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Powerball Fact Sheet

Dec 31, 2003, 3:09 pm

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Powerball

Here's some interesting facts about tonight's estimated $210 million Powerball jackpot drawing.

New Year's Eve Draw Information


  • $210 million jackpot would rank as the 5th largest Powerball jackpot ever.

  • It would also rank as the 7th largest lottery jackpot ever.

  • This is the largest current lottery jackpot in the world.

  • The estimated cash option is $113.9 million.

  • The New Year's Eve draw will be the 16th draw of this jackpot run.  The run started with the Saturday, November 8 drawing.

  • There have been no jackpot winners, but almost 8 million players have won more than $68.7 million in cash prizes since this run started.

  • This is the 2nd time this year that the jackpot has crossed over the $200 million mark.
    Based on sales for this draw, we expect that statistically 45.8% of the possible number combinations will be purchased.

  • The Powerball draw takes place in West Des Moines, IA at 9:59 P.M. Central time.

Sales & State Benefit Information


  • Sales for this jackpot run (through 12/27) total $320,610,132.

  • This jackpot run has generated a total of more than $96 million for worthwhile state projects.

  • We expect to sell more than 73 million Powerball tickets for Wednesday's draw.

  • Powerball tickets are currently selling at a rate of 16,700 per minute.

  • The large jackpot is pushing sales higher in all states.  For example, the South Carolina Education Lottery reports sales of more than $1 million a day since the jackpot reached $100 million.  That's up from $600,000 a day.

  • In Iowa, Dr. Ed Stanek of the Iowa Lottery says, "In 2002 Iowa had $57.5 million in Powerball sales. It looks like 2003 will end at $63.2 million -- a full 10% higher -- just when our state budget has the greatest need.

  • The lotteries sold $2,032,714,787 in Powerball tickets in 2003 (thru 12/27).  That translates into more than $609 million for worthwhile state projects.

  • Lottery proceeds fund a variety of state projects.  For more information on lottery proceeds, check the NASPL website at http://www.naspl.org/benefits.html.

Powerball Odds & Game Information


  • The odds of winning the jackpot are 1 in 120 million.

  • The odds of winning any prize are 1 in 36.

  • You need to pick 5 of 53 white balls and 1 of 42 Powerballs.

  • Annuities are paid out in 30 payments over 29 years.

  • Before taxes, that would be $7 million dollars a payment.

  • Powerball is played in 24 states, the District of Columbia, and the U.S. Virgin Islands. (26 total lotteries)

Powerball History


  • Powerball sales began in April 1992.

  • Since then, the jackpot has been hit 150 times by 176 winners (tickets) and has paid out jackpot prizes (both annuity and lump sum cash) totaling $5,052,136,484.

  • The biggest Powerball jackpot ever was won on Christmas Day 2002.  The $314.9 million jackpot is the largest jackpot ever won by a single ticket.

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