Published On: Sun, Jan 10th, 2016

Powerball jackpot breaches the 1 billion dollar mark

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Powerball Jackpot prize money shoots up to 1.3 billion US dollars after no winner for $949.8 million dollar jackpot

No ticket matched all six Powerball numbers following Saturday night’s drawing for a record jackpot of nearly $950 million, lottery officials said, boosting the expected payout for the next drawing to a whopping $1.3 billion.

The winning numbers — disclosed live on television and online — were 16-19-32-34-57 and the Powerball number 13. All six numbers must be correct to win, although the first five can be in any order. The odds to win the largest lottery prize in U.S. history were one in 292.2 million.

Officials with the Multi-State Lottery Association, which runs the Powerball game, said they expected about 75 percent of the possible number combinations would have been bought for Saturday night’s drawing.

According to the official Powerball site, the $1.3 billion jackpot would be worth $806 million if a single winner chose to take the windfall as a cash lump sum rather than over time as annuity payments. Saturday’s draw would have been worth $558 million in cash.

 Powerball jackpots start at $40 million and grow until the big prize is won. The current jackpot has been on since Nov. 7, after 18 drawings without a big winner.

The previous U.S. record jackpot was $656 million in a Mega Millions drawing in March 2012. The largest Powerball prize was a $590.5 million jackpot won by a Florida woman in May 2013. Powerball tickets are sold in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

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