Sunday, 03 Nov 2024

Powerball jackpot for Saturday's drawing grows to $615 million -- the 10th largest prize in history


Powerball jackpot for Saturday's drawing grows to $615 million -- the 10th largest prize in history
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Feeling lucky? The potential prize for the massive Powerball jackpot just made history, lottery officials announced Friday.

A fortunate player could end up taking home $615 million in Saturday's drawing - the 10th-largest Powerball prize ever. The jackpot has a $310.6 million lump-sum cash value, according to a Powerball news release.

Game leaders upped the ante Friday after increasing the possible winnings from an estimated $590 million.

"The decision to raise the jackpot was the result of strong ticket sales and an increase in the interest rates used to fund the annuitized prize," a spokesperson for the Multi-State Lottery Association told CNN in an email.

There have been 33 consecutive drawings without a big winner.

The last time a lottery player matched all five white balls and the red Powerball was on April 19, when a winning ticket in Ohio earned a grand prize of $252.6 million.

The lucky winner of Saturday's jackpot could choose between the annuitized $615 million prize over 30 years or to take the lump-sum payment. Both prizes are before taxes, according to lottery officials.

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