Now 10th-largest jackpot in US history
By Todd Northrop
Due to larger than expected sales volume, the Multi-State Lottery Association (MUSL) has raised the official Powerball lottery jackpot estimate for Saturday's drawing to $380 million.
The updated jackpot figure propelled Saturday's drawing into the top 10 highest jackpots in United States lottery history. (See the top 25 annuity and cash value jackpots below.)
The all-important lump-sum cash value of the jackpot has been raised to $256.8 million — still the 6th-largest cash jackpot ever offered in a United States lottery drawing.
Lottery players seeking to check the winning numbers Saturday night are urged to use USA Mega (www.usamega.com). State lottery Web sites are normally brought to a standstill during busy periods, while USA Mega normally remains responsive.
Powerball drawing results will be posted immediately after the 10:59 pm drawing at USA Mega. The number of winners and new jackpot will be announced after all participating Powerball states have reported their data, which normally occurs within a couple of hours after the drawing.
If there are no jackpot winners for Saturday's drawing, the annuitized jackpot for next Wednesday will be an estimated $450 million.
Tickets will remain on sale typically until 10:45 pm Eastern Time on Saturday, although players should check with a lottery retailer in their state for the exact sales cutoff time. Players are advised not to wait until the last minute. (See what can happen if you do.)
The odds of winning the jackpot are approximately 1 in 175 million. The odds of winning any of the Powerball prizes are approximately 1 in 32.
Powerball tickets cost $2 each.
Lottery players can see an after-tax analysis of the current Powerball jackpot by visiting USA Mega's Jackpot Analysis page.
Powerball features nine different prize levels, ranging from $4 all the way up to the jackpot. Players can win even if they just match one number — the Powerball number.
All states except California also offer the Power Play option for an extra $1 per ticket purchased. The Power Play multiplies any non-jackpot prizes won by a fixed amount, depending on the prize level won.
Players who purchase the Power Play and win second prize will automatically have their prize increased by 2x to $2 million.
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 tied for the 13th-largest lottery jackpot of all time in the United States. That position may rise before the drawing Saturday night, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.
- Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
- Mega Millions: $648 million, Dec. 17, 2013 - California, Georgia
- Powerball: $590.5 million, May 18, 2013 - Florida
- Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
- Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
- Powerball: $425.3 million, Feb. 19, 2014 - California
- Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
- Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
- Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
- Powerball: $380 million, Feb. 7, 2015 - Preliminary estimate, not won yet
- Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
- Powerball: $365 million, Feb. 18, 2006 - Nebraska
- The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
- Powerball: $340 million, Oct. 19, 2005 - Oregon
- Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
- Powerball: $337 million, Aug. 15, 2012 - Michigan
- Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
- Mega Millions: $336 million, Aug. 28, 2009 - California, New York
- The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
- Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
- Mega Millions: $326 million, Nov. 4, 2014 - New York
- Mega Millions: $319 million, Mar. 25, 2011 - New York
- Mega Millions: $315 million, Nov. 15, 2005 - California
- Powerball: $314.9 million, Dec. 25, 2002 - West Virgina
- Powerball: $314.3 million, Aug. 25, 2007 - Indiana
The number of jackpots in the top 25, by lottery game, are:
- Powerball: 13
- Mega Millions: 10
- The Big Game: 2
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 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.
Looking at the cash value, the upcoming Powerball jackpot ranks as the 6th-largest cash value in U.S. history.
- Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
- Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
- Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
- Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
- Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
- Powerball: $256.8 million cash, Feb. 7, 2015 ($380 million annuity) - Preliminary estimate, not won yet
- Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
- Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
- Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
- Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
- Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
- Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
- Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
- Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
- Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
- Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
- Mega Millions: $197.5 million cash, Nov. 4, 2014 ($326 million annuity) - New York
- Mega Millions: $194.4 million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
- Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
- The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
- Mega Millions: $177.3 million cash, Jan. 16, 2015 ($270 million annuity) - Illinois
- Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
- Powerball: $170.5 million cash, Dec. 25, 2002 ($314.9 million annuity) - West Virginia
- Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
- Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
The number of jackpot cash values in the top 25, by lottery game, are:
- Mega Millions: 13
- Powerball: 11
- The Big Game: 1
We might buy 1 line if it reaches 1 Billion Dollars.
should be a most curious Saturday night
ROCK'N ROLL! HERE WE GO!
I hope it's birthday numbers that get drawn and a sizable crowd walks away very happy. On that thought I'll get me another ticket with low numbers
I'm so dizzy- my head is spinning..
I like to point out something this jackpot shows very clearly about the jackpot anniuty option.
#5 $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) -
#6 $256.8 million cash, Feb. 7, 2015 ($380 million annuity)
It's within 2 million dollars of #5 jackpot 258.2 million cash jackpot , Yet the annuity is 380m current vs 448m in 2013, only 2 years ago!
