lakeelmoleader.com
lakeelmoleader.com January 19, 2018


After no winners, Powerball jackpot is at a hefty $550 million

08 January 2018, 03:37 | Kara Nash

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

The combined Powerball and the Mega Millions jackpots are the largest ever, at more than $1 billion.

It's the first time both the Powerball and Mega Millions drawings have simultaneously topped more than $400 million.

The next Mega Millions drawing is scheduled for 11 p.m. ET on Friday, and the next Powerball drawing is Saturday at 10:59 p.m. ET. The drawing will be held Friday night.

Net lottery revenues for 2017 were $9.7 billion, down $15 million from 2016, according to the New York State Lottery's independent audit. The cash option is worth an estimated $358.5 million. Powerball tickets may be purchased until 8:45 p.m. on Saturday.

The consortium of 44 states plus the Virgin Islands and the District of Columbia in October widened the odds for winning the big jackpot from 1 in 259 million to 1 in 303 million.

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I'm below average, in terms of purchases, spending about $50 a year on lottery tickets. Eastern Time. The drawing for the $445 million jackpot is Friday, Jan. 5. The website charges a transaction fee and in return, you will get a scan of your tickets before the draw.

In October, Mega Millions changed the numbers that players could choose from, bringing the odds of picking all six numbers to 1 in 302.6 million, from 1 in 258.9 million under the old format.

Or if you're one of those people who do better with percentages: You have a 0.0000000000000011 percent chance of winning both games.

Ticket sales still are soaring for the lotteries, officials said. In fact, the larger jackpots are just encouraging more sales. That's nearly $4 billion dollars in prize money. The current jackpot is the 12th largest prize.

The cash payout for the Powerball drawing would be $347.9 million.



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