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New York - Powerball Players Eye Jackpot Estimated At $380 Million

Published on: February 7, 2015 08:00 PM
By: Reuters
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FILE - A customer buys tickets for the PowerBall lottery in New York, November 28, 2012. REUTERSFILE - A customer buys tickets for the PowerBall lottery in New York, November 28, 2012. REUTERS

New York - One of the richest Powerball jackpots ever offered is up for grabs on Saturday, with the multi-state lottery’s grand prize reaching an estimated $380 million after the previous drawing failed to produce a winner.

Powerball jackpots start at $40 million and grow until at least one player comes up with the winning number at a drawing.

The jackpot winners receive either payments over 29 years or a smaller cash lump sum. The cash option for the jackpot was about $257 million.

The biggest Powerball jackpot awarded by the Multi-State Lottery Association was $590.5 million and went to the holder of a single winning ticket in 2013. The association also operates the Mega Millions jackpot, which awarded a top prize of $656 million three years ago.

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Game drawings for Powerball, played in 44 U.S. states, the District of Columbia and the U.S. Virgin Islands, are held on Wednesdays and Saturdays at 10:59 p.m. in Tallahassee, Florida.

Powerball sales reached nearly $5 billion last year for game tickets that are sold through more than 210,000 lottery terminals. Each ticket costs $2.

The odds of winning the Powerball jackpot are one in 175 million.



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 Feb 07, 2015 at 08:29 PM Velvel Says:

380 in gematria means prosperous.

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