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Powerball jackpot at $64 million

August 24, 29006

When we notice something worthy about gaming outside the box from online gambling, we just have to let our online gambling fans out there know about it. Today, the Powerball jackpot is busting at the seams. If you live in an area that supports this massive lottery game, you may want to consider taking a shot at winning it. Yes, the odds of winning are horribly not in your favor – but someone’s got to win it. Their odds aren’t going to be that great either.

Last night’s drawing produced no winner again, so the estimated jackpot for Saturday’s drawing will be a whopping $64 million. Say you did win it this Saturday – if so, you could opt for the one time cash payment (after taxes) amount of about $29.4 million. Do you see where we are coming from? The biggest jackpot at any online gambling casino right now is over $4 million (we thought that was impressive) – but $64 million – wow that’s impressive, even after half of it goes to taxes.

Now, even though none of the Powerball players won the grand jackpot last night, almost 460,000 people won lesser cash amounts in the drawing that totaled more than $5,300,000 in total. Again, see where we are going with this? Even if the odds are against you, you have to see the attraction here.

Touted as America’s favorite lottery, it is unfortunately not available in all of America. So, if you have family or friends in states that do support this lottery and you don’t - you might want to give them a call. Some many Powerball players either make small trips to nearby participating states or enter pools. Some players are fanatical about this lottery (especially when it reaches this level of worth) and make their own trek to get dozens and dozens of tickets for themselves.

The next drawing is this Saturday, August 26, 2006. To win the massive grand jackpot, you must posses a Powerball ticket will all six lottery numbers that are drawn. There are 29 states in the US that offer access to this popular lottery as well as Washington, DC and the US Virgin Islands.

Last night’s numbers were 8 -17 – 24 – 38 - 51 and the Powerball number was 31. The Power Play multiplier was 5. The Multiplier is a wager you accept by purchasing an additional one dollar bet. It is known as the Power Play Option.

Any player of this lottery has the potential to make a lot of money even if they don’t make the additional bet. However, this last drawing produced thousands and thousands of players who increased their winnings 5 times over by doing so. The good thing about this lottery is that it produces so many lesser prize winners, making the odds a bit better to take.

Think of it this way, for the last drawing (it happens twice a week) over 20,100,000 tickets were sold and about 460,000 of them produced winnings from a few bucks to $200,000.

The lottery generates a staggering amount of revenue. More than $2.8 billion in Powerball tickets were sold for fiscal ’06. Approximately $800 million from the profits will go to the states that offer the lottery and their worthwhile needs such as education and more.

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