Lottery Officials: Powerball Jackpot Rises to $485 Million

After Saturday’s Powerball drawing did not provide a jackpot winner, the jackpot for the Wednesday, Feb. 11, drawing has increased to $485 million, according to lottery officials.

The jackpot jumped from Saturday’s figure of $450 million annuity value to $485 million thanks to “brisk ticket sales” after Saturday’s drawing failed to produce a winner, the Pennsylvania Lottery said. Powerball and Power Play tickets were selling at a rate of about 2,300 tickets per-minute in the state of Pennsylvania, according to lottery officials.

The annuity value is $485 million, or a $327.7 million cash prize, according to the Pennsylvania Lottery. If won, the current Powerball jackpot would rank as the third-largest Powerball payout, lottery officials said.

The $485 million jackpot is the highest it has been in one nearly one year, after a ticket in California won $425.3 million on Feb. 19, 2014, the Pennsylvania Lottery said.

Tickets for the next Powerball drawing will be sold until 9:59 p.m. on Wednesday, Feb. 11.

For more information on the current Powerball jackpot, visit the Pennsylvania Lottery website.