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Powerball jumps to $550M after no winning tickets sold

07 January 2018, 10:02 | Darnell Patrick

Powerball jumps to $550M after no winning tickets sold

Powerball jumps to $550M after no winning tickets sold

The jackpot continues to roll over to an estimated $418 million after no ticket matched all six numbers: 1, 42, 47, 64, 70, plus the gold Mega Ball, 22.

The $550 million prize ranks as the sixth-largest all-time in Powerball jackpots.

The $550 million amount refers to the annuity payout option, in which the victor receives 30 payments over 29 years.

The jackpot has a cash value of more than $347 million, the estimated total if a victor selects one lump-sum payment rather than the other option of taking annual payments. The largest Mega Millions jackpot of $656 million was won in 2012.

It's not the only big lottery prize at stake.

Image Powerball
Powerball tickets Marcio Jose Sanchez AP

Lottery players hit the Powerball jackpot seven times a year ago.

A Powerball ticket costs $2. Anyone who is lucky enough to win the big prize will have the option for a cash payout of $291 million.

Drawings are held on Wednesday and Saturday.

Powerball is played in 44 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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