SACRAMENTO (CBS SF) — California Lottery officials in Sacramento announced that Wednesday night’s Powerball jackpot had risen to an estimated $630 million hours ahead of the drawing.
Officials said the Powerball sequence began at $20 million nearly three months ago on Wednesday, October 6. The prize has rolled over 39 times so far, growing to the current jackpot. The prize stood at $540 million ahead of Monday night’s drawing.READ MORE: 'We Need To Turn Things Around' – 2021 San Francisco Crime Statistics Show Sharp Rise In Gun Violence
The advertised jackpot for Wednesday night started at $575 million and has been increased twice — the most recent to $630 million — due to high interest and strong sales across the country.
The new jackpot estimate has a cash value of $448.4 million (minus federal taxes) if a single winner were to choose the lump sum payment.
The prize is currently the 7th highest in Powerball history.READ MORE: San Francisco Supervisors Advance Resolution Apologizing To Chinese Community Over Past Atrocities
By coincidence, the last time the Powerball jackpot was hit last October from a winning ticket sold in Morro Bay. On that occasion, a single winner hit every single number on a quick pick for the October 4, 2021 draw. That $699.8 million jackpot set a Powerball prize record for California.
California’s sales for this entire Powerball sequence total million as of 10:00 a.m. today.
Ticket sales in California for this entire Powerball sequence total more than $158.1 million — more than 79 million Powerball tickets — as of 10 a.m. Wednesday, officials said. Those sales are estimated to raise over $63 million for education in the state.
Retailer partners where Lottery tickets are sold have also been winners during this Powerball sequence, officials said. Powerball ticket retailers have earned an estimated $9.3 million combined in ticket sales, cashing the associated winning tickets, and receiving incentive bonuses for selling tickets worth $1 million or more.MORE NEWS: UPDATE: 1 Arrested After CHP Officers Fired Upon During Highway 17 Chase in Scotts Valley; Driver Sought
If the jackpot is not hit Wednesday night, it will increase to at least an estimated $730 million for Saturday night’s drawing.