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Powerball at $340,000,000!!

Topic closed. 30 replies. Last post 11 years ago by ryanm.

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Bradly_60's avatar - disney37
Atlantic Mine, Michigan
United States
Member #416
June 23, 2002
1614 Posts
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Posted: October 16, 2005, 12:15 am - IP Logged

It actually rolled.

Brad

    Bradly_60's avatar - disney37
    Atlantic Mine, Michigan
    United States
    Member #416
    June 23, 2002
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    Posted: October 16, 2005, 12:15 am - IP Logged

    But very small increase!

    Brad

      Bradly_60's avatar - disney37
      Atlantic Mine, Michigan
      United States
      Member #416
      June 23, 2002
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      Posted: October 16, 2005, 12:19 am - IP Logged

      Oh duhhhh.....

      HAS THE CAP TAKEN EFFECT?

      Brad

        BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
        Magnolia, Delaware
        United States
        Member #18795
        July 20, 2005
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        Posted: October 16, 2005, 12:20 am - IP Logged

        How did you find out so fast? The Powerball site doesn't even say that yet? Please do tell Bradly.

         

        Keep dreaming the impossible dream, it just may come true! Thumbs Up

          KYPower418's avatar - nicebear
          New Member
          Louisville,KY
          United States
          Member #23702
          October 15, 2005
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          Posted: October 16, 2005, 12:20 am - IP Logged

          Wow!! I haven't seen the update from the Powerball website yet-is it official?

          There's always again!

            Bradly_60's avatar - disney37
            Atlantic Mine, Michigan
            United States
            Member #416
            June 23, 2002
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            Posted: October 16, 2005, 12:22 am - IP Logged

            Well check out the South Dakota website.  They say so.  And it would make since.

            Record jackpot was ~$315 + $25 cap = $340!

            Brad

              Tnplayer805's avatar - G 14_v78828750_Small.JPG
              North Dakota
              United States
              Member #13397
              April 5, 2005
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              Posted: October 16, 2005, 12:24 am - IP Logged

              Darn CAP!!!!!  Wonder what it would be without it?

              How are you going to win if you don't play?

                Bradly_60's avatar - disney37
                Atlantic Mine, Michigan
                United States
                Member #416
                June 23, 2002
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                Posted: October 16, 2005, 12:29 am - IP Logged

                I know I actually forgot about it and was thinking it could break $400.  But oh well the next time around it will have to hit $340 before the cap takes effect.

                It will be interesting to see how the bonus pays though.  Remember the bonus keeps rolling until someone wins.

                Brad

                  Tnplayer805's avatar - G 14_v78828750_Small.JPG
                  North Dakota
                  United States
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                  April 5, 2005
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                  Posted: October 16, 2005, 12:32 am - IP Logged

                  I would much rather the bonus go toward the JP but that's just me...

                  How are you going to win if you don't play?

                    Avatar
                    Morrison, IL
                    United States
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                    May 13, 2004
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                    Posted: October 16, 2005, 12:33 am - IP Logged

                      Wow.  Looks like the cap doesn't allow the jackpot to increase by more than $25 million over the previous record for any single drawing.

                      The Powerball.com front page also suggests there were no jackpot winners, else the statement at the top would already include, "The jackpot will be reset to $15 million."

                      KYPower418's avatar - nicebear
                      New Member
                      Louisville,KY
                      United States
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                      October 15, 2005
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                      Posted: October 16, 2005, 12:34 am - IP Logged

                      So that means it wasn't won on Sat? I'm sorry for asking-I'm not an expert on the jackpot LOL. What does the cap mean?

                      There's always again!

                        Avatar
                        new delhi
                        India
                        Member #22145
                        September 20, 2005
                        174 Posts
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                        Posted: October 16, 2005, 12:35 am - IP Logged

                         

                        PartyYIPPEE!!

                          Avatar
                          Morrison, IL
                          United States
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                          May 13, 2004
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                          Posted: October 16, 2005, 12:36 am - IP Logged

                            There is a rule that if Powerball reaches a new record, for every drawing, the jackpot cannot increase by more than $25 million per drawing.  The previous record was $315 million, so for next drawing, the annuity jackpot cannot be higher than $340 million - if it is not hit Wednesday, Saturday's jackpot cannot be higher than $365 million, and so forth.  The extra money that goes to the jackpot rolls down to the match 5+0 winners, and that accumulates until the record jackpot is won, on which date, the cash in the match 5+0 bonus pool is divided evenly among all the match 5+0 winners, in addition to their normal $200,000 prize plus any PowerPlay winnings (the bonus is not multiplied).

                            Bradly_60's avatar - disney37
                            Atlantic Mine, Michigan
                            United States
                            Member #416
                            June 23, 2002
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                            Posted: October 16, 2005, 12:42 am - IP Logged

                            Just doing a little math,

                            It will take about $12,000,000 to fund the $25 million increase.

                            Wednesday you can expect them to sell at least $90 million in tickets which means about $27 million should have gone to the prize pool.

                            So that means if it is won on Wednesday each other the 2nd tier prizes will share an extra $15,000,000.

                            Brad

                              KYPower418's avatar - nicebear
                              New Member
                              Louisville,KY
                              United States
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                              October 15, 2005
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                              Posted: October 16, 2005, 12:44 am - IP Logged

                              Oh ok, thanks! Wow, the Powerball website hasn't updated yet....

                              There's always again!