Skip to comments.Record $365 Million Powerball Jackpot Won in Nebraska
Posted on 02/19/2006 4:12:59 AM PST by dakine
POWERBALL, Feb. 19 /PRNewswire/ -- The record breaking $365 Million Powerball jackpot was won on a single ticket sold in Nebraska. The winner will now have to decide between the 29-year, 30-payment annuity, and the cash option worth $177.3 million. The winner will have 60 days after their ticket is validated to make that decision. ADVERTISEMENT
The numbers drawn Saturday night were 15 - 17 - 43 - 44 - 48 and the Powerball was 29. The Power Play multiplier was 4.
The Match 5 BONUS feature kicked in for this drawing, allowing an additional $19.6 million in cash to roll down and be split by all Match 5 winners. The special BONUS pool is in addition to the regular Match 5 prizes won on this draw. This gives each of the 42 Match 5 white ball winners an additional $467,142 cash bonus above the normal prize of $200,000 plus any Power Play winnings.
Thirty-nine players in Arizona, Connecticut, the District of Columbia, Iowa, Indiana, Kansas, Kentucky, Louisiana, Montana, New Mexico, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee and Wisconsin won a total of $667,142. Three additional Match 5 winners from Oregon, Pennsylvania, and Tennessee also played the PowerPlay option and multiplied their base Match 5 prize by four. These players won a total of $1,267,142 in cash for Saturday's Powerball drawing.
Two hundred sixty players matched 4 white ball numbers plus the Powerball and won $10,000. Nineteen additional players who won at this prize level also purchased the Power Play and had their $10,000 winnings multiplied by four to $40,000.
More than 368,000 winning Powerball players multiplied their prizes by four on Saturday. They did that by purchasing the Power Play option for the extra dollar. With Power Play you multiply your Powerball winnings from two to five times, except for the jackpot. At the beginning of each drawing a wheel is spun to select that night's multiplier.
Excluding the jackpot, 4,309,550 players across the nation won a total of $38.4 million in cash prizes for Saturday's Powerball drawing.
The jackpot for the Wednesday, February 22 drawing will be $15 million with a cash option of $7.3 million.
Players should carefully check their tickets after every draw. Even if there are no jackpot winners there are always tens of thousands of winners at other prize levels.
Players purchased more than $175.3 million in tickets (Powerball plus Power Play) between Wednesday and Saturday night. The lotteries sold more than $2 billion in Powerball tickets in FY05. That translates into more than $600 million for worthwhile state projects.
Powerball is now played in 28 states, the District of Columbia, and the U.S. Virgin Islands. For more information on Powerball, please visit our website at http://www.powerball.com
The more the lottery takes in,the more general tax revenue that can and will be spent elsewhere.
It does nothing to help education or reduce local taxes,just makes it easier to keep increasing the spending and along with it the local districts share keeps increasing.
"Seems I remember that the vast majority after they were paid and the money spent wished they would have never won."
Give me the prize money and I'll get back to you and let you know how it worked out. IOW, for $177M, I'll take that chance.
I know a guy who lost loads of money, and his marriage, by betting on the Packers against the Broncos.
In lottery, the payoff is equal to the odds of winning. You can bet $3 and win a million. I'll never miss the $3.
Sounds like a win-win situation to me...
From HER perspective, yes.
The cash option number is AFTER taxes...
Similar situation with the California Lottery...the money does indeed go to the skools, but the catch is that whatever amount is gleaned by the lottery is basically deducted from previously allocated tax funds. Net gain = zero.
That same education (it's for the chilluns) lie is told everywhere.
Hell, we don't even need to talk about the corruption in Baton Rouge!!!
It's the same here. Lottery money for education replaces money that used to come from the general fund. It is not nor never has been "in addition to".
It's nothing new but politicians are dishonest with the public and it cuts across political lines. It is also not a new thing that the public generally swallows all the B.S. that the politicians feed them.
I'm glad it was won in a red state.
Same in Louisiana. Passed lottery as a cure for educational troubles. Teachers never saw a cent.
"The cash option number is AFTER taxes..."
No it is not.
I'm in Nebraska too.....wasn't me either.
Oh well, back to work tomorrow.
Warren Buffet figured with a $365 million jackpot and 140 million or so combinations, he would just have his agents buy all 140 million combinations. He's from Nebraska, isn't he?
can get 9-12% on life settlements, a very safe investment. Se what it will do if 100,000 invested at birth for 10% and rolled over every 5 years until age 45.
Discovery had a program on recently about lottery winners. One guy was homeless and won the lottery..was very moving and although he has all that money, he lives in a very modest home and did not go crazy with the money. Two sisters were lottery winners. The bought nice homes next to each other. Built only one pool and the entire family uses it. They were very happy and content with their winnings and had no problems. Another guy with a long pony tail traveled all over the world buying the most god awful gaudy stuff but he was a happy camper and loved his gaudy home, elephant tusks, gold piano, etc. lol I would love to see a series on lottery winners and find out what happened to them after they won.
In a lottery I voluntarilly give my money away or not. In taxes, it is confiscatory. Seems like a no brainer which one is preferred.
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