Too Big Not to Mention: Powerball Jackpot Grows to $1.5 Billion

The Powerball® jackpot for the January 13 drawing was increased today to a world record $1.5 billion annuity value or a $930 million cash prize – thanks to continued ticket sales, a press release published by the Pennsylvania Lottery reads. The value of the jackpot has grown over the previous world record earlier this week, but it hasn’t stopped to soar, breaking its own record in just a few hours.

This jackpot has been rolling since the November 4, 2015, drawing. Since then, in Pennsylvania alone, Powerball has produced a total of more than 2.1 million winners of over $22 million in prizes, including one $2 million winner and three $1 million winners.

Pennsylvania Lottery Executive Director Drew Svitko noted that the jackpot run has been good for Powerball players and also the older Pennsylvanians who benefit from Lottery proceeds. Last year, the Pennsylvania Lottery generated over $1 billion to support benefit programs for older adults.

If Wednesday’s jackpot is won by a Pennsylvania player, it would become the state’s 20th multi-state jackpot win. The Pennsylvania Lottery has sold 17 jackpot-winning Powerball tickets and two jackpot-winning Mega Millions tickets. The largest Powerball prize Pennsylvania has ever awarded was a $110.2 million cash-value jackpot claimed by a New Jersey couple in May, 2004. The state’s largest Powerball group win was a $107.5 million cash jackpot shared by 48 transit workers in the Philadelphia area in April, 2012.

Powerball is sold in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Americans abroad can also participate in the draw, buying their tickets online, and non-US citizens in the United States can also claim the prize.

The Pennsylvania Lottery remains the only state lottery that designates all its proceeds to programs that benefit older residents. Since its inception in 1971, the Pennsylvania Lottery has contributed more than $25.8 billion to programs that include property tax and rent rebates; free transit and reduced-fare shared rides; the low-cost prescription drug programs PACE and PACENET; long-term living services; and the 52 Area Agencies on Aging, including full- and part-time senior centers throughout the state.

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