The Powerball winning numbers and winners for March 12 are in. There was no grand prize winner, and the jackpot rolled from $60 million to $70 million. The winning numbers are as follows: 11, 28, 50, 57, 62, and the red Power Ball is 23. The Power Play multiplier is 2x. You can watch the video from the latest Powerball drawing as it occurred live in the video player below. In addition to there being no jackpot winner, there were no match 5 winners either with or without the Power Play multiplier. The next Powerball drawing takes place tonight, March 16, 2016, at 11 p.m. ET.
— California Lottery (@calottery) March 16, 2016
While there were no Powerball jackpot winners or match 5 winners, there 10 people who won the match 4 plus the Powerball for a prize of $50,000. Three winning tickets added the Power Play multiplier for a total of $100,000 each. Powerball tickets cost $2 per play, and the Power Play multiplier is an additional $1. The multiplier isn’t applicable for jackpot wins, and the match 5 wins are capped at $2 million. The Power Play multiplier is applicable to other wins, and those who match the Power Ball number always win a prize.
While Powerball is the nation’s most popular lottery jackpot game, it’s important to keep in mind that the game is a form of gambling and must be played in a fun and responsible manner. It isn’t uncommon for people to make risky wagers and buy enormous amounts of Powerball tickets when the jackpot rolls to hundreds of millions of dollars. This was commonly seen in the weeks leading up to the January 13, drawing where the jackpot rolled to an incredible $1.58 billion dollars.
Love this pic of 2 brothers who bought powerball tix on same day pic.twitter.com/oFUaeC1bhT
— Hoda Kotb (@hodakotb) March 7, 2016
Tonight’s Powerball drawing is for an estimated $70 million with a cash value of $45,200,000. This means that if there is a jackpot winner, they have the choice of taking the jackpot value in an annuity with yearly payouts or have a lump sum of the estimated cash value. There are different reasons why some will choose the annuity over the lump sum, and for some winners, their age may play a factor in their decision. Those who choose the annuity option have a built-in safety net that they won’t lose all their money. Statistics show that many lottery winners who take a lump sum are at risk of losing all their money within five years.
It’s important that those who play Powerball do so in a fun and responsible manner. Powerball tickets cost more than Mega Millions and have the option of adding the Power Play multiplier for an additional $1. Those who use the multiplier will pay $3 per ticket.
While many people tend to overspend on tickets as the jackpots increase, it is important to play Powerball with a clear, level head. You can best accomplish this by setting a predetermined budget according to your financial situation, the amount you allot regularly for entertainment and the amount of tickets you intend to purchase per draw. Those who play Powerball twice a week (Powerball drawings are held on Saturdays and Wednesdays at 11 p.m. ET) should create a budget and stick to it. Powerball is a fun game, but it is still a form of gambling. Never invest more in tickets than you can comfortably afford to lose, and resist the temptation to get caught up in Powerball fever when the jackpot climbs to astronomical heights.
— Mary Turner (@thesaleswhopper) February 7, 2016
Are you going to play Powerball tonight? Check back as we’ll have the live drawing video, winning numbers, and information on the winners tonight at 11 p.m. ET.
[Photo by Phil Spears/AP]