Share

Powerball reaches a whopping $485m

Austin - Gamblers betting on the multi-state Powerball lottery this week could win one of the biggest jackpots in the game's history, as the total climbed to $485m on Tuesday, the Powerball website showed.

The third-largest jackpot in the game's history, at stake for Wednesday's drawing with a $327.7m cash payout, comes after nearly three months of no jackpot winners.

The last time someone won the jackpot was in the November 29 drawing for $90m, a Washington woman who bought her first-ever lottery tickets on a whim on Thanksgiving Day.

Powerball jackpots start at $40m and grow until at least one player comes up with the winning numbers at a twice-weekly draw. The next drawing will take place on Wednesday evening.

The jackpot winners receive either payments over 29 years or a smaller cash lump sum.

The biggest Powerball jackpot awarded by the Multi-State Lottery Association was $590.5m and went to the holder of a single winning ticket in 2013. The association also operates the Mega Millions jackpot, which awarded a top prize of $656m three years ago.

Game drawings for Powerball, played in 44 US states, the District of Columbia and the US Virgin Islands, are held on Wednesdays and Saturdays at 22:59 in Tallahassee, Florida.

Powerball sales reached nearly $5bn last year for game tickets that are sold through more than 210 000 lottery terminals. Each ticket costs $2. The odds of winning the Powerball jackpot are one in 175 million.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.15
-0.2%
Rand - Pound
23.81
-0.1%
Rand - Euro
20.47
-0.1%
Rand - Aus dollar
12.46
-0.5%
Rand - Yen
0.12
-0.2%
Platinum
920.60
+0.1%
Palladium
1,025.50
-0.1%
Gold
2,315.62
-0.3%
Silver
27.13
-0.6%
Brent Crude
88.42
+1.6%
Top 40
68,496
+0.7%
All Share
74,465
+0.6%
Resource 10
59,675
+0.1%
Industrial 25
104,165
+1.3%
Financial 15
15,914
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders