The jackpot in "America's Game" has reached its highest level in four months.
Even though the Powerball lottery jackpot was not awarded Wednesday evening, 773,100 players across the nation won a total of more than $6.8 million in prizes.
Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $167 million.
The cash option for the Saturday, October 1st drawing will be an estimated $83.1 million.
The numbers drawn Wednesday night were 7, 22, 27, 48, 50 and the Powerball was 17. The Power Play multiplier was 2.
Eight players in the states of Connecticut (2), Louisiana, Missouri, New Mexico (2), Pennsylvania, and South Carolina matched all 5 white balls and won $200,000. Two additional winners at this prize level also purchased the Power Play option for a total win of $400,000.
Forty-eight players matched 4 white numbers plus the Powerball and won $10,000. Four additional players who won at this prize level also purchased the Power Play and had their $10,000 winnings multiplied by 2 to $20,000.
More than 86,000 winning Powerball players multiplied their prizes by 2 Wednesday. They were able to do that by purchasing the Power Play option for one dollar. With Power Play you multiply your Powerball winnings from 2 to 5 times, except for the jackpot. At the beginning of each drawing a wheel is spun to select that night's multiplier.
Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels.
Players purchased more than $31 million in tickets between Sunday and Wednesday night.
The lotteries sold more than $2 billion in Powerball tickets in FY05. That translates into more than $600 million for worthwhile state projects.
I expected a bigger jump. If a single winner makes the wrong choice, they will win the largest annuity in US lottery history.
Hmm, although I would definitely choose lump sum, ...
$3,841,000 net per year is not that bad. I think I can live on that.
man plans, GOD Laughs
mt:
The new PB annuity INCREASES each year. You probably did not figure that in your calculation. The lump sum is now more attractive than ever.
mt:
The new PB annuity INCREASES each year. You probably did not figure that in your calculation. The lump sum is now more attractive than ever.
Actually, I didn't make any calculations. All I did was "cut and paste" the information off the website at
View: USA Mega — Powerball and Mega Millions Results and News
But thanks for the info.... by the way, is there a site where it shows the annuity payout for each year? Just curious as to exactly how much the new PB annuity increases each year.
Hmm, although I would definitely choose lump sum, ...
$3,841,000 net per year is not that bad. I think I can live on that.
man plans, GOD Laughs
New POWEBALL payout info based on a $30M jackpot.
If the jackpot is $167M your first payment would be $535,000 *($167M/30)~2,978,166 and last is about $9,285,200
Why is powerball not rising as fast...just seems that the jumps used to be bigger, maybe my imagination
The ANNUITY is ALWAYS the BEST deal !!!!!!
You show me HOW YOU get to invest the Lump Sum, in full, TAX FREE in T-Bills for a better than 200% return GUARANTEED (100% cash buy-in and 100+% dividends over 29 yrs less 25% fed) and I'll take the cash. Otherwise, the only thing guaranteed is you WILL get HIT 25% off the top of your precious lump sum.
Are YOU smart enough to take the Annuity ?
Annuities are for Lovers...LUMPs are for LOSERS !!!!!
The ANNUITY is ALWAYS the BEST deal !!!!!!
You show me how you get to invest the Lump Sum TAX FREE in FULL in T-Bills for a better than 100% return GUARANTEED and I'll take the cash.
Are YOU smart enough to take the Annuity ?
Annuities are for lovers...cash is for LOSERS !!!!!
Well I don't know about T-Bills, but there are a lot of high yield savings accounts out there. You put the cash in an Orange Savings deal for 30 years, and you end up with $171 million plus.
Orange Savings @ 3.3% APY .....You must be nuts....did you think you would get 33% APY ?!?!?
"Annuities are for Lovers"
Sounds like a bad tourism campaign slogan in the making to me!
I don't see a ring to it. It worked for Virginia tourism many years ago however.
The ANNUITY is ALWAYS the BEST deal !!!!!!
You show me HOW YOU get to invest the Lump Sum, in full, TAX FREE in T-Bills for a better than 200% return GUARANTEED (100% cash buy-in and 100+% dividends over 29 yrs less 25% fed) and I'll take the cash. Otherwise, the only thing guaranteed is you WILL get HIT 25% off the top of your precious lump sum.
Are YOU smart enough to take the Annuity ?
Annuities are for Lovers...LUMPs are for LOSERS !!!!!
Are you the same guy who caught the rabies from MadDog on another thread? Obviously you're the only individual in the world who can't improve on the government investment concept. By the way, the governemt looses money on everything they touch. Buy you books and buy you bnooks and you chew on the covers.
Here in the Northeast there's a canine flu going around. So I guess it's possible.
Thanks Green Dragon for doing my Homework for me.....I hate Math...you make it so much easier......(BTW) Chewie....your Blog(above) is cute and funny...
Caution:.Keep in mind where the argument over Annuity is concerned.....all states vary as far as State & local Taxes are concerned, and Circumstances vary over the Federal Taxes, which we all must pay....especially after winning the Jackpot.....Therefore '"CASH ONLY"....teaches a valid lesson regarding the Lump Sum Payment. Some winners have in fact chosen the Annuity because of where they live, and it worked out for them better....as it taught them how to manage the payouts, with repsect to Taxes, Investments, Family and Friends needs....
I read some very interesting stories of lottery winners in People Magazine and saved the issue to Inspire myself to continue to play.....every so often I read the stories of all these different winners and what they are doing with their monies......It's been a really mixed bag. Some took the Lump Sum....others preferred Annuity.......if they messed up in the fst year they did better the next
Caution:.Keep in mind where the argument over Annuity is concerned.....all states vary as far as State & local Taxes are concerned, and Circumstances vary over the Federal Taxes, which we all must pay....especially after winning the Jackpot.....Therefore '"CASH ONLY"....teaches a valid lesson regarding the Lump Sum Payment. Some winners have in fact chosen the Annuity because of where they live, and it worked out for them better....as it taught them how to manage the payouts, with repsect to Taxes, Investments, Family and Friends needs....
I read some very interesting stories of lottery winners in People Magazine and saved the issue to Inspire myself to continue to play.....every so often I read the stories of all these different winners and what they are doing with their monies......It's been a really mixed bag. Some took the Lump Sum....others preferred Annuity.......if they messed up in the fst year they did better the next
It will be tough for Powerball to ever get as high as Mega millions can, Powerball has a cap, the jackpot will only go up $25mil MAX at a time no matter how many tickets are purchased when it reaches what they call a "record amount". The excess money goes in a match 5 bonus pool to be divied up amoung all match 5 winners when the jackpot is won. so when someone hits the jackpot, everyone who matches all the white balls without the powerball get their $200,000.00 plus an equal share of the bonus pool.
The cap doesn't hit until 339.9 million and I really doubt this run can get that high.
I think there's a very realistic chance we will see the Match 5 bonus gimmick come into play during this run. As for cash/annuity it's virtually unheard for for someone receiving a $100 million prize through annuity payments.
I think there's a very realistic chance we will see the Match 5 bonus gimmick come into play during this run. As for cash/annuity it's virtually unheard for for someone receiving a $100 million prize through annuity payments.
WOW - 100 million dollars every year for (26 or) 30 years. What a thought!
I'd spend most of it looking for the foutain of youth.