It is the biggest prize on offer in almost 3 years. The Powerball lottery is kicking off 2016 in style, with a jackpot which is to reach $700 million. The rollover jackpot has attracted the attention of millions who wish to start their 2016 in the kindest way possible, with a bucket load of cash.
Nobody scooped the prize on Saturday, which was estimated to be worth roughly $340 million. As such, the current prize of $400 million has become the largest cash prize available in the Powerball lotto since 2013. That year, a South Carolina resident pocketed a $339.4 million prize.
Later that same year, the largest ever Powerball lotto prize was paid out, as the jackpot hit an impressive a mind-boggling $590 million. In October, a handful of new rules were introduced into the lottery, which means that the prize fund starts at $40 million, and will keep on rising until somebody wins it.
Since the lottery first began in 1992, the average win has been worth around $53.5 million, and there have been over 342 jackpot. The total prize is worth $244.8 before taxes, and tickets cost $2 in total. Players in 44 US states can snap up the tickets to the Powerball lotto, as well as those players situated in Washington D.C. and the U.S. Virgin Islands.
The odds of success in the Powerball lotto are thought to be roughly 1 in 292.2 million, but as they always say, you have to be in it win it.
Should there prove to be a single ticket winner in this lotto, then they would instantly become one of the wealthiest people in the USA, and one of the largest lottery wins ever to hail from the country.