The next drawing will be Wednesday.
Tuesday, November 27, 2012
With little more than 24 hours to go before the next drawing, sales for the Powerball Jackpot continue at a strong pace. Since the last drawing on Nov. 24, the Powerball jackpot has grown by over $100 million to a record $500 million. The estimated cash payout is $327 million. According to ABC News, the previous record jackpot was $365 million in 2008. Each Powerball ticket cost $2. Players choose five numbers plus a sixth Powerball number. Players matching all six numbers can select an annuitized amount paid out over 29 years or a lump sum payment. For complete details, visit the Powerball website. The next drawing will be Wednesday, Nov. 28 at 10:59 p.m. Eastern Time. Have you purchased your Powerball ticket? If not, do you plan on …
How big a prize do you need before you decide to play the lottery?
Is a quarter of a billion dollars enough money for you to go out and buy lottery tickets? Powerball's estimated prize in tonight's drawing is $250 million. The cash prize option is "only" $166.8 million. But with the odds of getting a ticket with the winning numbers worse than 1 in 175 million, will you play the game? It costs $2 per ticket. The "Powerball multiplier" adds $1 to the ticket price, but could increase the size of any non-grand prize amount. Friday's MegaMillions jackpot is "only" $41 million. A portion of the ticket sales are used for education in Georgia, including the HOPE Scholarship. The Georgia Lottery for Education Act requires that proceeds be used to fund: With Black Friday and Cyber Monday coming up, will more people…