This is power of 30 year interest rates have on all lottery jackpots! 60+ million dollars less today, thanks to interest rates!
The Lottery buys special Treasury securities that are very much linked to 30 year rate for normal t-bills, as 30 year notes go down, so does annuity securities lottery buys on your behalf.
At the moment our 30-Year treasury bond is one of the worst possible investments in the entire world.
Sense your also dealing with the Inflation over decades. It will eat your low 2% yield alive, significant losses of purchasing power over time.
however don't take my word for it, if any of you do win(good luck), go to largest investment firms like:
Goldman Sachs.
Morgan Stanley.
JPMorgan Chase.
Merrill Lynch.
They ALL tell you they can all earn way more then treasury yield , take the cash!
Even with there high management fees ( I would not use them firms my self, but they manage billions and i don't so there there people to ask over some guy on web)
didn't a couple of those investment firms get hacked this year or the previous year ??
Hopefully it rolls a couple more times otherwise let there be one jackpot winner
Well now - it probably was my purchasing a 2nd ticket that pushed the annuity up 20M$. ... and you are all welcome!
$380 million sounds good to me
This could trigger a buying frenzy. I'll have to watch the news to see if players start standing in lines to buy a few extra tickets.
Keep Rolling $480,000,000.00 sounds really good........
I'm mostly interested in having ten or more people, win the 2nd prize every draw. We have to be getting some of that money back from the lottery, one way or another. The jackpot can roll, ad infinitum for all I care.
someones going to win saturday(:
The annuity value jumped up $20 million yet the cash value only went up $6.3 million. No matter what I'll take it. Now if someone from the forum can be so lucky this Saturday! Sweet dreams everyone and don't forget to buy your ticket....I will be getting mine tomorrow??
I hope so! Good luck to you Hearsetrax!
If you do win this one make sure to take the cash option and don't go handing out the winnings to every person you meet on your street. You can easily beat the annuity rate by investing the money yourself.
I'm in for one row this weekend.
Powerball!
I agree! cash is king.
That just shows you how much is needed to break even when the jackpot resets to $40M, $12.6M cash should cover it.
Oh yes, Jackpot fever has returned!!
I'm getting it!!!!
Why not invest in Lehmann Brothers?
Oh...yeah...
The US Treasury had to bail out Merrill Lynch, among other amazing firms.
$380 million Woo Hoo!!
well...let's seeeeeeee....takin' the cash and running fast.... so that is 256 minus 40% for Uncle Sam...leaves me roughly 153 Million and change(no state income tax here).. Have a new home(s), cars, toys,gifts to various family members, donations to non profits,buy the track(sp?) chairs for as many disabled vets as I could,should leave me with 50-60 Mil. ...spend 500K a year over the remainder of my estimated existence....should leave the offspring with 30-40 Million ....Wouldn't have to invest a dime !!!....Course, I would always invest...maybe with Edward Jones...They handle a friend's family estate that's worth 50+million and they are very happy with their results.......Just a nice thought for tonight's drawing....
Sure. Why not? You can be part of the too-big-to-fail club.
Sounds like a plan! I've got one similar. :)
I'm headed out on a country drive to spend the day with parents, and planning on stopping at several small town gas & goes to pick up one ticket each.
Got my ticket for tonight's game. Not hoping for a roll over but for multiple winners.
I hope the winners will be given the right to anonymity. It would be very dangerous for winners of such a large amount to be identified.
just quit playing altogether if your that worried
. We read the same rant and rhetoric every time the jackpot grows this large. Interestingly enough, these are some of the same posters who have so much commentary when the winner is identified. They get all excited about what the winner will or will not do. So, take that away and I suspect LP will birth more home-grown conspiracy theorists. The ones who plan to win and take sensible steps in managing their win-fall rarely end up dead. Focus on winning the darn thing. That's hard enough if not impossible. Whinging about taxes and media frenzy is something out of our control. Again, it is the media that helps these jackpots grow so large. Give them a one word interview in your spider man mask if you ever hit it big.
People say; lottery is a foolish dream, but hey it might happen!
"Whinging about taxes and media frenzy is something out of our control."
How is it out of our control? Other countries allow winners to collect their prize anonymously and other countries don't collect tax on lottery winnings, so why not here in the US? If enough people care about being anonymous and not having to pay tax on the lottery we might be able to change things.
Good luck to all!
IDK if they take city tax to but never mind that at take home after all taxes take home for me between $139,904,640(39.6+5.92) or $134,126,640(39.6+5.92+2.25).
