Powerball $170 Million Drawing Tonight

May 5, 2004, 7:49 am (8 comments)

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.

Lottery Post Staff

Comments

weshar75's avatarweshar75

Looks like a rollover will occur with a 70.9 % chance of a winning combination not being selected based on sales.

keystonechas

Love all the statistics. It makes it much more interesting, then the usual boring press release, that the jackpot is 170 million and thats it.

Good luck everyone, I would love to see someone from the LP hit this thing.

Play responsibly and have fun,  Chas 

mken35's avatarmken35

I am the Choosen One......

lottomoney

good luck everyone.

RJOh's avatarRJOh

If there is no winner tonight, the tickets sales rate will increase to well over 20,000 per minutes and terminals at businesses on the borders of the PowerBall states will have lines of outerstaters waiting to buy tickets.  When I head over to Indiana to buy my tickets,I prefer to drive an extra mile or two pass the first point of sales, it takes an extra five minutes but it saves about thirty minutes of waiting in line.  Some places will print QP's in advance for those players in a hurry with cash in hand but I prefer to make out cards since I pick my own numbers. A few years back, these lines would start forming at $100M but now days they starts at about $200M. I'm sure there are lot of other players like myself that will be watching tonight's results to see if it's time to start their engines and make a run for the boarder.

RJOh

DoctorEw220's avatarDoctorEw220

i think it's going to be hit tonight, hopefully by one of us.  TN and ND have never seen this big a jackpot in their history, so their players would probably buy more.  I wouldn't be surprised if one winning ticket is sold in TN.  They have been showing strong sales so far.

RJOh's avatarRJOh

Players start your engines, the jackpot is $205M and  it's time to head for the boarder.

RJOh

keystonechas

Boy I feel lucky. Six or seven lottery retailers within a ten minute drive and since its a small town away from the state line, no long lines.

Best of luck everyone. I'm going to bed and dream about money.

Chas

End of comments
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