Powerball continues to rise with record-breaking $900M jackpot
[UPDATED Jan. 9, 2016 at 11:30 a.m. – Powerball rose from $800 million to $900 million since publication.]
Powerball lottery hit an estimated $900 million jackpot Saturday, Jan. 9, increasing the highest jackpot record in the history of the U.S. This jackpot has risen since Nov. 7, 2015 when it started with $40 million.
The highest record for lottery had been set by Mega Millions in March 2012 with $656 million and was won by participants in three states. For Powerball, it was a $590.5 million jackpot, which was won by a Floridian in May 2013.
The next winning numbers will be drawn Saturday, Jan. 9 at 10:59 p.m. If nobody has a ticket or tickets that match the numbers drawn from the machine, another drawing will take place on Wednesday, Jan. 13. According to the Powerball website, if there is a winner or winners, they will get to choose between receiving $496 million in cash, before taxes are deducted, or the full $900 million in an annuity that would pay out the money over 30 years.