Tags: powerball | jackpot | 317m | saturday | drawing

Powerball Jackpot Up to $317M as Saturday Drawing Nears

By Morgan Chilson   |  

The Powerball Lottery is sure to create more mega-millionaires, and with a $317 million jackpot on the line Saturday the only question is when.

The latest multi-million prize comes just a month after three people split a $448.4 million pot.

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The lump-sum payout Saturday would be $176.3 million, and for those dreaming of winning, USA Mega breaks down the required tax payments for each state.

No matter how much is taken by the government for taxes, a single winner could end up with enough to win an island (Yawini Island in the South Pacific goes for just $6 million) or a castle — there's a renovated French castle with 20 rooms on the market for $1.4 million.

Big jackpots in the nine-digit range tend to pull in more players. The Arizona Lottery reported a record-breaking fiscal year in 2013 because of two huge Powerball lotteries, AZcentral.com reported.

Lottery revenue in Arizona hit $692.9 million, up 7.2 percent from 2012, the most in the lottery’s history. Lottery officials there said the big jackpots, along with new games, drew players.

Experts attribute an increasing population of retirees in the sunny state, who tend to have time and income to play the lottery, AZcentral reported.

While big jackpots may draw Powerball players out to buy tickets, they also can be a challenge for people with gambling addictions.

“The craziness comes out when the jackpot gets bigger,” an unidentified man in Gamblers Anonymous told CBS. “I’ve known people in my career in recovery who have relapsed just because of the lottery.”

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The Powerball Lottery is sure to create more mega-millionaires, and with a $317 million jackpot on the line Saturday the only question is when.
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