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April 16, 2021

U.S. Powerball jackpot grows to $478 million, fifth largest ever

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Image:  The winning Powerball numbers are shown after being drawn at the Florida Lottery studio in Tallahassee, Florida January 13, 2016. REUTERS/Philip Sears

(Reuters) – The multi-state Powerball jackpot grew to $478 million, the fifth largest in the game’s history and the eighth-biggest lottery prize ever in the United States, before an 11 p.m. EDT drawing on Saturday, officials said.

It will be the 24th drawing since a ticket won the jackpot, matching all six numbers, on May 7, Powerball officials said in a statement.

The Powerball game is based on lottery tickets sold for $2 apiece. It is played in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

If a single ticket wins, it will be worth the winner’s choice of $478 million spread over 30 years or $330.6 million in a lump-sum payment, before federal taxes.

Wednesday’s draw came about two and a half months after a $429.6 million winning Powerball ticket was sold in New Jersey, and two weeks after a $540 million Mega Millions lottery jackpot was clinched in Indiana.

The largest lottery prize offered in North America was a Powerball jackpot worth nearly $1.6 billion for winning tickets sold in California, Tennessee and Florida in January.

(Reporting by Brendan O’Brien in Milwaukee, editing by Larry King)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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