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Powerball jackpot reaches record $700M

While there was a $2 million winner and several $1 million winners Wednesday, no one matched all numbers.
By Ed Adamczyk Follow @adamczyk_ed Contact the Author   |   Jan. 7, 2016 at 7:15 AM
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TALLAHASSEE , Fla., Jan. 7 (UPI) -- Saturday's Powerball jackpot crossed the $700 million threshold Thursday, the largest in U.S. history, after no one had all the winning numbers in Wednesday's lottery drawing.

Wednesday's numbers -- for a jackpot of $524 million -- were 2, 11, 47, 62 and 63, with a Powerball number of 17 and a multiplier of 3. Although there was one "Match 5 Power Play" winner of $2 million, several "Match 5" winners of $1 million in 12 states and more than 7 million winners of other, smaller amounts, no one hit the jackpot. The dollar figure of Saturday's big prize thus rolls over, and increases with every ticket sold until Saturday.

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Wednesday's payout, had it occurred, could have had an estimated pre-tax cash value of more than $300 million if taken as a lump sum, or more if the option of a 29-year annuity was chosen. The estimated lump sum payment for Saturday's drawing is currently $428.4 million.

A winner Saturday will likely enter lottery lore, which includes the 2015 winner of the California Lottery who lost the winning ticket and had the $1 million prize donated to the state's schools; the thief who stole sunglasses from a car in Oregon last year, neglecting to notice a winning Powerball ticket worth $1 million beneath them; and a Michigan woman whose winning ticket sat for months in a pile of mail.

Will you buy a ticket for the biggest Powerball jackpot in history?

Posted by UPI News Agency - United Press International on Thursday, January 7, 2016

Powerball is played in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

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