Powerball jackpot reaches $900 million - Spokane, North Idaho News & Weather KHQ.com

Powerball jackpot reaches $900 million

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If there's no winner Saturday night, the jackpot rolls to an estimated $1.3 billion. If there's no winner Saturday night, the jackpot rolls to an estimated $1.3 billion.
DES MOINES, Iowa -

The latest on Saturday's Powerball drawing (all times local):
    
10:45 a.m.
    
Powerball lottery officials are expecting more than $400 million in ticket sales on Saturday alone thanks to the jackpot soaring to $900 million.
    
Gary Grief, executive director of the Texas Lottery and president of the multistate Powerball Lottery, says officials tallied $352 million in ticket sales on Friday.
    
If there's no winner Saturday night, the jackpot rolls to an estimated $1.3 billion.
    
But Grief says the chances of no one hitting all five initial numbers and the Powerball number is growing slim because by the time sales close Saturday night, officials estimate around 75 percent of all possible combinations "will have been wagered on."
    
A ticket costs $2.

14 things that are more likely to happen than winning Powerball
    
___
    
10:10 a.m.
    
The Powerball jackpot has increased to $900 million just hours before the drawing.
    
The drawing will be held at 10:59 p.m. EST Saturday.
    
Lottery officials say a winner would have the option of being paid $900 million through annual payments over 29 years or opting for a $558 million lump-sum cash payout.
    
Sales for the lottery game have skyrocketed since Wednesday, when no one won an estimated $500 million jackpot.
    
Officials say that if no one wins on Saturday, the next jackpot will be $1.3 billion.
    
___
    
1 a.m.
    
With Powerball sales breaking records, the odds are growing that someone will win the $800 million jackpot.
    
But if no one matches all the numbers Saturday, the next drawing is expected to soar past $1 billion.
    
Officials with the Multi-State Lottery Association, which runs the Powerball game, expect about 65 percent of the possible number combinations to have been bought for Saturday night's drawing.
    
That percentage could rise if the jackpot estimate is increased before the drawing. But even lottery officials say they don't know what to expect.
    
Since Nov. 4, the Powerball jackpot has grown from its $40 million starting point as no one has won the jackpot.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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