Saturday, March 23, 2013

Tonight's $320 Million Powerball Payout Options

No one won Wednesday night's (March 20, 2013) POWERBALL jackpot, so the estimate for the Saturday, March 23, 2013 jackpot rose to $320 million ($198.3 million cash value).
When is Saturday night's Powerball drawing? The Powerball drawing will take place at 10:59 p.m. Eastern Time  /  9:59 p.m. Central Time  /  7:59 p.m. Pacific Time.
The most recent Powerball winning numbers can be viewed here

On Wednesday, there were no power play winners who matched 5 of 5 numbers for $2 million.  There were winners from 3 states who matched 5 of 5 numbers to win $1 million.  Those winners were from Florida, Kentucky, and Ohio.
The overall odds of winning the Powerball jackpot are 1 in 175,223,510.  

Powerball Payout Options
POWERBALL jackpot prizes are paid in 30 annual installments of the estimated $320 million or as a one-time, lump-sum payment of an estimated $198.3 million cash payout

Jackpot prizes must be claimed within the first 60 days after the winning draw to receive the cash option of $198.3 million. 

Winners have 180 days from the applicable drawing to claim their prize.

Powerball In Florida 
Since POWERBALL launched in Florida in January 2009, Florida has had the strongest POWERBALL and Power Play sales of any U.S. lottery, exceeding more than $1.8 billion and yielding $756 million in education funding to date.  Additionally, the Florida Lottery has had the most winners in the nation, winning more than $719 million in prizes, including five jackpot winners.