Aug 12, 2012, 8:26 am
15th-largest US jackpot ever; 6th-largest cash value
By Todd Northrop
For only the 15th time in the history of United States lotteries, a lottery jackpot run-up has crossed into $300 million+ territory.
The new high-water mark of $305 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $253 million grand prize.
The lump-sum cash payout value of Wednesday's Powerball jackpot is $203.3 million. After-tax cash and annuity prize amounts are reported state-by-state on the Jackpot Analysis page at USA Mega, a web site devoted to the Powerball and Mega Millions multi-state lottery games.
Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.
The mammoth prize is the result of 14 draws without a winner. The run-up started as a $40 million prize on June 27, 2012.
The winning numbers for Saturday, August 11, 2012 were 4, 13, 39, 46, and 51, with Powerball number 1.
Even though nobody won the jackpot Saturday, 5 lucky players matched the first 5 numbers for a $1,000,000 prize: 5 lucky players matched the first 5 numbers for a $1,000,000 prize: 2 from Florida, 1 from New Jersey, 1 from North Carolina, and 1 from Pennsylvania.
None of the second prize winners had purchased the Power Play option for an extra $1, which would have increased their second prize win to $2 million.
66 tickets matched four white numbers plus the Powerball and won $10,000. Of those tickets, 4 were purchased with the Power Play option, increasing the prize to $40,000.
Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $52 million from its previous amount of $253 million. The cash value was raised by $32.8 million from its previous amount of $170.5 million.
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 now played in 42 states, plus the District of Columbia and the U.S. Virgin Islands. Drawings are Wednesdays and Saturdays at 11:00 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
Wednesday's Powerball jackpot currently stands as the 15th-largest lottery jackpot of all time in the United States. That position may rise before the drawing Wednesday night, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.
If nobody wins Wednesday, it's anyone's guess how high it will go.
For those keeping score, the number of jackpots in the top 25, by lottery game, are:
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 20 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 is even better than the annuity, ranking as the sixth-largest cash value in U.S. history.
Your last visit: Tue, Jan 18, 2022, 1:27 am