Powerball Jackpot Continues to Grow – Now Over $1.5 Billion

powerball jacket

No one won the Jan. 9 Powerball jackpot in the United States, so the prize has now increased to a record $1.3 billion for the Jan. 13, 2016 drawing. bykst / Pixabay

After there were no winners in the Jan. 9, 2016 Powerball drawing, lottery officials estimate that the next Powerball jackpot has grown to a record $1.5 billion or more, and it has not finished increasing.  At the original $1.3 billion, it would amount to an estimated $806 million for a player who chooses to take the cash value payout, rather than receive payments.  The actual amount an individual is paid is reduced by Federal income taxes, as well as the income taxes in the state where they live.  Some states do not have an income tax; others do not charge state income tax on lottery winnings.

The winning numbers on Saturday, Jan. 9 were 16, 19, 32, 34, 57 and the Powerball of 13. The first five numbers could be drawn in any order, but the sixth number drawn is always the Powerball.

Although there was no winner of Saturday’s $900 million prize, there were still a number of happy players.  Twenty-five players won $1 million; three others won $2 million.  According to the Powerball website, there were a total of 18,315,365 winners of cash prizes, many of which were only a few dollars.  The winners shared $159,080,965 in prize money.

There is a 1 in 292.2 million chance that anyone will win the Powerball jackpot in any drawing.  Despite the odds against winning, lines are expected to be long over the next few days at stores around the country which sell Powerball tickets.

Some of the signs and billboards will only say the Powerball is worth $999 million.  That is because many of the electronic signs were not set up to reach $1000 million or $1 billion.  Now that is a problem!




Share with your friends

Follow Us

Enter your email address to get updated when we have new posts on the site and never miss a thing:

Delivered by FeedBurner

Leave a Reply

Your email address will not be published. Required fields are marked *