Feature

The record $500 million Powerball jackpot: By the numbers

With the payout crossing the half-billion-dollar mark, even America's most skeptical citizens are lining up for tickets

The Powerball jackpot has reached a record $500 million, causing people in 42 states to flock to their nearest convenience stores to snatch up what could be the winning ticket. Of course, the odds only grow more daunting the larger the pot grows, but that hasn't stopped the dreaming droves across the country who are already indulging in intensely satisfying fantasies of house-buying and job-quitting. And the massive haul is sure to rise before Wednesday night's drawing, as more people throw their hard-earned money into the pot. Here, a numerical guide to the contest:

$2
Price of a ticket

6
Numbers that must be matched — five whites and one red — to win the jackpot. (Five what balls are drawn from a drum of 59, and one red is drawn from a drum of 35.)

1 in 176 million
Odds of winning the jackpot

1 in 5,000
Odds of being struck by lightning

$327 million
Immediate lump-sum payout option, before taxes, if you win the jackpot

25
Percent the federal government keeps in taxes

5 to 7
Percent of the jackpot held by most states in taxes

29
Years winners have to wait to receive the entire jackpot under an annual payment plan

$365 million
Previous largest Powerball jackpot, in 2006

$656 million
Largest Mega Millions jackpot, won earlier this year

1 in 32
Odds of winning any prize in Powerball

$1,000,000
Second-prize jackpot

5
Number of matching whites needed to win second prize 

$3.96 billion
Total Powerball sales in fiscal 2012

$5 billion
Expected Powerball sales in fiscal 2013

Sources: The Associated PressCBS, Powerball, The Wall Street Journal

Recommended

Returning the Crown Jewels
Queen Elizabeth.
Briefing

Returning the Crown Jewels

10 things you need to know today: September 27, 2022
A woman casts her ballot in Mariupol
Daily briefing

10 things you need to know today: September 27, 2022

What happened at the 77th UN General Assembly?
The United Nations.
Briefing

What happened at the 77th UN General Assembly?

17 killed, dozens wounded in school shooting in Russia
Worried parents at School No. 88 in Izhevsk, Russia.
mass shootings

17 killed, dozens wounded in school shooting in Russia

Most Popular

7 toons about DeSantis and Abbott's migrant relocation
Political Cartoon.
Feature

7 toons about DeSantis and Abbott's migrant relocation

New Pacific island forms after underwater volcano erupts
Home Reef Erupts
Speed Reads

New Pacific island forms after underwater volcano erupts

Arizona judge bans abortion statewide by reinstating 1864 law
Pro-choice rally in Tucson
Abortion Fights

Arizona judge bans abortion statewide by reinstating 1864 law