Powerball jackpot is world's largest at $1.3 billion

Monday, January 11, 2016

OMAHA, Neb. (AP) -- Disappointed you didn't win the Powerball jackpot this weekend? Don't be.

Lottery officials say the prize has now swelled to an estimated $1.3 billion -- the world's largest. Ever.

"Biggest jackpot in the history of the world. Absolutely confirmed," Texas Lottery executive director Gary Grief said.

The jackpot is so big that billboards in Texas and around the country have to advertise the price as $999 million because they're not built to show billions. The lottery computers will handle the decimal point without a problem.

No one matched all six Powerball numbers Saturday night, leading to the astronomical prize. And that is all but certain to grow before the next drawing Wednesday, according to lottery officials.

"We've never been at these levels," said Grief, whose state lottery is part of the Multi-State Lottery Association that runs Powerball.

The odds to win are one in 292.2 million. Seventy-five percent of all the possible combinations were purchased before Saturday's drawing, Grief said, and he expects that enough tickets will be sold to cover about 80 percent by Wednesday. About 95 percent of Powerball tickets have computer-generated numbers.

"I've been in the industry over 20 years, and I've seen jackpots hit when we hardly have any of the potential numbers covered -- like 5 percent of the possible combinations covered. And I've seen other jackpots when we've had 95 percent of the combinations covered and it rolls," Grief said.

The jackpot has ballooned since its Nov. 4 starting point of $40 million and spurred huge ticket sales.

For the full story, see Monday's edition of the Standard Democrat.

Respond to this story

Posting a comment requires free registration: