Powerball Jackpot Reaches $1 Billion

The jackpot for Powerball® has reached an estimated cash value of $516.8 million. Currently, the jackpot is estimated at $1 billion for the next drawing, making it the third time ever that the jackpot has reached the billion-dollar mark.

In 2016, the Powerball jackpot worth $1.586 billion was claimed, and last year, the Powerball jackpot reaching a world record amount of $2.04 billion was won, ranking it as the second largest Powerball jackpot and the seventh largest lottery jackpot in the United States.

“This has turned into a historic jackpot,” stated Drew Svitko, the Chair of the Powerball Product Group and Executive Director of the Pennsylvania Lottery. “In Powerball’s 31-year history, this is only the third time that a jackpot has reached the billion-dollar threshold.” Only one ticket can win this massive jackpot or any other cash prizes from Powerball. Your best resource for information on how to claim a prize is always the lottery. If you win the jackpot, make sure to put your ticket in a safe place and sign it. It’s important to note that during this exciting time, it is only the third time in Powerball’s history that the jackpot has reached this billion-dollar threshold. We would like to remind our players to play responsibly.”

The Power Play® multiplier was 4X. The red Powerball was 21, and the white balls that were selected were 5, 8, 9, 17, 41. None of the tickets matched all six numbers that were drawn, therefore the Powerball jackpot carried over to Monday night.

The Monday lottery resulted in over 2.8 million victorious tickets across the country, with players securing cash rewards of lesser value totaling $41.7 million altogether. Despite the fact that the grand prize was not won, lottery organizations are encouraging players to examine their tickets for any of the nine methods to win.

There were two tickets that won prizes of $200,000, and there were also 88 tickets that won prizes of $50,000. In addition to the option to play Powerball for an additional $1, the prize for matching all five white balls increased to $2 million and three tickets from Texas, Georgia, and Arkansas matched all five white balls. There were also five tickets from Pennsylvania, New York, Kentucky, Florida, and Connecticut that matched all five white balls to win a $1 million prize.

In the Powerball drawings held on Wednesday and Saturday, players have the option to add an additional Play Double ticket to their Powerball ticket. Play Double is an add-on feature that gives players in select jurisdictions another chance to match their Powerball numbers in a separate drawing, with a top cash prize of $10 million. Two tickets won prizes of $500,000 each in the Play Double drawing in Tennessee and Maryland.

The Powerball jackpot was last won in April 2023 when a ticket from Ohio matched all five white balls and the red Powerball, resulting in a grand prize worth a staggering $252.6 million. This marked the 38th consecutive drawing without a jackpot winner.

If a player wins the jackpot on Wednesday night, they will have the option to choose between a lump sum payment of an estimated $516.8 million or an annuitized prize worth an estimated $1 billion. Both prize options are subject to taxes, and the winner will receive an immediate payment followed by 29 annual payments, with each year seeing a 5% increase.

Powerball.Com streams live drawings of Powerball. The drawings are broadcasted live from the Lottery Florida studio in Tallahassee at 10:59 PM EST every Saturday and Wednesday. More than half of the proceeds from the sale of a Powerball ticket in the jurisdiction where the ticket was sold remain in that jurisdiction. Tickets are sold in 45 states, as well as the U.S. Virgin Islands, Puerto Rico, and the District of Columbia. Powerball tickets cost $2 per play.

The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.

Top 10 Powerball Prize Pools.

  • $2.04 Billion – November 7th, 2022 – California.
  • $1.586 Billion – January 13, 2016 – California, Florida, Tennessee.
  • Approximately one billion dollars – estimated to be achieved by July 19, 2023.