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Powerball $170 Million Drawing Tonight

May 5, 2004, 7:49 am

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Powerball

Players around world are waiting for the numbers to be drawn in the $170 million Powerball drawing, which takes place tonight at 11:00 PM Eastern Daylight Time.

Some facts about tonight's drawing:

  • $170 million jackpot would rank as the 8th largest Powerball jackpot ever.
  • It would also rank as the 14th largest lottery jackpot ever.
  • This is the largest current lottery jackpot in the world.
  • The estimated cash option is $90.4 million.
  • The draw on Wednesday night will be the 15th draw of this jackpot run.  The run started on St. Patrick's Day (March 17, 2004).
  • There have been no jackpot winners, but more than 6.6 million players have won almost $51 million in cash prizes since this run started.
  • This is the 4th time in the last 10 months that the jackpot has reached the $170 million mark.
  • Based on sales for this draw, statistically 29.1% 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 05/01/2004) total $266,723,741.
  • This jackpot run has generated a total of more than $80 million for worthwhile state projects.
  • More than 41.1 million Powerball tickets will be sold for for Wednesday's draw.
  • Powerball tickets are currently selling at a rate of 16,700 per minute.
  • The lotteries sold more than $2 billion in Powerball tickets in 2003.  That translates into more than $600 million for worthwhile state projects.
  • Lottery proceeds fund a variety of state projects.

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 $5.66 million dollars a payment.
  • Powerball is played in 26 states, the District of Columbia, and the U.S. Virgin Islands. (28 total lotteries)

Powerball History

  • Powerball sales began in April 1992.
  • Since then, the jackpot has been hit 153 times by 180 winners (tickets) and has paid out jackpot prizes (both annuity and lump sum cash) totaling $5,268,921,111.
  • Powerball has paid out $2,990,540,429 in other non-jackpot cash prizes.  There have been 7,853 winners of the $100,000 prize and a total of 402,027,004 winners at all prize levels.
  • 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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