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US lottery jackpot jumps to $2.15 billion overnight

UPDATE: The world's biggest jackpot has risen a whopping AUD$534,246,450 with a surge of interest in Powerball.

That makes the total winning jackpot an astounding US$1.5 billion (AUD$2,153,424,645).

Previously the prize pool had been US$1.2 billion.

The jump in the advertised jackpot is based on sales projections, New York State Gaming Commission spokesman Lee Park told CNBC.

The jackpot equates to how much the winner would be given in annuitised payments over 29 years.

The cash prize, stands at AUD$1334.98million as of this morning.

The jackpot jump came as Australians were given the chance to take part in the competition.

Lottoland has been awarded a five-year licence by the Northern Territory Racing Commission to sell tickets in all states apart from South Australia.

The numbers will be drawn at 1.59pm today (10:59 pm Wednesday, Eastern Time).

To enter visit lottoland.com.au

 

What would you do with $2.1 billion?

This poll ended on 13 February 2016.

Current Results

Keep it all myself

17%

Give some away

61%

I couldn't spend $2.1 billion

21%

This is not a scientific poll. The results reflect only the opinions of those who chose to participate.

 

EARLIER: Australians are being given the chance to win the world's biggest jackpot.

For the first time, Aussie punters can enter the massive $2.1 billion ($US1.5 billion) United States Powerball jackpot.

Online gambling company Lottoland has been awarded a five-year licence by the Northern Territory Racing Commission to offer online betting services on the outcomes of state and international lotteries.

Lotto players from Australia (except South Australia) are now able to target the jackpot.

"It's quite incredible now to think Australian citizens through Lottoland can join in on the race to win a mega international lottery without having to leave the comfort of their own lounge room or office," Lottoland spokesman Luke Brill said.

Before the licence was awarded punters had been required to travel to the country of the lottery's origin to take part in the competition.
 

If an Australian does win the massive jackpot they will have to pay the same taxes as a US citizen.

Powerball draws five white balls out of a drum with 69 balls and one red ball out of a drum with 26 red balls.

The jackpot is won by matching all five white balls in any order and the red Powerball.

You have a higher chance of being struck by lightning than winning, with the odds of matching all the numbers about 1 in 292.2 million.

You can receive the money over 29 years or take the lump sum cash payment, but you'd have to pay the tax. 

The numbers will be drawn at 1.59pm Thurdsay (10:59 pm Wednesday, Eastern Time).

To enter visit lottoland.com.au

Topics:  billionaire editors picks lottery toowoomba


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