The Powerball jackpot is definitely getting attention right now and all those tickets being snapped up have pushed the big prize even higher for tomorrow’s drawing!
After reviewing the latest numbers, lottery directors in the game decided just a few minutes ago to raise the Powerball jackpot to an estimated $325 million annuity for tomorrow’s drawing. And there’s an even more interesting twist on the cash-option side of things: The lump-sum amount for tomorrow is $202.9 million, a record amount.
We think these latest developments show that $2 Powerball game is performing as expected. We’re less than a month into the new game and it’s already generating the bigger jackpots that we’d said would come with the new game when it was revamped in January. The new version of Powerball debuted Jan. 15. With it came starting jackpots that doubled to $40 million, easier odds of winning and a “second prize” that’s moved to $1 million cash.
Here’s how the jackpot numbers break down: The estimated $325 million annuity is the amount you’d get in annuitized payments over the 30-year payout of the jackpot. But if you were to choose the cash option like a lot of folks do these days, the lump-sum payment would be $202.9 million cash, and that’s a record. The biggest previous lump-sum amount for a Powerball jackpot was $177.3 million from the drawing on Feb. 18, 2006.
And the 411 on $2 Powerball: Players still choose their first five numbers from a pool of 59, but the group of numbers in the Powerball pool has shrunk from 39 to 35, producing better overall odds of winning a prize. Along with changes at the higher prize levels, the very smallest prize you can win in Powerball has also increased. You now win $4 when you match just the Powerball.
The Power Play® option is still available for an extra $1 per play. Instead of randomly multiplying prizes by two to five times, the Power Play now increases each prize level by a set amount. For example, if you’ve added the Power Play option to your ticket and you match the first five numbers in a drawing, the $1 million prize you would have won will be doubled to $2 million. Or, if you would have won a $10,000 prize for matching four of the regular numbers and the Powerball, the Power Play option will quadruple that prize to $40,000.
A chart showing all of the Power Play prize amounts is available here.



Follow
Us On Twitter
Friend Us On Facebook
Watch Us On YouTube