Powerball Jackpot up to $85 million

Jul 29 2010 in Lottery News by Blaise

There was no winner in last night’s Powerball drawing.  Saturday’s jackpot is now estimated to be up to $85 million.  While that is quite a large number (yikes!), it is by now means unusual in the history of Powerball jackpots.  According to Powerball.com, this year’s winners have had the following jackpots:

Unknown
Ohio
June 2, 2010 Unknown $261,600,000 annuity
$134,917,238.27 cash
Chris Shaw
Missouri
April 21, 2010 Cash $258,500,000.00 annuity
$124,875,122.48 cash
Sandra Mcneil
New Jersey
March 13, 2010 Cash $211,700,000.00 annuity
$101,600,000.00 cash
Frank Griffin
North Carolina
February 6, 2010 Cash $141,400,000.00 annuity
$69,682,459.88 cash
Name Withheld
Arkansas
January 2, 2010 Cash $25,000,000.00 annuity
$12,153,621.78 cash

The average jackpot won was $179,640,000!  So the $85 million estimated jackpot for this Saturday is not that large by historical standards.  Given that the odds of winning are over 1 in 195,000,000, that really shouldn’t be a surprise.