Powerball: Bet on jackpot to beat $425 million
Odds are the next set of Powerball winners will collect a lot more moolah than the current advertised record jackpots.
Odds are the next set of Powerball winners will collect a lot more moolah than the current advertised record jackpots.
The official estimates: $425 million for the annuity, $278.3 million for the cash. Both are Powerball records.
The annuity jackpot jumped by another record, $100 million, when no one hit all the numbers drawn Saturday night: 22, 32, 37, 44 and 50, with a Powerball of 34.
Before the dust settles, though, gigantic jackpots usually wind up sweetened by many millions.
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The bigger the jackpot, the more likely this will happen.
In August, a Powerball jackpot advertised at $320 million wound up landing at $337 million. The cash - which the Michigan winner chose - rose from $213.3 million to $224.6 million.
In February, a Powerball jackpot touted as $310 million wound up paying $336.4 million.
But what happened in March with Mega Millions was far more mind-boggling.
The annuity jackpot rolled over to $500 million for the March 30 drawing - a staggering jump of $144 million from the previous drawing.
But that half-billion completely underestimated the ensuing buying frenzy. Before the drawing, the jackpot was revised three times, to a staggering $640 million.
And when it came time to pay the three winners - in Maryland, Illinois and Kansas - the actual amount was put at $656 million.
That's $156 million more than the original estimate.
In just a few days.
That was the only jackpot bigger than this Powerball prize.
So, stay tuned. It could be a crazy couple of days.
If no one hits Wednesday night, it will be a crazy week, perhaps with jackpot figures never seen before.
Folks nationwide might be asking about a funny smell - and find out it's smoke coming from countless constantly cranking lottery machines.
For more on Powerball, or to check for updates, go to Powerball.com.