$1.4 BILLION: Powerball jackpot juggernaut keeps rolling

Oct 5, 2023, 6:52 am (77 comments)

Powerball

5th-largest lottery jackpot in world history

By Todd Northrop

Last night, the multi-state Powerball lottery game produced no top winner for the 33rd consecutive drawing, prompting lottery officials to raise the game's jackpot to an astonishing $1.4 billion.

A winner who chooses the cash option would receive a lump-sum $643.7 million — more than a half-billion dollars in cash!

It's the stuff that a lottery player's dreams are made of — holding a lottery ticket for an upcoming Powerball drawing with the potential to transform your life in every way.

Do you choose the annuity, which has an initial payment of $21 million and increases the payment every year until the final payment of $87 million in the 29th year, or do you opt for the lump-sum cash payment of $643.7 million all at once?

You can weight the tax consequences of that choice state-by-state by visiting the Jackpot Analysis page at USA Mega, a web site devoted to the Powerball and Mega Millions multi-state lottery games. The feature calculates both the initial withholdings and the final tax burden due at the end of the year, and even can show taxes calculated for different IRS filing statuses.

The largest Powerball jackpot ever awarded was on Nov. 7, 2022, when one ticket sold in California won a $2 billion grand prize.  The incredibly lucky winner was Edwin Castro, who claimed the prize in February of 2023, providing minimal public information about himself.  What little is known about Castro comes from public filings, and includes the purchases of houses onetwo, and three, as well as being the subject of dubious lawsuits that are unfortunately predictable these days.

Players looking for a nearby lottery retailer — or that out-of-the-way retailer with a smaller line — are encouraged to use Lottery Places, the only 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.

Some states offer direct online sales, allowing players to bypass the store and purchase tickets from home. Players can see if they can play Powerball online by tapping the link. Depending on the physical location of the person, the link will either provide access via a licensed butler service or the official state lottery itself.

Butler services provide scanned copies of the purchased lottery tickets securely held on behalf of the customer. In the past, such lottery ticket services were used by people out side the USA to win big jackpots in Oregon and Florida.

The winning numbers for Wednesday, October 4, 2023 were 9, 35, 54, 63, and 64, with Powerball number 1.  The Power Play number was 2.

The Wednesday Double Play drawing results were 12, 30, 39, 64, and 67, with Powerball number 22. Double Play is a game option currently available in 18 states that lets you play your numbers in a second drawing for $1 per play, with a chance to win up to $10 million in cash. See How to Play Powerball at USA Mega for more information about Double Play.

Even though nobody won the jackpot Wednesday, 10 lucky players matched the first 5 numbers for a $1,000,000 prize: 2 from California, 1 from Colorado, 1 from Kentucky, 1 from New York, 2 from Pennsylvania, and 3 from Texas. (The 2 California winners each will claim a prizes of $1,220,123, due to the state's pari-mutuel payout formula.)

Three second-prize tickets — the one sold in Kentucky, 1 of the tickets sold in Pennsylvania, and one of the tickets sold in Texas — were purchased the Power Play option for an extra $1 per play, doubling their prizes to $2 million.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, a second-prize win is doubled and any other non-jackpot prize is multplied by the Power Play number drawn that evening. A complete list of prizes available for matching various numbers, as well as the official drawing videos, can be found on the Powerball Drawing Detail page at USA Mega. Lottery Post also publishes the complete list of Powerball Prize Payouts and the Powerball Double Play Prize Payouts.

The official drawing videos can also be found on the Powerball Drawing Detail page at USA Mega.

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.

Also in the Wednesday drawing, 94 tickets matched four white numbers plus the Powerball and won $50,000.  Of those tickets, 13 were purchased with the Power Play option, increasing the prize to $100,000, and 14 of the tickets were sold in California, where the prize was worth $17,500 this drawing.

Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised $208.1 million from its previous amount of $1.1919 billion and the cash value was raised by $95.7 million from its previous amount of $548 million.

For information about how these jackpot amounts are calculated, check out the Lottery Post feature video, How are lottery jackpots are calculated?

