Tuesday, November 27, 2012

US$425,000,000: Biggest ever USA Powerball Jackpot


For the very first time ever in USA Powerball Jackpot history, the prize money has run up to a whopping US$425 million for the Wednesday, November 28, 2012 draw!

This record is only the second time in the history of US lottery, and even the whole world, that the jackpot has surpassed the $400 million mark. It has only been matched once before by competitor Mega Millions when its jackpot rose to a record level of $656 million on March 30, 2012.

This Powerball jackpot began at the level of $40 million on October 6, and since then no one has been able to win the jackpot, thus running up the stake to this remarkable amount.

The lump-sum payout for the Wednesday, November 28 draw is an astounding $278.3 million, the biggest amount ever offered by USA Powerball.  And based on ticket sales of previous weeks, this amount could run up to as much as half a billion as millions of people are expected to try their chances at claiming this historic jackpot prize.

In the beginning of this year, USA Powerball re-invented its playing mechanics and pricing structure which they claimed would lead to bigger jackpots and more winning players. It appears they were right about it as Powerball has given out jackpot prizes of over $300 million three times this year and has now even arrived at their record-breaking jackpot of $425 million.

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