Powerball jackpot up to $435M, 10th largest in US history

The $435 million grand prize for Saturday night's multi-state Powerball drawing is the tenth largest jackpot of any USA lottery. If there is no jackpot victor, the amount grows even larger for the next drawing.

The Virginia Lottery expects to sell about $3 million worth of Powerball tickets for the drawing before sales end at 10 p.m. Saturday. That money was split between winners in California, Florida and Tennessee. The largest jackpot recorded was $1.58 billion on January 13, 2016. The Powerball prize also climbed above $400 million in May, July and November of previous year, in addition to the $435 prize in February.

The odds of winning Saturday's drawing were only one in 292.2 million.

Of course, the size of those jackpots are inflated. A Powerball official said in a statement that based on a victor choosing an annuity, which pays off over 29 years, the cash prize would be $279.1 million.


If you choose the cash payment, the taxes are immediately taken out and you're given the remainder of your winnings in a lump sum.

Powerball and Mega Millions are now available in 44 states.

Although a New Yorker didn't win that historic prize, people in the Empire State benefit the most from lottery tickets than any other state, according to data from the Ohio-based North American Association of State and Provincial Lotteries. That's more than they spent on music, movies, books, video games and sports tickets, combined.

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