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

Powerball is played in 45 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.  Drawings are Mondays, 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 3rd-largest Powerball jackpot ever, and the 5th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

  1. Powerball: $2.0401 billion, Nov. 7, 2022 (40 rollovers, starting at $20 million) - California
  2. Mega Millions: $1.602 billion, Aug. 8, 2023 (31 rollovers, starting at $20 million) - Florida
  3. Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
  4. Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
  5. Powerball: $1.4 billion, Oct. 7, 2023 (33 rollovers, starting at $20 million) - Preliminary estimate, not won yet
  6. Mega Millions: $1.348 billion, Jan. 13, 2023 (25 rollovers, starting at $20 million) - Maine
  7. Mega Millions: $1.337 billion, Jul. 29, 2022 (29 rollovers, starting at $20 million) - Illinois
  8. Powerball: $1.0798 billion, Jul. 19, 2023 (38 rollovers, starting at $20 million) - California
  9. Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
  10. Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
  11. Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
  12. Powerball: $754.6 million, Feb. 6, 2023 (33 rollovers, starting at $20 million) - Washington
  13. Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
  14. Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
  15. Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
  16. Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
  17. Mega Millions: $648 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
  18. Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
  19. Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
  20. Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
  21. Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
  22. Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
  23. Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
  24. Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
  25. Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey

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

  • Powerball: 15
  • Mega Millions: 10

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.

The upcoming Powerball jackpot ranks as the 8th-largest cash value in U.S. history.

  1. Powerball: $997.6 million cash, Nov. 7, 2022 ($2.0401 billion annuity) - California
  2. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  3. Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
  4. Mega Millions: $794.2 million cash, Aug. 8, 2023 ($1.602 billion annuity) - Florida
  5. Mega Millions: $780.5 million cash, Jul. 29, 2022 ($1.337 billion annuity) - Illinois
  6. Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
  7. Mega Millions: $723.5 million cash, Jan. 13, 2023 ($1.348 billion annuity) - Maine
  8. Powerball: $643.7 million cash, Oct. 7, 2023 ($1.4 billion annuity) - Preliminary estimate, not won yet
  9. Powerball: $558.1 million cash, Jul. 19, 2023 ($1.0798 billion annuity) - California
  10. Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
  11. Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
  12. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  13. Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
  14. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  15. Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
  16. Powerball: $407.2 million cash, Feb. 6, 2023 ($754.6 million annuity) - Washington
  17. Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
  18. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  19. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  20. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  21. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  22. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  23. Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
  24. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
  25. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire

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

  • Powerball: 16
  • Mega Millions: 9

Lottery Post Staff

Comments

Wildbill78's avatarWildbill78

I've been playing the lottery for 20 years and the lottery officials took thousands of dollars from me for a hope and a dream like millions of us around the globe. I truly hope I win big some day!! If at worst I can get all my money back I put into it. I'm never giving up. I truly believe persistent is the key. Like my grandma always said "IF IT DOESN'T CHALLENGE YOU THEN IT WON'T CHANGE YOU" one of the truest statements I ever heard. Let that sink in folks.

mightwin1's avatarmightwin1

🍻

EnReval

Is this an omen?

been playing same set of ages n birthdays for a month

went to get a QP and PB gv me the last 5 nbrs I already played on a separate multi draw ticket

 

the new tkt just chins the 1st number to an 8 instead of a 5

 

the 8 represents sibling bday 

 

now I gotta keep playing both sets

hearsetrax's avatarhearsetrax

Quote: Originally posted by EnReval on Oct 5, 2023

Is this an omen?

been playing same set of ages n birthdays for a month

went to get a QP and PB gv me the last 5 nbrs I already played on a separate multi draw ticket

 

the new tkt just chins the 1st number to an 8 instead of a 5

 

the 8 represents sibling bday 

 

now I gotta keep playing both sets

Don't get me started on omens this morning, Enreval

I just had a bad one pop up on me while browsing countrylifedreams.com a few mins  ago 

EnReval

Just saying how QP chnged the 5 to an 8

 

the way life moves around is strange 

we will nvr be able to figure it out

 

it's all abt timing

jjtheprince14

On the last drawing I went board and won $4!  First Powerball win in nearly 3 years!

