OKLAHOMA CITY (Jan. 11, 2016) - The Powerball jackpot for Wednesday night’s drawing has reached $1.4 billion, which is a new world record for any lottery jackpot game in history! The estimated cash value of the jackpot is $868 million.
"There is a tremendous amount of excitement about this jackpot and by drawing time Wednesday night, the jackpot may be even higher. We want to encourage everyone to play responsibly", said Rollo Redburn, Executive Director of the Oklahoma Lottery. "It only takes one ticket to win and every ticket purchased has the same chance as each of the other tickets. Being part of this historic jackpot run can be exciting, and in Oklahoma, all the profits we make from our games go to support Oklahoma education programs. Remember that the odds of winning the jackpot are 292 million to one, so treat this as entertainment and not an investment."
Players have until 8:59 p.m. on Wednesday to purchase tickets for the next Powerball drawing. Powerball drawings are held on Wednesdays and Saturdays at 9:59 p.m.
With the Powerball jackpot at $1.4 billion, the Oklahoma Lottery is encouraging everyone to play responsibly.
Net proceeds of all Lottery games are used to support improvements and enhancements for Oklahoma education. More than $706 million has been contributed to education since November 2005 with funds appropriated by the State Legislature to pay debt service on a higher education capital bond issue; to pay support salaries for public schools and for equipment, scholarships and other purposes at our career and technology education institutions.