News

With no winner since Christmas, Powerball hits $400M

With no winner since Christmas, Powerball hits $400M

BIG MONEY: The drawing scheduled for 10:59 p.m. EST on Wednesday is a chance to win the sixth-largest prize in U.S. lottery history and the fourth-largest for Powerball, according to a spokesperson for the Multi-State Lottery Association, which runs the game. Photo: Reuters

By Zachary Cook

(Reuters) – Powerball ticket buyers lined up at corner groceries and gas stations on Wednesday with visions of hitting the $400 million jackpot in the U.S. lottery that hasn’t had a top prize winner since Christmas.

The drawing scheduled for 10:59 p.m. EST on Wednesday is a chance to win the sixth-largest prize in U.S. lottery history and the fourth-largest for Powerball, according to a spokesperson for the Multi-State Lottery Association, which runs the game.

The top prize amount has been swelling since the last jackpot on Christmas Day, and it has rolled over 15 times and increased in value after each drawing since then, said Carolyn Hapeman, Powerball spokeswoman in New York.

Most recently, there was no winner in Saturday’s $330 million prize, which grew to a $400 million jackpot for Wednesday night’s drawing.

If the winner opts to take Wednesday night’s prize as a lump sum, it would amount to $227.8 million, the website said.

In the last two years, Powerball prizes have increased considerably, due to ticket prices doubling, from $1 to $2, and California, the nation’s most populous state, joining 42 other states, Washington and the U.S. Virgin Islands in playing the game.

The chance of claiming the jackpot is one in 175 million, regardless of how many tickets a person buys.

The biggest winner in the history of Powerball took home $590 million before taxes after purchasing a winning ticket in May 2013 in Florida.

The Powerball website said the average jackpot winnings are roughly $255 million and about 70 percent of winners buy their tickets with computer generated numbers.

(Editing by Barbara Goldberg and Gunna Dickson)

News

in Music

Andy Grammer signs on for ‘DWTS’

Fresh
andygrammer

The "Honey, I'm Good" hitmaker is hitting the dance floor.

in Entertainment

Why Bill Murray is in the new ‘Ghostbusters’ movie

Fresh
24-overlay

After spending a quarter of a century not agreeing to be in "Ghostbusters 3" as Peter Venkman, Bill Murray recently signed on to Paul Feig’s reboot of the franchise.

in Entertainment, Sports

Will Smith to take on NFL coverup

Fresh
21-overlay

"Concussion" is based on Dr. Bennet Omalu, who was the first to discover the existence of chronic traumatic encephalopathy (or CTE): a disease of the brain found in athletes with a history of repetitive brain trauma.

in Entertainment, Lifestyle

HAPPY BIRTHDAY: 26 freebies to help you celebrate this September

Fresh
birthday

On your birthday you can have your (free) cake and eat it too!