L J1's avatarL J1

Let The Good Times Roll.👍

GiveFive's avatarGiveFive

Quote: Originally posted by Wildbill78 on Oct 5, 2023

I've been playing the lottery for 20 years and the lottery officials took thousands of dollars from me for a hope and a dream like millions of us around the globe. I truly hope I win big some day!! If at worst I can get all my money back I put into it. I'm never giving up. I truly believe persistent is the key. Like my grandma always said "IF IT DOESN'T CHALLENGE YOU THEN IT WON'T CHANGE YOU" one of the truest statements I ever heard. Let that sink in folks.

Although I never met her, I do know that "Grandma WildBill78" was a smart lady.

Persistence is definitely the key.  How many times have you read about the multi-million dollar winner that said at the press conference "I've played the lottery for many years but I never won anything but small prizes"....  All of the big winners  have that in common.  G5

Raven62's avatarRaven62

What bank do billionaires put their money in?

JP Morgan Private Bank is especially known for their investment services, which makes them a great option for those with a lot of money in their account. With JP Morgan, each client is given access to a panel of experts.

https://www.forbes.com/sites/stevenbertoni/2011/01/05/how-to-cash-a-1-3-billion-check/?sh=538c894e1b81

GiveFive's avatarGiveFive

A winner who chooses the cash option would receive a lump-sum $643.7 million — more than a half-billion dollars in cash!

Well yes, but not really.  Not after Uncle Sam takes his 37% cut.  But even so, what's left for the winner after taxes are paid would still make them what the finance industry classifies as  an "Ultra High Net Worth Individual".  A UHNWI has 30 million or more in liquid assets available for investment.  And for sure, there aren't many UHNWI's on the planet.  G5

GiveFive's avatarGiveFive

Quote: Originally posted by Raven62 on Oct 5, 2023

What bank do billionaires put their money in?

JP Morgan Private Bank is especially known for their investment services, which makes them a great option for those with a lot of money in their account. With JP Morgan, each client is given access to a panel of experts.

https://www.forbes.com/sites/stevenbertoni/2011/01/05/how-to-cash-a-1-3-billion-check/?sh=538c894e1b81

And unless you have the minimum amount of money required to put into your account, you wont be doing any business with The JP Morgan Private Bank.  G5

luckyleo822

Largest jackpot was in alignment with the eclipse season, i believe this one will go until the eclipse on 10/14.

lottoman626

Quote: Originally posted by GiveFive on Oct 5, 2023

A winner who chooses the cash option would receive a lump-sum $643.7 million — more than a half-billion dollars in cash!

Well yes, but not really.  Not after Uncle Sam takes his 37% cut.  But even so, what's left for the winner after taxes are paid would still make them what the finance industry classifies as  an "Ultra High Net Worth Individual".  A UHNWI has 30 million or more in liquid assets available for investment.  And for sure, there aren't many UHNWI's on the planet.  G5

yup, after taxes that is 238,169,000 million dollars, still an amazing amount of money to have. The other option is to go with the annuity payout for 1.4 bill which is 70 mill for 20 years. But a lot can happen in 20 years so most take the cash,

lottoman626

Quote: Originally posted by luckyleo822 on Oct 5, 2023

Largest jackpot was in alignment with the eclipse season, i believe this one will go until the eclipse on 10/14.

that's 4 more drawings, looks like it's jumping 200 mil each time. That would put it at 2.2 billion, it won't get that far, 🤣

GiveFive's avatarGiveFive

Quote: Originally posted by GiveFive on Oct 5, 2023

And unless you have the minimum amount of money required to put into your account, you wont be doing any business with The JP Morgan Private Bank.  G5

I wasn't sure what the required minimum deposit for JP Morgan's Private Bank is these days so I Googled it.

It's 10 million dollars.  G5

PS The term 'Private Bank' is unfamiliar to many people.  If it's unfamiliar to you it's probably because you're not a multimillionaire.

lottoman626

Quote: Originally posted by GiveFive on Oct 5, 2023

I wasn't sure what the required minimum deposit for JP Morgan's Private Bank is these days so I Googled it.

