The US Powerball jackpot you could win if you purchase your tickets in time for the draw on Wednesday, August 16th, is an incredible $430 million. If you’re paying attention, the jackpot on offer in the previous draw was just $356 million. That means the guaranteed jackpot jumped by $74 million! The Powerball Snowball Effect is active. As a result, the jackpot is growing faster and faster from draw to draw.
This past weekend was full of lottery excitement, especially for those with US Mega Millions tickets. One lucky ticket, purchased in Illinois, entitled its owner to a grand prize of $393 million. That constituted the fifth largest Mega Millions jackpot ever awarded. It was also the second largest Mega Millions jackpot ever awarded to a single player.
As for the Powerball, no one has won the jackpot since June 10th, when one lucky ticket holder from California scooped up a humongous $447,800,000 grand prize. The jackpot went into the record books as the 10th largest lottery jackpot ever awarded. Also, the fourth largest ever won by a single ticket!
Following the fall of the Mega Millions jackpot, Powerball now offers the largest lottery jackpot prize in the world. The next jump in the guaranteed prize will be huge if no one wins it this time!
Powerball Snowball Effect Is Picking Up Speed
Let’s take a look at how quickly the Powerball’s jackpot is climbing. After the Powerball jackpot is won, the starting guaranteed jackpot in the next draw is a respectable $40 million. As the jackpot grows, it attracts more and more players. Increased ticket sales leads to bigger jackpots, which in turn leads to additional sales.
The Powerball jackpot’s exponential growth is impossible to calculate in advance. Lottery enthusiasts are confident that the current Powerball snowball effect will soon lead the lottery to break its own world record and offer a jackpot of more than $1.58 billion.
In the Powerball draw on July 22nd, the guaranteed jackpot was $220 million. In the following draw, Powerball offered a jackpot guaranteed at $239 million, a modest hike of $19 million. On July 29th, the jackpot was already up to $261 million. In the first draw of August 2017, the guaranteed prize jumped to $286 million.
The Powerball offered a jackpot of more than $300 million for the first time in this rollover series in the draw on August 5th. The guaranteed jackpot on August 9th surged to $356 million and now, as stated above, you could win $430 million if your numbers come up in the draw on August 16th. Buy your tickets to make that happen!