That is enough for me to buy my 3.5mill ohio home, 2.5mill florida home, 1.8 prevost rv, my 3 lamborghini, my 2 rolls royce, couple of escalades, a few bentley , a maybach 62s , and if i had that much def a bugatti super sport, then of course a home for mom and sis and whatever car they want, a few good hand outs for friends and family( your a fool if u think your money back just give to people and tell them to enjoy and you dont want it back(less headace and pressure)). and that would be 24 mill to myself( extra would be food and travel money) 5-6 mill for family and friends. And a few million in bank for son. so with that i STILL have over 90 million to still play with and i have all my toys cars and homes paid for in cash.
And anyone on here talking bout they would change or anthing like that ur lying to yourself. dream big and have fun and think they took $116,895,360 to $122,673,360. i say spend what u have fun and take cash option*
one winner one winner one winner (even if its not me)
Let me know how that works out for ya.
While you recruit posters for the march to Washington, I will be tweaking my system.
Fair enough. Far be it from me to mess with a tweaker.
And if im not mistaking but 50% of money goes to jackpot and the other 50% goes to education, funding lottery and of course taxes. my question is why they dont just put a sales tax on the ticket when you buy it. so here in ohio. it will be 7% so ticket would be $2.14 to purchase. and when you win any amount you wont have to be taxed because you already paid tax ;) i no wishful thinking hahahahah
I got my tickets if someone over here wins and next year we have the same tax rate the person will take home around 169 millions. You can buy a lot of pina coladas with that.
The ODDS make people say it's foolish, but win the thing? And, suddenly some 'fool' becomes pretty smart (or lucky in the eyes of those who say it's a dream). This much money better make you smarter, because everyone will want part of your dream. One thing is certain - without a ticket? You have NO chance, and no matter what the odds are, if you have a ticket, you have A chance. Forget the odds and it comes down to "ticket vs. no ticket". And, it will happen.
Good one!
Wow, this is definitely a surprise. I was originally only expecting $425-$450 million (the most) for Valentine's Day but it looks like it will be that much for the pre-Valentine's drawing if no winner tonight. That would be $304.1 million cash to start
My wife tells me I'm wasting our money on buying lottery ticket, all the time. I say when I win, you be changing that tune!
"One thing is certain - without a ticket? You have NO chance, and no matter what the odds are"
Not everyone believe that, people loitering at lottery retailer stores telling players to "remember me if you win" and others reminding relatives and co-workers to get a ticket and "remember me if you win", believe if someone they know wins they will too.
When athletes win the championship, the only thing cheerleaders get is ^%T*#
It will most certainly hit half a billion dollars if there's no winner tonight.
I can't wait for the day to say, "One...BILLION...dollars."
Well if it was to ever roll to a billion n kept current rate of annuity vs cash of 67.58% cash value would $675,800,000 me likey a lot
I seriously doubt it'd ever hit the billion dollar mark ...........
but time will spin a most curious thread if it did
Just curious, how many tickets does everybody have?
Normally I just play my usual numbers I have for years but when it gets up there I tend to buy three. That said I have my normal numbers, another set I have from a fortune cookie I use when the pot gets big and the third a quick pick from the automatic machine at my local grocery store.
I hope it's my day.
Could you imagine the frenzy with a billion dollar jackpot (annuity)? Lines would be a mile wrapped around every lottery retailer! LP would go into overdrive. We will have to take up a collection to send Todd and his team oxygen and Starbucks gift certificates.
What would it take, about three more rollovers to hit a billion? I assume it's going to get tonight now that it's a "public" jackpot with people buying tickets because they saw it on the news and whatnot.
I think it's going to roll over but that might be my wishful thinking. Where are the mathematicians? Has anyone done the calculations on the chances of a roll over?
We will have to take up a collection to send Todd and his team oxygen and Starbucks gift certificates.
The latest estimate gives a 72.9% chance of rollover for this specific drawing, whereas we are also entering the 90% cumulative percentile. I'm actually surprised the jackpot got a boost because normally it doesn't jump until it gets in record territory. Guess everyone has been impatient for big jackpots
I won't be participating tonight, but if it rolls without a winner I may buy a ticket for the next draw.
Thanks for the stats. Roll baby roll.
I would choose to "Invest" in, 'Long-Term Capital Management'. Laugh/cry out loud!
There is no such thing as a foolish dream. It is foolish not to have a dream.
Enough Rolling already. Do you realise how disconcerted people become if it rolls into uncharted territory and they are NOT the winner/winners? Who in their right mind needs a billion Dollars to live off? A certain % of those who do win big end up losing a large portion of their jackpot if not all of it.
l would prefer this jackpot to be won by a Few people instead of One..Screw Rolling, why? .. because l am ready, you ought to be as well.