Powerball Drawing Of Winning Numbers For $1.5 Billion Powerball Jackpot Is At 10:59pm ET

Posted: Jan 13 2016, 8:39am CST | by , Updated: Jan 14 2016, 12:22am CST, in Latest Political News


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Powerball Drawing of Winning Numbers for $1.5 Billion Powerball Jackpot Is at 10:59pm ET
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The Powerball jackpot is now $1.5 billion with less than 24 hours time to buy a lottery ticket.

The record breaking PowerBall jackpot for the Wednesday, Jan. 13 drawing has reached $1.5 billion. Nobody had the winning numbers for the $949 million Powerball jackpot in the Saturday drawing.

The interest in biggest ever lottery jackpot in US history pulls in many more players. Even people that never play the lottery are getting tickets. Why? Despite the extreme low chance of winning, only a lottery ticket gives you a hint of a chance. If you don't play, than the chance of winning is absolutely zero. The cash option stands now at $930 million. There is still a good chance that the cash option value will cross the $1 billion mark today.

The winning numbers in the Wednesday 1/13/2016 Powerball drawing will be selected at 10:59pm ET.

Update: The Powerball Drawing took place and the winning numbers are released.

The $1.5 billion would be paid out via an annuity plan over 29 years. The cash option value is what the winner would get taking the money right away, before taxes are deducted. The annuity is guaranteed. So even if you die the lottery continues to pay. Many financial experts recommend taking the annuity plan for tax and long term investment advantages.

Most winners take though the cash option, because of the flexibility including losing it all in flash.

The latest winner story shows that it does not matter how many tickets you buy. Julie Leach won a $310.5 million jackpot with a $20. The odds are so bad that it does not really matter how many tickets you buy. The Powerball odds are 1 in 292,201,338.00 for the grand prize. To win $4 the odds are 1 in 38.32.

Powerball costs $2 for a single play for one drawing. To add the Power Play multiplier, it costs an additional $1 for each play. The next drawing will be on Saturday, January 9.

The Powerball lottery is available in 44 states, District of Columbia, the U.S. Virgin Islands and Puerto Rico.

Powerball publishes the winning numbers of Wednesday's Powerball Drawing on the Powerball site.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.




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