Current (As of 12-09-16) powerball game jackpotPrev TopicNext Topic

• msy1973

  

  winston-salem, nc
  United States
  Member #178,659
  December 9, 2016
  3 Posts
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  Dec 9, 2016, 9:42 pm

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  Is the current Powerball Jackpot increasing by more than $10 million at each rollover?

   

  Did something change with the game recently that I didn't hear about? Looked at Powerball website and could not find any info.

   

  Thanks
• KY Floyd

  

  NY
  United States
  Member #23,834
  October 16, 2005
  5,128 Posts
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  Dec 9, 2016, 9:52 pm

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  The interest rate on the annuity changed. Several weeks ago the cash value was about 67% of the annuity value, but now it's only 60%.
• msy1973

  

  winston-salem, nc
  United States
  Member #178,659
  December 9, 2016
  3 Posts
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  Dec 9, 2016, 9:57 pm

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  if the cash value is 7% less then what it used to be, how does that translate into the jackpot increasing by almost $14 million each time instead of $10 million?

   

  I thought the game rules had it set at a $10 million increase.

   

  Thanks for the response. I'm not a math wizard so just curious as to how it's working out that way.
• Kingofearth

  

  Israel
  Member #174,646
  May 5, 2016
  1,100 Posts
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  Dec 9, 2016, 10:01 pm

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  In response to msy1973

  Quote: Originally posted by msy1973 on Dec 9, 2016

  if the cash value is 7% less then what it used to be, how does that translate into the jackpot increasing by almost $14 million each time instead of $10 million?

   

  I thought the game rules had it set at a $10 million increase.

   

  Thanks for the response. I'm not a math wizard so just curious as to how it's working out that way.

  The MINIMUM is 10 Million, it's not set to increase at that.

  There's too much cash for the annuity they have posted so they need to increase it by more to catch up.
• RJOh

  

  100

  mid-Ohio
  United States
  Member #9
  March 24, 2001
  20,272 Posts
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  Dec 9, 2016, 10:03 pm

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  In response to msy1973

  Quote: Originally posted by msy1973 on Dec 9, 2016

  if the cash value is 7% less then what it used to be, how does that translate into the jackpot increasing by almost $14 million each time instead of $10 million?

   

  I thought the game rules had it set at a $10 million increase.

   

  Thanks for the response. I'm not a math wizard so just curious as to how it's working out that way.

  The jackpot has to increase at least $10M but not its cash value.

   * you don't need to buy every combination, just the winning ones * 

         
  
• msy1973

  

  winston-salem, nc
  United States
  Member #178,659
  December 9, 2016
  3 Posts
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  Dec 9, 2016, 10:08 pm

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  Ahhhhh..now I get it. Thanks for the replies.
• WinWinChicDin

  

  United States
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  March 5, 2016
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  Dec 10, 2016, 5:06 am

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  In response to msy1973

  Quote: Originally posted by msy1973 on Dec 9, 2016

  Ahhhhh..now I get it. Thanks for the replies.

  I thought it was in response to the past jackpot, that was rising pretty nicely . ....with people buying advance draw tickets so those still being in the pool it is rising faster.
• ressuccess

  

  United States
  Member #93,158
  June 23, 2010
  3,141 Posts
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  Dec 15, 2016, 10:07 am

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  In response to msy1973

  Quote: Originally posted by msy1973 on Dec 9, 2016

  Is the current Powerball Jackpot increasing by more than $10 million at each rollover?

   

  Did something change with the game recently that I didn't hear about? Looked at Powerball website and could not find any info.

   

  Thanks

  That means we could see up to $1 Billion Dollar jackpot even faster if nobody wins these jackpots.

  I hope that one $2 ticket is the only one that matches all 5 numbers plus the PB to win the largest PB jackpot in United States history of over $2 Billion Dollars! I hope that one $2 ticket is the only one that matches all 5 numbers plus the Mega Ball to win the largest Mega Millions jackpot in United States history of over $2 Billion Dollars!
• ressuccess

  

  United States
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  June 23, 2010
  3,141 Posts
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  Dec 17, 2016, 11:12 am

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  In response to ressuccess

  Quote: Originally posted by ressuccess on Dec 15, 2016

  That means we could see up to $1 Billion Dollar jackpot even faster if nobody wins these jackpots.

  When nobody won a $40 million dollar Powerball jackpot on Wednesday November 30th, 2016, then it rolled to an estimated jackpot worth $54 million dollars on Saturday December 3rd. That's after someone matched all 5 numbers 17-19-21-37-44 and the Powerball 16 to win the Powerball Jackpot worth $420.9 million dollars in Lafayette, Tennessee on Saturday November 26th, 2016. What do you think about my comment?

  I hope that one $2 ticket is the only one that matches all 5 numbers plus the PB to win the largest PB jackpot in United States history of over $2 Billion Dollars! I hope that one $2 ticket is the only one that matches all 5 numbers plus the Mega Ball to win the largest Mega Millions jackpot in United States history of over $2 Billion Dollars!