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Powerball jackpot increases again to $1.5B on strong sales

Julian Perez fills out a Powerball ticket, Jan

The Jakarta Post
Des Moines, Iowa
Wed, January 13, 2016

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Powerball jackpot increases again to $1.5B on strong sales Julian Perez fills out a Powerball ticket, Jan. 9, in Miami. Officials say it's increasingly likely that someone will win the $900 million Powerball jackpot, which grew by $100 million just hours before Saturday night's drawing. (AP/Lynne Sladky) (AP/Lynne Sladky)

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span class="inline inline-center">Julian Perez fills out a Powerball ticket, Jan. 9, in Miami. Officials say it's increasingly likely that someone will win the $900 million Powerball jackpot, which grew by $100 million just hours before Saturday night's drawing. (AP/Lynne Sladky)

The world's largest lottery jackpot has grown to $1.5 billion because of continuing strong Powerball ticket sales.

Lottery officials increased their estimate of the huge jackpot for the second day in a row Tuesday because of interest in the prize. The jackpot could grow more before Wednesday's drawing if ticket sales continue to exceed expectations.

Officials reassess the jackpot estimate daily. No one matched all six Powerball numbers Saturday.

The odds of matching all six numbers to win the jackpot are one in 292.2 million.

The $1.5 billion prize would be paid in annual payments over 29 years, or the winner could opt for a lump-sum payment of $930 million.

Whoever wins will have to pay 39.6 percent of the prize in federal income taxes, plus any state taxes. (kes)(+)

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