Powerball Jackpot Reaches Estimated $478 Million For Saturday Night’s Drawing

By  //  July 30, 2016

fifth largest jackpot in POWERBALL history

Saurday night’s POWERBALL jackpot is an estimated $478 million. This POWERBALL jackpot is the fifth largest jackpot in POWERBALL history.

TALLAHASSEE, FLORIDA- Florida Lottery players now have a chance to win an estimated $478 million POWERBALL jackpot on Saturday’s drawing; this is the fifth largest jackpot in POWERBALL history.

In addition to the large POWERBALL jackpot prize, players have the opportunity to win lower-tier prizes from $4 to $2 million by matching any of the non-jackpot-winning combinations.

The POWERBALL jackpot has rolled 23 times since the May 11, 2016, drawing and has generated more than $38.5 million in contributions to the Educational Enhancement Trust Fund (EETF).

“We are proud of the momentous impact this series of jackpot rollovers is having on the Lottery’s ability to generate revenue for education,” said Secretary Tom Delacenserie.

Tom Delacenserie
Tom Delacenserie

“Jackpots like this one allow the Lottery to play a direct role in helping Florida’s students reach their greatest potential.”

As a reminder, players are encouraged to sign the back of their tickets at the time of purchase and keep them in a safe place. Players should also check their tickets carefully because even if they don’t win the jackpot, they can still win cash prizes of up $2 million.

Jackpot prizes are paid in 30 annual installments or as a one-time, lump-sum payment. Jackpot prizes must be claimed within 60 days after the draw to receive the cash option of an estimated $330.6 million. Winners have 180 days from the applicable drawing to claim their prize.

Purchase your tickets at any of the more than 13,000 authorized Lottery retailers for your chance to become Florida’s newest multi-millionaire. The Florida Lottery would like to remind all players to please play responsibly, as it only takes one ticket to win. As with all Lottery products, players must be 18 years of age or older to purchase POWERBALL tickets.

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The next POWERBALL drawing will be held Saturday, July 30, at 10:59 p.m. ET, tickets must be purchased by 10:00 p.m. ET to be eligible for this drawing.

National POWERBALL drawings are broadcast live, in high-definition, from the Florida Lottery’s state of the art draw studio in Tallahassee. Florida Lottery game drawings are broadcast on 17 carrier stations throughout the state.