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Record $509 Million Powerball Jackpot Drives Ticket-Buying Frenzy


Dreams of vast riches from a record Powerball jackpot of at least half-a-billion dollars drove enthusiastic ticket-buying across the United States ahead of the Wednesday night draw, and continued heavy sales could nudge the payout higher, authorities said.

Powerball has not had a winner for two months, and the pot has already grown by nearly $175 million due to brisk ticket sales after no one won the top prize in Saturday’s drawing.

The next draw for the prize on Wednesday night would dish out a whopping $327.4 million and counting if paid as a lump sum. Alternatively, the $500 million can be paid out in an annuity over three decades.

Powerball is sold in 42 states, Washington, D.C., and the U.S. Virgin Islands. There have been nearly 300 jackpot winners over the past 20 years, taking home payouts of over $11.6 billion.

The chance of winning the jackpot are about one in 175 million, compared to about one in 280,000 for being struck by lightning.

Despite the long odds, the record payout has drawn interest from around the world, said Mary Neubauer, a spokeswoman for the Iowa Lottery, where Powerball is based. Lottery officials have received calls and emails from people outside the United States asking if they can buy a ticket from afar. They cannot.

“Sales across the country are just through the roof. It means lots of people are having fun with this, but it makes it difficult to keep up with the (jackpot) estimate.”

The previous top Powerball prize of $365 million was won in 2006 by ConAgra slaughterhouse workers in Nebraska.

In March, three winning tickets shared the largest U.S. lottery jackpot, the $656 million Mega Millions drawing.

(Reuters)



5 Responses

  1. #2, When my great-grandmother saw what was becoming of rich and modern people, she davened that her children should not be rich. But when she saw that they had grown up in the right path, despite the bad winds that were blowing at that time, she said her tefillah was only for her children, not her grandchildren…

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