It's 10 million dollars.  G5

PS The term 'Private Bank' is unfamiliar to many people.  If it's unfamiliar to you it's probably because you're not a multimillionaire.

"minimum 10 mil" I get the feeling it does not come with a gas rebate card, 😁

GiveFive's avatarGiveFive

Quote: Originally posted by lottoman626 on Oct 5, 2023

yup, after taxes that is 238,169,000 million dollars, still an amazing amount of money to have. The other option is to go with the annuity payout for 1.4 bill which is 70 mill for 20 years. But a lot can happen in 20 years so most take the cash,

Anyone with 238.2 million dollars has 8 times more wealth than what most financial institutions would typically classify an investor as being an Ultra High Net Worth individual. Most UHNWI's have a large portion of their investments in real estate. They own multiple mansions scattered all over the world. Billionaire Jeffrey Epstein owned an island in The Caribbean as well as a mansion in Palm Beach Florida..   

30 million is just a standard, it's not a hard and fast rule.  UHNWI can and does mean different things to different banks. Also, it's 30 million dollars of liquid (net) assets.  People that are worth 30 million but who only have 5 million in available/liquid assets to invest, would be classified as very high net worth individuals.

If there's a single winner of the jackpot next Saturday night, they will instantly enter a world that they very likely have zero experience with.....  G5

GiveFive's avatarGiveFive

Quote: Originally posted by lottoman626 on Oct 5, 2023

"minimum 10 mil" I get the feeling it does not come with a gas rebate card, 😁

True but it sure does come with fantastic perks not available to those who don't have 10 million.  G5

Bleudog101

Rescue ticket purchase around 0530 didn't come in!!

 

The Kentucky PB/PP ticket was sold on-line!  Wrote back to a co-worker about that and it automatically went to KLC so no doubt they'll write back and tell me where the ticket was sold.   Didn't bother with on-line this time around.

Droptop209's avatarDroptop209

Goodbye 1995 Honda Accord.  Hello Subaru WRX STI

NJPiney's avatarNJPiney

Good luck all LP readers 🍀

lottoman626

Quote: Originally posted by Droptop209 on Oct 5, 2023

Goodbye 1995 Honda Accord.  Hello Subaru WRX STI

goodbye scooter, not gonna act like I'll miss u, cause trying to get you up to 55 on the highway was something else! 

JustMaybe

Got my Power ball ticket with Power play and matched 3 numbers for a $14 win.

Perfecttiming2's avatarPerfecttiming2

Quote: Originally posted by EnReval on Oct 5, 2023

Just saying how QP chnged the 5 to an 8

 

the way life moves around is strange 

we will nvr be able to figure it out

 

it's all abt timing

Hence my screen name! 🥳

KY Floyd's avatarKY Floyd

"A winner who chooses the cash option would receive a lump-sum $643.7 million — more than a half-billion dollars in cash! -- more than a half-billion dollars in cash!

Well yes, but not really.  Not after Uncle Sam takes his 37% cut."

The 24% withholding would knock it down to a hair over $489 million, so you wouldn't even see a check for half a billion and be able to have that much in the bank for an afternoon. Another $14.4 million would let you at least handle a (fake, giant) check for half a billion and have that much in the bank until you send the IRS more money. Assuming you don't lose any to state withholding, of course.

"i believe this one will go until the eclipse on 10/14 "

There's about a 60% chance this on will roll, but but as of now there's only about a 1 in 3 chance it will roll past next Monday. As a very rough figure (I'm not going to  make much of a guess how big it would get) the chance of rolling again next Wednesday is perhaps 1 in 5 or 1 in 6. If it does manage I'd think we'd see a legitimate record and a cash value over a billion.

"the annuity payout for 1.4 bill which is 70 mill for 20 years. "

Not for over 20 years, now. The annuity is a graduated payment over 30 years, and the first installment would be about $21 million (before taxes, of course).

