run-up started as a $40 million prize on Oct. 28.

The winning numbers for Wednesday, January 3, 2018 were 2, 18, 37, 39, and 42, with Powerball number 12.  The Power Play number was 3.

Even though nobody won the jackpot Wednesday, 6 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 2 from Florida, 1 from New York, 1 from North Carolina, and 1 from Oregon.

Only one of the second-prize winners purchased the Power Play option — one of the tickets sold in Florida.  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.

92 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 8 were purchased with the Power Play option, increasing the prize to $150,000, and 7 of the tickets were sold in California, where the prize was worth $29,087 this drawing.

Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised a whopping $89.1 million from its previous amount of $460.9 million and the cash value was raised by $56.9 million from its previous amount of $291 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 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

Saturday's Powerball jackpot currently stands as the 8th-largest lottery jackpot of all time in the United States, and the 6th-largest Powerball jackpot ever.  Brisk sales will almost certainly push the jackpot estimate higher by draw time.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 - California, Florida, Tennessee
  2. Powerball: $758.7 million, Aug. 23, 2017 - Massachusetts
  3. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  4. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  5. Powerball: $590.5 million, May 18, 2013 - Florida
  6. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  7. Powerball: $564.1 million, Feb. 7, 2015 - North Carolina, Puerto Rico, Texas
  8. Powerball: $550 million, Jan. 6, 2018 - Initial estimate, not won yet
  9. Mega Millions: $536 million, Jul. 8, 2016 - Indiana
  10. Powerball: $487 million, Jul. 30, 2016 - New Hampshire
  11. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  12. Powerball: $447.8 million, Jun. 10, 2017 - California
  13. Powerball: $435.3 million, Feb. 22, 2017 - Indiana
  14. Powerball: $429.6 million, May 7, 2016 - New Jersey
  15. Powerball: $425.3 million, Feb. 19, 2014 - California
  16. Powerball: $420.9 million, Nov. 26, 2016 - Tennessee
  17. Mega Millions: $418 million, Jan. 5, 2018 - Initial estimate, not won yet
  18. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  19. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  20. Mega Millions: $393 million, Aug. 11, 2017 - Illinois
  21. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  22. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  23. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  24. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  25. Powerball: $340 million, Oct. 19, 2005 - Oregon

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

  • Powerball: 16
  • Mega Millions: 8
  • The Big Game: 1

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 8th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  3. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  4. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  5. Powerball: $381.1 million cash, Feb. 7, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  6. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  7. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  8. Powerball: $347.9 million cash, Jan. 6, 2018 ($550 million annuity) - Initial estimate, not won yet
  9. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  10. Powerball: $336.8 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  11. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  12. Powerball: $279.1 million cash, Jun. 10, 2017 ($447.8 million annuity) - California
  13. Powerball: $263.5 million cash, Feb. 22, 2017 ($435.3 million annuity) - Indiana
  14. Mega Millions: $261 million cash, Jan. 5, 2018 ($418 million annuity) - Initial estimate, not won yet
  15. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  16. Powerball: $254.7 million cash, Nov. 26, 2016 ($420.9 million annuity) - Tennessee
  17. Mega Millions: $246.5 million cash, Aug. 11, 2017 ($393 million annuity) - Illinois
  18. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  19. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  20. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  21. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  22. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  23. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  24. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  25. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey

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

  • Powerball: 16
  • Mega Millions: 9

Lottery Post Staff

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14 comments. Last comment 6 months ago by Suzy-Dittlenose.
Page 1 of 1
Avatar
Virginia
United States
Member #183934
August 18, 2017
86 Posts
Offline
Posted: January 4, 2018, 10:15 am - IP Logged

Good morning lottery family I don't post much but Im just hoping that you all had a most satisfying holiday. Let's start this new year off great someone here needs to win big. Will it be you

    fwlawrence's avatar - Yavill
    Austin
    United States
    Member #9378
    December 6, 2004
    221 Posts
    Offline
    Posted: January 4, 2018, 10:20 am - IP Logged

    Good morning lottery family I don't post much but Im just hoping that you all had a most satisfying holiday. Let's start this new year off great someone here needs to win big. Will it be you

    No. I only got one number and the powerball last night for $4.

      Avatar
      Simpsonville
      United States
      Member #163189
      January 22, 2015
      1320 Posts
      Offline
      Posted: January 4, 2018, 10:23 am - IP Logged

      No. I only got one number and the powerball last night for $4.

      Got $12 with Powerplay from store bought tickets; nothing on-line tickets.

        CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
        Central TN
        United States
        Member #121193
        January 4, 2012
        2336 Posts
        Offline
        Posted: January 4, 2018, 10:24 am - IP Logged

        No. I only got one number and the powerball last night for $4.

        Only had the PB# here for a $4.00 return

        Integrity  is the simple act of doing what is right at all times

          Cassie8620's avatar - 4rqgj4
          California
          United States
          Member #180570
          March 13, 2017
          1911 Posts
          Offline
          Posted: January 4, 2018, 10:37 am - IP Logged

          Only had the PB# here for a $4.00 return

          I am glad many at least got some return $ back. Congrats. I  know my mother had #12 P-Ball (Power Play) 3x for her so i know she was smiling at "least" about this."

           

          I was hoping more will win this gigantic jackpot, not just "1" i always like to see many win if over a whopping 50 or 100 million  but i see no 1 got it so good luck this winter'weekend comin' up.

           

          I am just glad i won another big(big to me!)jackpot last night new year's week in playing my fave P4 #s one hit! 4x i had  the combination 7-6-8-9 in NC!(THREE X exact$$$)Smiley

          Couldn't even sleep. So HANG IN THERE, every body all states. Your jackpots (all games)will one day God-Willing hit. I do not play PB much.

          i know my mom love it. But dad thinks its always rigged, but he even tried last night.LOL Because it is so high ya' know...

          Good luck.

          - - - 

          7-6-8-9 = $ 8,100.00  Jackpot! on 1/3/2018. #God Is Good...

          _______ 

          3310= $3200.00 

          1119 = $1200.00

          674=$6200.00

          8620(3x) + p3 =$7750

          860= $6400 

          7447= $6800

          302=$3900

            zephbe's avatar - animal butterfly.jpg
            South Carolina
            United States
            Member #77167
            July 15, 2009
            807 Posts
            Offline
            Posted: January 4, 2018, 10:46 am - IP Logged

            I am glad many at least got some return $ back. Congrats. I  know my mother had #12 P-Ball (Power Play) 3x for her so i know she was smiling at "least" about this."

             

            I was hoping more will win this gigantic jackpot, not just "1" i always like to see many win if over a whopping 50 or 100 million  but i see no 1 got it so good luck this winter'weekend comin' up.

             

            I am just glad i won another big(big to me!)jackpot last night new year's week in playing my fave P4 #s one hit! 4x i had  the combination 7-6-8-9 in NC!(THREE X exact$$$)Smiley

            Couldn't even sleep. So HANG IN THERE, every body all states. Your jackpots (all games)will one day God-Willing hit. I do not play PB much.

            i know my mom love it. But dad thinks its always rigged, but he even tried last night.LOL Because it is so high ya' know...

            Good luck.

            Congratulations on your 'big' win, Cassie  Party

            I'm going to start playing Pick 4 this year too.

            Every champion was once a contender who refused to give up.-Rocky Balboa

            “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

              JADELottery's avatar - AMeOn 02.png
              - Eagle Sun - Quantum Master
              West Concord, MN
              United States
              Member #21
              December 7, 2001
              4096 Posts
              Offline
              Posted: January 4, 2018, 11:15 am - IP Logged

              If not won the next few draws, it should reach $1,000,000,000.00 ($633,000,000.00 cash) for the 01-17 or 01-20 draw.

              Good Luck.

              Presented 'AS IS' and for Entertainment Purposes Only.
              Any gain or loss is your responsibility.
              Use at your own risk.

              Order is a Subset of Chaos
              Knowledge is Beyond Belief
              Wisdom is Not Censored
              Douglas Paul Smallish
              Jehocifer

                music*'s avatar - box
                The Big Valley in California
                United States
                Member #157856
                August 2, 2014
                2493 Posts
                Offline
                Posted: January 4, 2018, 11:32 am - IP Logged

                Congratulations on your 'big' win, Cassie  Party

                I'm going to start playing Pick 4 this year too.

                I Agree!  Congratulations Cassie 8620     You never know maybe you are on a win streak and will win PB or MM or both. You give us all hope. Be well.

                  Muddy water is best cleared by leaving it alone.  Alan Watts and Zen Buddhism

                  Avatar
                  New Member

                  United States
                  Member #186923
                  January 3, 2018
                  22 Posts
                  Offline
                  Posted: January 4, 2018, 12:34 pm - IP Logged

                  Happy New Year All!  Here are my predictions for this 319th Powerball:

                  Sat. January 6-       $550M...... bumps to $625-$650M

                  Wed. January 10-  Estimated jackpot of $800M will roll to $1 Billion with mass hysteria!

                   

                  Good Luck to All!  6 people won $1M last night!Shocked

                    dpoly1's avatar - driver
                    PA
                    United States
                    Member #66141
                    October 16, 2008
                    1820 Posts
                    Offline
                    Posted: January 4, 2018, 1:03 pm - IP Logged

                    I'll Take It!

                    See Ya!

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

                     

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

                      gocart1's avatar - lighthouse
                      ONEONTA,NEW YORK
                      United States
                      Member #30516
                      January 17, 2006
                      445 Posts
                      Offline
                      Posted: January 4, 2018, 2:04 pm - IP Logged

                      WOOOO HOOOOO...BEST WAY TO START THE NEW YEAR

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                        Chasing the Dream.
                        White Shores- California
                        United States
                        Member #136477
                        December 12, 2012
                        5081 Posts
                        Offline
                        Posted: January 4, 2018, 2:26 pm - IP Logged

                        A bridesmaid PB winner from Oregon : Hope that it was you Weshar75! Big Smile

                        Your win is long overdue, ol chap! Smile

                         * Voice of Reason *   

                         

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

                          Avatar
                          New Member

                          United States
                          Member #186923
                          January 3, 2018
                          22 Posts
                          Offline
                          Posted: January 4, 2018, 3:05 pm - IP Logged

                          I think WeShar took a red eye to Hawaii with his $1M win last night!  HA!Wink

                            Avatar

                            United States
                            Member #163996
                            February 15, 2015
                            86 Posts
                            Offline
                            Posted: January 4, 2018, 4:37 pm - IP Logged

                            I'll predict it will hit $625M for Saturday.  See Ya!  With so many zeros it's easy to lose your balance.  LOL