Powerball Jackpot Jumps to $425 Million

Aug 06, 13 Powerball Jackpot Jumps to $425 Million

Aug. 6, 2013 – The Powerball jackpot has been rocketing into record territory in the past two weeks, swelling an incredible $100 million after nobody matched all six numbers Saturday night.

According to reports released today, the jackpot has now jumped another $25 million to sit at $425 million ahead of Wednesday night’s drawing.

It’s been 12 drawings since the last Powerball jackpot win – that $131.5 million prize was finally claimed last week by a Pennsylvania woman.

Strong sales since the jackpot passed $200 million, especially once it rose over $235 million at the end of July, have contributed to the quick climb of the estimated annuity prize.

While it’s not quite as impressive as the massive $590.5 million jackpot won May 18, by octogenarian Gloria C. Mackenzie, tomorrow’s $425 million jackpot is the fourth highest prize ever, with a cash value of $244.7 million before taxes.

Mackenzie’s record prize netted her a one-time, lump sum payment of $371 million, which totaled about $278 ¬†million after taxes – likely enough money for a few lifetimes!

Don’t wait for the jackpot to break the record, because with ticket sales reaching a frenzied pace, it’s not likely that the jackpot will survive many more rollovers.

Think the odds are too stacked against you? ¬†While there’s no way to change the fact that the odds of winning are in fact only 1 in 175 million, pooling your resources can have fantastic results.

Read this post on how to win some cash, and gather up friends, coworkers, and family members – maybe you’ll be celebrating a big win, and we’ll be celebrating you in our Winner’s World Wednesday showcase soon enough.

And once you’ve got your tickets ready to play, don’t forget that you can watch the drawings live in the palm of your hand with the free LotteryHUB app – now updated to V3.0 – for iOS and Android.

 

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Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013

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