Powerball Jackpot Reaches $55 Million

Jan 23, 2004, 9:01 am (1 comment)

Powerball

The excitement is rising along with the jackpot in America's Game. There were no Powerball jackpot winners Wednesday but 387,935 players across the nation won a total of more than $3.5 million in prizes.

Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $55 million.

The cash option for the Saturday, January 24 drawing will be an estimated $30.1 million.

The numbers drawn were: 13, 17, 34, 41, 45 and the Powerball was 17. The Power Play multiplier was 4.

Six players correctly matched the 5 white numbers and won $100,000. The tickets were sold in Arizona, Delaware, Minnesota, Nebraska, and Pennsylvania (2). The winning Delaware player purchased the Power Play option. By spending the extra dollar that player multiplied their prize by 4 for a total win of $400,000.

Thirty-two players matched 4 white numbers plus the Powerball and won $5,000. Two of those players purchased the Power Play option, giving them a total win of $20,000.

More than 49,000 winning Powerball players multiplied their prize by 4 Wednesday. They were able to do that by purchasing the Power Play option for one dollar. With Power Play you can multiply your winnings, except for the jackpot. At the beginning of each drawing a wheel is spun to select that night's multiplier.

Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels.

Players purchased more than 13.8 million tickets between Sunday and Wednesday night.

The lotteries sold more than $2 billion in Powerball tickets in 2003. That translates into more than $600 million for worthwhile state projects.

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Lucky1

How are those accountants at the Powerball Lottery calculate the jackpot's cash value? $55MM annuity vs. $30.1MM in cash option. You got to do better than that.  Mega Millions $51MM brings you $30MM in cash. Where is the other $4MM going? 

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