"trying to get you up to 55 on the highway"

Maybe you'll match at least 4+1 so you can afford the helmet you need.

wander73's avatarwander73

Here is what I think is going to happen.   no hit sat,   $1.6,  18 2.1 2.4

Perfecttiming2's avatarPerfecttiming2

Quote: Originally posted by Raven62 on Oct 5, 2023

What bank do billionaires put their money in?

JP Morgan Private Bank is especially known for their investment services, which makes them a great option for those with a lot of money in their account. With JP Morgan, each client is given access to a panel of experts.

https://www.forbes.com/sites/stevenbertoni/2011/01/05/how-to-cash-a-1-3-billion-check/?sh=538c894e1b81

In addition to my history with JP Morgan not being a pleasant one, I know they just settled the trafficking charges against Jeffrey Epstein, thus whoever folks seek to work with it is good to check them out as there are others who may be a better fit.

You should also look into the background on financial planners as well...
(my former planner had major strikes against them for illegal activities, nothing that harmed me but I don't do anything with them anymore).

Always good to do a background check on anyone handling your money.

justadream

I can assure you if I hit it I won't be buying any pet alligators

dickblow

well here we go hope there lot of winners or im done lottery

EnReval

The 2bil hit on Wed and the one in Jul

thinkin Monday 

for $1.602

CDanaT's avatarCDanaT

Cash Value take home after taxes....$405.5 million......Has such a wonderful ring to it 

Artist77's avatarArtist77

Quote: Originally posted by justadream on Oct 5, 2023

I can assure you if I hit it I won't be buying any pet alligators

That guy was oddly entertaining. Surprised he has not been in the news again.

JustMaybe

Quote: Originally posted by CDanaT on Oct 6, 2023

Cash Value take home after taxes....$405.5 million......Has such a wonderful ring to it 

Ooh yes it does.

I would just take it all and put it into 12 month T.Bills at 5.4% PA for a return of 13.7M a year after taxes.

I don't need a 47M sprawling house, am ok with a 1M upgrade 😜

That is so much money, for real.

PrisonerSix

Quote: Originally posted by Perfecttiming2 on Oct 5, 2023

In addition to my history with JP Morgan not being a pleasant one, I know they just settled the trafficking charges against Jeffrey Epstein, thus whoever folks seek to work with it is good to check them out as there are others who may be a better fit.

You should also look into the background on financial planners as well...
(my former planner had major strikes against them for illegal activities, nothing that harmed me but I don't do anything with them anymore).

Always good to do a background check on anyone handling your money.

Many so called "experts" can't agree on what to do with a windfall so who knows what the answer is?

SoCola

Man people must be bored of the big jackpots!

It looks like the cash amount for tmrw is being reduced to 614 from 643. 

Estimated sales for tmrw drawing is $219M. If it rolls its going to 1.55B annuity with $679 cash and estimated sales for that one are $185M

andl's avatarandl

I want to see a record cash value now that people are getting fatigued on ticket purchases.

PrisonerSix

Quote: Originally posted by SoCola on Oct 6, 2023

Man people must be bored of the big jackpots!

It looks like the cash amount for tmrw is being reduced to 614 from 643. 

Estimated sales for tmrw drawing is $219M. If it rolls its going to 1.55B annuity with $679 cash and estimated sales for that one are $185M

I noticed that. I remember a ptevious drawing when the advertised estimate was larger than the final payout, when it's usually the other way around. They are just being cautious.

justadream

Quote: Originally posted by Artist77 on Oct 6, 2023

That guy was oddly entertaining. Surprised he has not been in the news again.

I wonder if he wasn't the one trying to bring his pet alligator into a Philly game by claiming it to be his support animal.  Apparently they are legal in Pa.

hearsetrax's avatarhearsetrax

Quote: Originally posted by PrisonerSix on Oct 6, 2023

Many so called "experts" can't agree on what to do with a windfall so who knows what the answer is?

the answer is simple enough :

if you have your head soldered on straight and the proper mind set 

anything is possible, but somewhat unlikely 

Coin Toss's avatarCoin Toss

Quote: Originally posted by Wildbill78 on Oct 5, 2023

I've been playing the lottery for 20 years and the lottery officials took thousands of dollars from me for a hope and a dream like millions of us around the globe. I truly hope I win big some day!! If at worst I can get all my money back I put into it. I'm never giving up. I truly believe persistent is the key. Like my grandma always said "IF IT DOESN'T CHALLENGE YOU THEN IT WON'T CHANGE YOU" one of the truest statements I ever heard. Let that sink in folks.

