Powerball Jackpot Jumps Again to Record $1.5 Billion

The Powerball Jackpot reached over 1 billion dollars after Saturday’s drawing when no one had the winning ticket.

The victor will received an estimated $806 million after taxes. That alone would give you a handsome $284 million profit if you bought every ticket.

Powerball tickets sell for $2, or $3 with the Power Play add-on, which multiplies all winnings except the top two prizes. Tickets for the record jackpot Wednesday can be purchased until 9:50 p.m. Wednesday night.

There have been several winners in the last few drawings of $1 million and $2 million prizes, including in Maryland and Virginia.

But yet again, there was no winning ticket. He’ll probably wind up with slightly less than that, after federal and state taxes on the winnings are finalised.

But don’t head over to the ATM to withdraw $584 million.

If there’s no victor in Wednesday’s drawing, the pot will continue to climb into unheard of amounts. That increases the chances – but doesn’t guarantee – that someone will win the jackpot.

That marked the 19th without a grand prize victor. That’s because many people use birth dates or anniversaries, addresses, or another familiar combination to pick their numbers – and those combinations usually involve numbers below 31.

Anita Goodwin from Hammond, Ind, buys her Powerball lottery tickets for Saturday’s $900 million multi-state drawing January 8 in Chicago.

More of your pressing questions about Powerball are answered below. That’s a lot of transactions.

The official Michigan Lottery site offers more information on instant tickets, raffles and other lottery games.

It’s just the odds are astronomically small that it will be you.

David Doucheutt of Chicopee told 22News he’d rather buy a ticket and have some chance than no chance at all.

Several local superintendents say they have yet to see the lottery increase funding for their school districts.