Saturday night’s Powerball jackpot has now been raised to an estimated $325 million, making it the third largest jackpot ever offered for the game. However, the cash value of the jackpot - $202.9 million – is the largest ever offered in the history of Powerball.
The previous Powerball cash value record was $177.3 million. This record was set in 2006, when the overall jackpot was $365 million (still a record for Powerball).
The cash value of this jackpot is higher due to weakness in the bond market. “The overall jackpot amount is based on what we can earn on investing the cash option amount over a 30 year period,” said Kentucky Lottery President and CEO Arch Gleason. “Interest rates are very low right now, so it takes more cash value to generate the annual payments over 30 years. As a result, while the overall jackpot isn’t yet at a record level, the cash option for Saturday’s drawing far exceeds what we’ve ever been able to offer.”
In Kentucky, the largest Powerball jackpot ever won – $128.6 million – was for a ticket sold on Christmas Eve 2009 to a Georgetown man.
Players can purchase tickets for Saturday night’s drawing until 9:58 PM EST that evening. The odds of winning the top prize are one in 175,223,510.
Date: 2011-08-26
Donate to the Flight 5191 Memorial Fund.
Can mail donations to
Flight 5191 Memorial Fund
Bluegrass Community Foundation
250 West Main St. Suite 1220
Lexington, KY 40507 Visit Site
Date: 2011-02-21
Donate to the Special Olympics
Visit Site
Date: 2011-02-16
A Kentucky woman is trying to raise awareness of why simple head
injuries can be deadly for those on blood thinners. Visit Site