Wildbill78

Do the lottery officials take the money from you or did you willingly give it to them?

JustMaybe

Everybody has their back on Mega Millions, so am going to sneak in, grab a ticket and thrown in the Megaplier and see if I can scuttle away with the 98M before anybody notices 🤣🤣🤣

I am totally ok with 98M, I don't mind 405M, but 98M is just as good 😁

PrisonerSix

Quote: Originally posted by JustMaybe on Oct 6, 2023

Everybody has their back on Mega Millions, so am going to sneak in, grab a ticket and thrown in the Megaplier and see if I can scuttle away with the 98M before anybody notices 🤣🤣🤣

I am totally ok with 98M, I don't mind 405M, but 98M is just as good 😁

I have 2 MM tickets as well. That prize would be good too.

TheMeatman2005's avatarTheMeatman2005

Has anyone noticed that the Jackpot stayed the same at $1.40 Billion, but the Cash Value was decreased from $643.7 Million down to $614.0 Million?

Has the interest rate gone up?

Higher interest rate means less cash needed to earn same amount.

HumanBlade666

Bought tickets for mega millions power ball and megabucks doubler for my home state of Massachusetts. If I am lucky enough to hit any of these jackpots will go through with a lawyer and trust or llc to submit the win! Would rather be anonymous than out in public!

JustMaybe

Quote: Originally posted by TheMeatman2005 on Oct 6, 2023

Has anyone noticed that the Jackpot stayed the same at $1.40 Billion, but the Cash Value was decreased from $643.7 Million down to $614.0 Million?

Has the interest rate gone up?

Higher interest rate means less cash needed to earn same amount.

Meaning that the 405M will drop to 386M. Not good but not bad either.

Bleudog101

Quote: Originally posted by HumanBlade666 on Oct 6, 2023

Bought tickets for mega millions power ball and megabucks doubler for my home state of Massachusetts. If I am lucky enough to hit any of these jackpots will go through with a lawyer and trust or llc to submit the win! Would rather be anonymous than out in public!

Refresh memory since I don't do Season tickets anymore from Massachusetts.

 

Had read Megabucks Doubler will change, getting rid of the Doubler name and add a day and I think it said change the matrix.  As long as they stay with mechanical balls all is good!

DDBagger519

Quote: Originally posted by Bleudog101 on Oct 6, 2023

Refresh memory since I don't do Season tickets anymore from Massachusetts.

 

Had read Megabucks Doubler will change, getting rid of the Doubler name and add a day and I think it said change the matrix.  As long as they stay with mechanical balls all is good!

They're changing the number of days, doubling the price of the ticket to $2, and only having 44 balls instead of 49.  They're also automatically doubling the lower tier prizes and dropping the Doubler name as you stated.

JWBlue

Quote: Originally posted by DDBagger519 on Oct 6, 2023

They're changing the number of days, doubling the price of the ticket to $2, and only having 44 balls instead of 49.  They're also automatically doubling the lower tier prizes and dropping the Doubler name as you stated.

If they are reducing the # of balls does that mean the odds of winning the jackpot will increase?

KY Floyd's avatarKY Floyd

"It looks like the cash amount for tmrw is being reduced to 614 from 643.  "
"They are just being cautious. "

They're not being cautious. They're failing at accurately predicting sales.

