The Powerball jackpot has increased again to an eye-watering $2.3 billion – the world’s highest ever lottery prize – after there were no winning tickets for the latest draw.
Lottery officials announced the staggering new prize on Tuesday morning.
The most recent draw took place on Tuesday after Monday’s planned draw was delayed.
The numbers for the drawing held in Tallahassee, Florida, were: white balls 10, 33, 41, 47 and 56, and the red Powerball was 10.
The drama of the delayed draw, followed by news that nobody had secured the jackpot, sent social media into overdrive – with an avalanche of Powerball memes shared online.
Twitter was flooded with Powerball memes after the drama of the delay followed by news that nobody had won Tuesday’s draw – and the jackpot had increased to a staggering $2.3 billion
It’s not yet clear how many tickets were sold for the latest draw – but an estimated 280 million were sold for Saturday night’s draw, when the jackpot was $1.6billion.
By comparison, around 159 million people voted in the 2020 presidential election – about 63 percent of voting-age US residents.
That means millions more tickets are likely to be sold for Wednesday’s Powerball draw than votes cast in Tuesday’s midterms.
Monday night’s draw for the bumper prize was delayed after an unnamed state said it needed more time to process sales.
Officials carried out the draw on Tuesday morning and also said new calculations revealed the jackpot was around $100million more than the initial estimate of $1.9 billion.
But the lack of a winning ticket means the new prize is $2.3billion. The next draw takes place on Wednesday.
The draw on Tuesday which produced no winner was initially scheduled for Monday night, with millions of Americans eagerly awaiting the results.
But the deadline came and went without an announcement thanks to one of the 48 participating lotteries not submitting all of its ticket sales and play data to the Multi State Lottery Association.
Monday night’s draw was delayed until Tuesday morning but didn’t produce a winner
The jackpot has now increased to an eye-watering $2.3billion. The next draw is on Wednesday
The $2.3 billion prize is the largest prize in history by several hundred million dollars
There was initial confusion over whether the delay was caused by a glitch or a technical problem, with the California Lottery announcing on Twitter it was down to ‘security protocols’ not being followed.
The Multi State Lottery Association later clarified that it was down to one state simply not getting through its sales quickly enough to submit them for the result.
The association said it was against its policy to say which lottery had the delay.
‘Due to the length of the draw delay, it is likely that we will not know the official results of the Powerball drawing until Tuesday morning,’ the Association said on Monday night in a statement.
There was initial confusion caused by the California Lottery blaming the problem on a state not completing ‘security protocols’.
‘When the required security protocols are complete, the drawing will be performed under the supervision of lottery security officials and independent auditors,’ the tweet from the California Lottery continued.
‘Winning numbers will be posted as soon as they are available. Thank you for your patience.’
Monday’s prize hit $2 billion after there were no winning tickets in the draw on Saturday
Twitter users were keen to seize the opportunity to point out both the hilarious and ‘suspicious’ aspects of the delay late Monday evening.
‘Post which state THEY MUST BE SHAMED,’ said one person.
‘If the issue is that someone won and you guys just don’t have the money then say that it’s okay I promise,’ wrote another.
‘Ok well what if you just tell the rest of us what the numbers are and we all promise not to let that state find out,’ responded one Twitter user to the California lottery.
‘I’d guess Florida. They don’t want to admit it since that is where they do the drawing and it would be sketchy if they have a FL winner,’ another wrote.
Lines outside of stores in Sacramento, California, on Monday
In April, a Powerball drawing was delayed over four hours, also seemingly from a ‘glitch’ that required more time to meet the proper protocols, according to WJW.
Similarly, last summer, WCBD reported that a Powerball drawing was delayed to allow multiple lotteries extra time.
Monday’s prize was the largest since the 2016 $1.586 billion and had an estimated cash out value of $929.1 million.
The amount was raised after no one came forward with a winning ticket in Saturday’s $1.6 billion game.
The new jackpot of $2.3bn means the prize pot has increased by around $700million in just a few days.
There have now been more than 40 drawings without a winner, which has caused the prize to rack up to new heights.
To win the jackpot, a person must match all six numbers. The last time a win happened was on August 3 when one Pennsylvania resident won $206.9 million.
Powerball tickets are $2 per play and are sold in 48 states, the District of Columbia, Puerto Rico and the US Virgin Islands.
The odds of winning the jackpot are 1 in 292.2 million.
Winners can either opt to receive a series of payments over nearly three decades and receive close to the $2 billion promised, or cash out for a single payment that is significantly taxed.
If multiple people win, then the prize would have to be split.
Before the winner can walk away with a single payment of the prize money of about $929.1 million, a 24 percent federal tax withholding on gambling winnings will be applied.
This would immediately reduce that amount by $223 million for a single prize winner, who would take home $706 million, according to Forbes.
Then an additional $97 million will be pulled for the top federal marginal rate of 37 percent, which would lower the prize amount to $470 million.
For those opting to receive payments over about 29 years, they would expect to get $50 million per year. But the federal tax would reduce that amount annually to $31.5 million, Forbes reported.
Depending on the winner’s state, more money could be collected.
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