Powerball jackpot hits nearly $500 million after no one matches all six numbers
(Gray News) – Powerball says its jackpot has soared to $495 million, the eighth-largest in the game’s history, following the most recent drawing.
The lottery is still looking for its first jackpot winner of 2019 because no one matched all six of the winning numbers drawn Wednesday night. Those numbers were 69, 36, 45, 47 and 18. The red Powerball number was 14.
A jackpot winner will match numbers on all five white balls and the Powerball. The white balls will be numbered one through 69 and the Powerball will be one through 26.
Two tickets in New York matched the five white balls but not the Powerball to win $1 million, according to a lottery press release. One ticket in Florida matched the five white balls and included the Power Play option, which raised the prize to $2 million.
Statistically, you only have a one in 292.2 million chance of winning the big prize. But if you were to beat the long odds and hit the jackpot, you’d have an important decision to make: cash or annuity.
Taking the cash option will net you all the money available in the prize pool. In the case of Saturday’s grand prize, that’s an estimated $300.2 million.
The annuity option will give you the entire jackpot broken down into 30 payments over 29 years. To combat inflation, each payment will be 5 percent larger than the previous.
Of course, federal and jurisdictional taxes apply to both options.
Drawings will be held every Wednesday and Saturday night at 11 ET until someone wins the jackpot. If nobody wins, the jackpot will continue to climb.
When a jackpot winner is determined, the prize will reset at $40 million.
Copyright 2019 Gray Television Group, Inc. All rights reserved.Powerball is still looking for its first jackpot winner of 2019 as the grand prize edges ever closer to half a billion dollars.
No one won Wednesday’s $500 million Powerball lottery, jackpot jumps to $675 million
Kelly Cripe, a spokeswoman for the Texas Lottery, says no one matched the numbers drawn Wednesday night.
She says that means the estimated prize for Saturday’s drawing is $675 million, the largest jackpot of any lottery game in U.S. history.
Wednesday’s jackpot was ranked as the sixth-largest offered in North America and the biggest since a $564.1 million Powerball prize shared by players from North Carolina, Texas and Puerto Rico last February.
Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
The odds of winning are one in 292.2 million.The odds of winning are one in 292.2 million. Your chance of being struck by lightning in a year is about one in 960,000. ]]>