"Higher interest rate means less cash needed to earn same amount. "

Higher interest rates mean the same amount of cash can buy a bigger annuity.  The $1.4 billion annuity they're advertising was originally based on each dollar of cash buying $2.175 of annuity and having $643.7 million in cash. Rates have changed, and now every dollar of cash will buy $2.28 of annuity. If they were still planning on having $643.7 million in cash they'd be able to buy an annuity worth $1.467 billion. In that case being conservative would mean  advertising a $1.45 billion jackpot.  That they're sticking with the smaller annuity value based on what the cash can earn instead of the cash value that's based on actual tickets sales means that instead of selling enough tickets to add $92 million to the cash prize they're now expecting to sell only enough to add about $62 million. The worksheets on the TX lottery website show an initial sales forecast of about 139.4 million tickets, and a revised forecast of about 109.5 million tickets.

"I want to see a record cash value "

Based on the new rate it will take an advertised annuity of $2.275 billion to beat the previous high cash value by a couple hundred grand. I'm sure a lot of people think the advertised annuity means we're almost 70% of the way there, but the $614 million cash value they're now reporting means we're only 61.5% of the way there. The chance of a run getting this far is only about 5%, so the chance of getting the rest of the way to a new record is only about 8%.

EnReval

It needs to roll 4x to get to 2.275

CDanaT's avatarCDanaT

Being the noble TN  Volunteer, I am offering my services to accept the jackpot this evening and relieve you good folks of worrying about a $2B jackpot.

JustMaybe

Quote: Originally posted by CDanaT on Oct 6, 2023

Being the noble TN  Volunteer, I am offering my services to accept the jackpot this evening and relieve you good folks of worrying about a $2B jackpot.

Someone in Texas walked away with our MM jackpot 😭

CDanaT's avatarCDanaT

Quote: Originally posted by JustMaybe on Oct 7, 2023

Someone in Texas walked away with our MM jackpot 😭

I saw that JM.......🤬......Wasn't overly thoughtful of them to do that.

JustMaybe

Quote: Originally posted by CDanaT on Oct 7, 2023

I saw that JM.......🤬......Wasn't overly thoughtful of them to do that.

We still have the PB, let's keep hope alive 😁

hearsetrax's avatarhearsetrax

Congrats to the latest MM winner/s in TX 🎃

and to those grousing about it

onward we go to tonight's PB 

whar she lands no body knows !! 

will it be tonight or Wednesday ?!?

mightwin1's avatarmightwin1

Quote: Originally posted by hearsetrax on Oct 7, 2023

Congrats to the latest MM winner/s in TX 🎃

and to those grousing about it

onward we go to tonight's PB 

whar she lands no body knows !! 

will it be tonight or Wednesday ?!?

Maybe it will be a lucky weekend overall.....both Jackpots getting won?

stexstuff

I noticed more that there was no comment about that from Powerball.

DDBagger519

No midday bump up on the day of the draw.  We have a pretty good chance to see another rollover.

PrisonerSix

Quote: Originally posted by mightwin1 on Oct 7, 2023

Maybe it will be a lucky weekend overall.....both Jackpots getting won?

I bought an extra ticket today. Maybe it will be lucky.

SoCola

Quote: Originally posted by DDBagger519 on Oct 7, 2023

No midday bump up on the day of the draw.  We have a pretty good chance to see another rollover.

Bump? They reduced the cash from 643 to 614 yesterday because they overestimated.

CDanaT's avatarCDanaT

Quote: Originally posted by SoCola on Oct 7, 2023

Bump? They reduced the cash from 643 to 614 yesterday because they overestimated.

So the ratio of Cash to Annuity is now under 44%....THAT, is pretty sad.

Bleudog101

My 'little' pet peeve with Powerball is the rule that after $150 million, the Powerplay of 10X goes away.  It seems like it only comes in twice/year and as most folks here that play that can attest usually it is just 2X.  Now grumpy grouper wonders why they don't mirror Mega Millions with their multiplier so you could potentially win $5 million whereas Powerball stays @ $2 million regardless of the multiplier!

ShagE3

There once was a lotto playa named ShagE

He would play MM and/or PB

If the jackpot hit 100 mil

He would purchase but one ticket

If the 'pot hit 99 he would  say F... it

But at the end of the day he always has a deviled ham sandwich with onion and yellow mustard on wonder bread and a birch beer or moxie to look forward to.

