Powerball jackpot for today sets recordPIERRE — High ticket sales for today’s Powerball drawing have prompted the group that oversees the game to raise the estimated jackpot to $325 million annuity.
By: News release, South Dakota Lottery
PIERRE — High ticket sales for today’s Powerball drawing have prompted the group that oversees the game to raise the estimated jackpot to $325 million annuity.
According to the Multi-State Lottery Association, the cash jackpot is at a record $202.9 million, the highest ever for Powerball.
If the jackpot is won in today’s drawing and the winner chooses the annuity option, the prize money will be paid out in 30 annual payments.
The cash option is paid in a one-time lump sum payment. The odds of winning the Powerball jackpot are 1:175,223,510. The biggest jackpot won to date in the game was a $365 million prize split by eight co-workers at a Nebraska meat-packing plant in February 2006.
This is the largest Powerball jackpot offered since the enhanced Powerball game was implemented Jan. 15. Among the changes in the enhanced game are better odds of winning, a second prize of $1 million (up from $200,000 previously), and an increase in the price per play, from $1 to $2.
The enhanced game also promoted more millionaires; 21 Powerball millionaires have been created nationwide since mid-January.