The pot keeps growing, but your odds of winning still sit at just one in 292 million.
More than $581 million has been raised for the Nebraska Lottery’s beneficiary funds since the lottery began in 1993. Powerball jackpots start at $40 million. In a glowing Florida Lottery press release from October, when the changes were made, the lottery couldn’t even bring itself to call the odds “worse”. “A few years back we had one of the winners who won $300,000 dollars.” said Handy. PAYMENT OPTIONS The $500 million prize is based on an annuity, which would pay out the money over 29 years. The drawing is Wednesday night at 10:59 PM Eastern Time.
Powerball ticket sales have caught fire, boosting the jackpot to $500 million ahead of Wednesday night’s drawing. The retailer selling a winning ticket would receive a bonus of $1 million. With the Tennessee Lottery Mobile app and in-store ticket checkers, players can easily check their tickets to see if they have won a prize.
A woman purchase Powerball lottery tickets from a newsstand Wednesday, Jan. 6, 2016, in Philadelphia. Regulars who don’t normally play the lottery have taken the chance, she said, and two customers told her it was the first time they ever played. A victor of the jackpot could claim a single pre-tax payout of $306 million.
Although there was no overall victor, tickets sold in 12 states, none in OH, matched five numbers and are worth $1 million each.
Powerball tickets are sold in 44 states including the District of Columbia, U.S. Virgin islands and Puerto Rico. The overall chance of winning a prize is 1 in 31.85.
Ten jackpots ranging from $2.5 million to $365 million have been won in Nebraska since the Nebraska Lottery began offering Powerball in July 1994.