JustMaybe

Quote: Originally posted by Bleudog101 on Oct 7, 2023

My 'little' pet peeve with Powerball is the rule that after $150 million, the Powerplay of 10X goes away.  It seems like it only comes in twice/year and as most folks here that play that can attest usually it is just 2X.  Now grumpy grouper wonders why they don't mirror Mega Millions with their multiplier so you could potentially win $5 million whereas Powerball stays @ $2 million regardless of the multiplier!

A 10X power play would net you 10M on the second prize, that would be such a motivator.

But now what they did is make another 10M jackpot called double play.

You still have to match 5+1 to win it - just as hard as winning the original jackpot.

Do you think eliminating the double play $1 and having the 10X on the second prize regardless of the jackpot amount would motivate people to buy more and as such not affect the money brought in by the extra $1 generated by the double play?

Probably more people would though in the power play if the winning did not max out at 2M.

JustMaybe

Quote: Originally posted by ShagE3 on Oct 7, 2023

There once was a lotto playa named ShagE

He would play MM and/or PB

If the jackpot hit 100 mil

He would purchase but one ticket

If the 'pot hit 99 he would  say F... it

But at the end of the day he always has a deviled ham sandwich with onion and yellow mustard on wonder bread and a birch beer or moxie to look forward to.

There once was a lotto player named JustMaybe aka JM

JM would play both MM and PB regardless of the jackpot amount and go an extra mile by throwing in an extra $1.

JM would purchase but one ticket.

At the end of the day, JM would have anything that JM desired and washed it down with a glass of wine.

😁😁😁

ShagE3

This is what id suggest:

Power play 10x up to $250 mil.

2nd prize included in powerplay. ....

ShagE3

Actually if there were ever a PB/mm merger:

Keep the mm matrix

Powetplay/megaplier has 10x including 2nd prize

Keep 3 draws a week .... you pick the days

Guaranteed 50 mil starting jackpot

Bring in Rolanda vega from her retirement as the host of the draw

mightwin1's avatarmightwin1

All high numbers.....maybe a roll?

EnReval

Wow

high numbers and unique 

gotta be ages or qp to win

PrisonerSix

It rolled. $1.55billion Annuity, $679.8million cash.

Coin Toss's avatarCoin Toss

Quote: Originally posted by EnReval on Oct 7, 2023

Wow

high numbers and unique 

gotta be ages or qp to win

Could also be birth years, anniversary years, graduation years, etc....

Bleudog101

Quote: Originally posted by JustMaybe on Oct 7, 2023

A 10X power play would net you 10M on the second prize, that would be such a motivator.

But now what they did is make another 10M jackpot called double play.

You still have to match 5+1 to win it - just as hard as winning the original jackpot.

Do you think eliminating the double play $1 and having the 10X on the second prize regardless of the jackpot amount would motivate people to buy more and as such not affect the money brought in by the extra $1 generated by the double play?

Probably more people would though in the power play if the winning did not max out at 2M.

Forgot about Double play since it is not offered here.   Had played it in Indiana once for several draws.

What I hadn't figured out is there another drawing for double play since I've never seen a drawing nor read about it?

I may suggest this to Kentucky Lottery but not really feeling it.

 

Yeah, bring back Yolanda Vega to Florida from NY to do the announcing.   Certainly her Statie Hubster has retired from the force by now.  Or she could @ least do the Powerball Rockin' NY Eve in Times Square.   How many LP members have entered through their respective states for a snowball's chance of even getting into the national drawing?  I have 44 entries but that doesn't really mean anything IMHO.

Unluckyone's avatarUnluckyone

Quote: Originally posted by CDanaT on Oct 7, 2023

So the ratio of Cash to Annuity is now under 44%....THAT, is pretty sad.

Funny how they reduced the cash value by almost $30 million but the Annuity stayed the same. Interest rates didn't go up substantially in the past 2 days.

DDBagger519

Quote: Originally posted by SoCola on Oct 7, 2023

Bump? They reduced the cash from 643 to 614 yesterday because they overestimated.

The jackpot amount never decreased, and in fact increased by approximately $22 million prior to the draw.  Cash payouts are based on interest rate fluctuations.

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