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TagsBY BOB HOLT
NEWJERSEYNEWSROOM.COM
The January price hike of a Powerball ticket may pay incredible benefits to a lucky player on Wednesday.
Powerball is looking at a jackpot of $212 million for Wednesday, Aug. 8. Philly.com reports it is the third biggest prize of 2012, behind a $336.4 million pot won in Rhode Island in February, and $241 million going to Iowa in June.
The price of a Powerball ticket doubled to $2 in January, and interested observers expected to see potential jackpots of $500 million. Instead, they saw a prize of $656 million in the Mega Millions game create mass hysteria across the country in March.
Saturday, Aug. 1 marked the 12th straight time the Powerball drawing took place without a jackpot winner. Lottery Post reports the winning numbers were: 19, 30, 48, 53, and 55. The Powerball number was 18. Four players were able to match the first five numbers without the Powerball to win $1 million, none of them coming from New Jersey.
No one was able to win $2 million with the Power Play option. The lump sum value of Wednesday’s pot will be an estimated $142.9 million.
CLICK HERE FOR WINNING NUMBERS
The Multi-State Lottery Association said Powerball was designed for an average jackpot of $141 million before they raised its price. At the same time, the starting Powerball jackpots increased to $40 million, and the number of Powerballs dropped from 39 to 35.
That average jackpot is expected to increase to $255 million. “We wouldn’t be doing this if we didn’t think more money would be coming back to the states to help them with revenues during these tough economic times,” MSLA spokesman Terry Rich said, according to publicgaming.com.
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