Still no winners in Powerball as jackpot increases to $550 million

Katrina Barker
January 7, 2018

The combined Powerball, Mega Millions jackpots now surpass $1 billion.

Meanwhile, the jackpot for the Mega Millions lottery has climbed to an estimated $418 million, the fourth-largest in the game's history, after no tickets matched all six numbers during Tuesday's grand prize drawing, lottery officials said.

The $550 million amount refers to the annuity payout option, in which the victor receives 30 payments over 29 years. They chose the cash option of $119,492,684.81 and received a check for $83,644,879 after federal and state taxes were deduced.

One lucky Florida player matched the first five white balls, worth $1 million, while another player won $2 million with a Powerplay ticket.

The new jackpot, which could go off on Saturday (Sunday NZT), would be the eighth largest lottery prize ever in the US. It's the biggest prize won by a single ticket in the United States.

No one has hit the Powerball jackpot since October 25, when a player in Louisiana won a $191 million jackpot, the game said.

A Powerball ticket costs $2. One sold in OH is a $1 million victor, while the other sold in Florida is worth $4 million because it included the optional Megaplier. Players have roughly a 1 in 11,688,053 chance to win the second prize of at least $1 million.

Other reports by AllAboutTopnews

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