News

Actions

Powerball jackpot reaches $900 million

Posted at 11:17 AM, Jan 09, 2016
and last updated 2016-01-09 22:33:47-05

DES MOINES, Iowa (AP) -- The latest on Saturday's Powerball drawing (all times local):

10:10 a.m.

The Powerball jackpot has increased to $900 million just hours before the drawing.

By nightfall, the line snaked to the back of the 7-Eleven on Congress Avenue.

"We've already gone through a whole role of lotto paper just today and that normally lasts two to three weeks to a month maybe," said employee Brandon Ouellette. "It's crazy."

The jackpot could change your life forever.

"First I'm thinking [I'd] help all my family, my wife's family," said Oscar Ardoguein, of West Palm Beach.

Sandy Munoz, of West Palm Beach, said, "I wouldn't tell anybody that's for sure, I'd keep it very quiet."

I'm gonna buy the house I'm renting, I'm gonna give my kids my business and I'm gonna retire," said Bruce Weber, of West Palm Beach.

Ouellette, added about his dream, "If I had that kind of money, I would have the biggest house with the biggest bed and the biggest everything."

The drawing will be held at 10:59 p.m. EST Saturday.

Lottery officials say a winner would have the option of being paid $900 million through annual payments over 29 years or opting for a $558 million lump-sum cash payout.

Sales for the lottery game have skyrocketed since Wednesday, when no one won an estimated $500 million jackpot.

Officials say that if no one wins on Saturday, the next jackpot will be $1.3 billion.
   ------
   1 a.m.

With Powerball sales breaking records, the odds are growing that someone will win the $800 million jackpot.

But if no one matches all the numbers Saturday, the next drawing is expected to soar past $1 billion.

Officials with the Multi-State Lottery Association, which runs the Powerball game, expect about 65 percent of the possible number combinations to have been bought for Saturday night's drawing.

That percentage could rise if the jackpot estimate is increased before the drawing. But even lottery officials say they don't know what to expect.

Since Nov. 4, the Powerball jackpot has grown from its $40 million starting point as no one has won the jackpot.

AP-WF-01-09-16 1612GMT