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Powerball Jackpot Soars to Estimated $700 million

MONEY
Posted at 1:01 PM, Jan 07, 2016
and last updated 2016-01-08 06:44:08-05

TALLAHASSEE, FL (WTXL) -- The Powerball jackpot keeps on rising and is now at the largest jackpot ever - an estimated $700 million for Saturday night’s drawing.

The excitement is growing tremendously statewide and across the nation for this historic jackpot on Saturday night,” said Florida Lottery Secretary Tom Delacenserie. “This POWERBALL jackpot is not only a life-changing opportunity for any person, but also it has allowed the Lottery to generate over $40 million in revenue for Florida students and schools.”

Best Time to Purchase Tickets

If you want a chance to be the next big winner, tickets must be purchased by 10:00 p.m. Eastern Time on Saturday to be eligible for this drawing, players are encouraged to purchase early to avoid long lines. Peak sales in Florida for Wednesday's drawing occurred between 6:00 – 7:00 p.m. when tickets were selling at a rate of more than 25,000 tickets per minute.

Wednesday's Winners

There were more than 591,000 winning tickets totaling more than $6.5 million in prizes. This included two $1 million winners in Fort Lauderdale and Dunedin.