Powerball Jackpot Climbs To $615M: Where The Money Goes In FL

FLORIDA — It’s been a while since Florida residents felt this kind of lottery fever as the estimated Powerball jackpot climbs to $615 million in Saturday’s drawing. The cash value of the prize after taxes is $310.6 million.

No one matched all six numbers drawn in Wednesday night’s drawing. They were 17, 24, 48, 62, 68 and the Powerball number, 23. The last time the jackpot was hit was with a winning ticket in Ohio worth $252.6 million on April 19.

The record $2,040,100,000 ticket sold for the Nov. 7 drawing isn’t too distant a memory to spark a rush to lottery ticket outlets ahead of Saturday’s drawing.

In Florida, sales of tickets cut off at 10 p.m. ET on Powerball drawing days. Drawings are held three times a week, at 10:59 p.m. EST on Mondays, Wednesdays and Saturday.

See where you can buy a Powerball ticket in Florida.

The 45 states (along with the District of Columbia, Puerto Rico and the U.S. Virgin Islands) that offer Powerball and other lotteries give a percentage of ticket sale revenue to various state funds, programs and causes.

In 2021, the Florida Lottery distributed $2.23 billion to the state's Education Enhancement Trust Fund, according to the North American Association of State and Provincial Lotteries.

Overall, the Florida Lottery contributed more than $44 billion to enhance education and send more than 950,000 students to college through the Bright Futures Scholarship Program to date, the agency said.

Winners may choose to receive their prize as an annuity paid in 30 graduated payments over 29 years, or they may take a cash payout, which is estimated at $304.8 million for Saturday’s game. Nearly all winners choose cash.

Florida is among the top-selling Powerball states in the country, with more than 113 million winning tickets totaling more than $3.5 billion in prizes, including 10 jackpot winners, the state lottery said.

The odds of winning are abysmal — about 1 in 292.2 million, no matter how many tickets are sold. Odds of winning any prize are better, 1 in 24.9.

If no one wins the jackpot in Saturday’s drawing, the estimated jackpot would become one of the 10 all-time largest Powerball jackpots, bumping the $590.5 million prize claimed in Florida in May 2013.

A Powerball ticket costs $2. For an additional $1 per ticket, players can multiply non-jackpot prizes by up to 10 times with the Power Play feature. One caveat: The 10X multiplier is only available when the advertised jackpot annuity is $150 million or less.

To win the jackpot, a player must match all white balls in any order and the red Powerball number. Lottery officials say chances are higher when players don’t choose their own numbers. About 75 percent of winning tickets over the years were picked by a computer.