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Powerball skyrockets to record $600 million
KFDM News - You wouldn't have to work another day in your life unless you wanted to if you won tomorrow night's Powerball jackpot.
The jackpot has shot up to $600 million, according to the Texas Lottery Commission. That makes it the largest Powerball jackpot ever.
The cash value would be about $375 million. If no one wins on Saturday, the jackpot will skyrocket to $925 million for the Wednesday night drawing.
By the way, we took this video at the Dos Amigos store on Avenue C in Beaumont, where several people have won lottery jackpots in recent years.
(AUSTIN) – From Texas Lottery Commission
With Friday night's drawing for an estimated $190 million Mega Millions ® jackpot, and Saturday’s advertised $600 million Powerball® jackpot (rising to an estimated $925 million if there's no winner), lottery players across the country are playing for an unprecedented amount of cash this week. Tomorrow’s Powerball jackpot is the largest Powerball jackpot of all time and the second largest jackpot in U.S. history.
The cash value of tonight’s Mega Millions jackpot prize is $140.9 million and the cash value of tomorrow’s Powerball jackpot is $376.9 million.
Texas has had eight Mega Millions jackpot prize winners, the largest winner, William R. Kiefer of Katy, won $144 million in January 2010. In the past year, Powerball has created many millionaires in Texas with 30 lottery players winning second-tier prizes of $1 million and $2 million. Since joining the game in 2010, Texas has not had a Powerball jackpot prize winner.
Tonight’s Mega Millions jackpot started as a $12 million prize on March 15, and is the result of 18 draws without a jackpot winner. The Mega Millions game made history on March 30 of last year with an advertised $640 million jackpot, the largest jackpot in world history for any lottery game.
Mega Millions players win the jackpot by correctly matching five numbers from a field of 56, plus the Mega Ball number from a field of 46. The second-tier prize, awarded for matching all five numbers, but not the Mega Ball number is $250,000. Players can increase their second-tier prize to $1 million if they purchase the $1 add-on feature Megaplier with their ticket. Odds of winning the jackpot prize are one in 175,711,536, and overall odds of winning any prize are one in 40.
The current Powerball jackpot started as a $40 million prize on Apr. 3, and is the result of 12 draws without a jackpot winner.
Powerball is a multistate game sold in 45 jurisdictions. Powerball players win the jackpot by correctly matching five numbers from a field of 59, plus the Powerball number from a field of 35. The second-tier prize, awarded for matching all five numbers, but not the Powerball number is $1 million. Players can increase their second-tier prize to $2 million if they purchase the $1 add-on feature Power Play® with their ticket. Odds of winning the jackpot prize are one in 175,223,510, and overall odds of winning any prize are one in 32.
About the Texas Lottery
Beginning with the first ticket sold in 1992, the Texas Lottery has generated $21 billion in revenue for the state and distributed $40 billion in prizes to lottery players. Since 1997, the Texas Lottery has contributed $15 billion to the Foundation School Fund, which supports public education in Texas. As authorized by the Texas Legislature, certain Texas Lottery revenues benefit state programs including the Fund for Veterans’ Assistance.
The Texas Lottery provides several entertaining games for lottery players including Powerball, Mega Millions, Lotto Texas with Extra! ™, All or Nothing™, Texas Two Step®, Pick 3™, Daily 4™, Cash Five® and scratch-offs. For more information visit us on Facebook, Twitter, YouTube or at www.txlottery.org.