With no winners this Monday, the jackpot Powerball It exceeded one billion dollars, a figure that makes it the fourth largest in the history of this lottery and the largest so far this year.
Specific, The jackpot is now estimated at $1.09 billion which will be drawn on Wednesday night. The jackpot has an estimated cash value of $527.3 million.
The prize ranks as the fourth largest prize in Powerball and the ninth biggest prize in the United States lottery, ranking one spot below $1.128 million Mega Millions jackpot won in New Jersey last Tuesday.
“For lotteries, this is our second week in a row that we are able to offer players an announced jackpot of more than $1 billion,” he said. Drew Svitkopresident of the Powerball product group and CEO of the Pennsylvania Lottery.
“If you’re thinking about purchasing a ticket for Wednesday’s Powerball drawing, keep in mind that only one ticket is needed to win and a portion of your ticket sales will stay in your state to support good causes. “Have fun and good luck!” added the executive.
Even though there was no jackpot winner, more than 2.1 million tickets won cash prizes in last night’s Powerball drawing. Six tickets matched all five white balls and won prizes of $1 million.
The $1 million winning tickets were sold in Florida, Maryland (2), Minnesota, North Carolina and Virginia. Nationally, there were also 53 tickets that won prizes of $50,000 and 11 tickets that won prizes of $100,000.
The Powerball jackpot was last won on January 1, 2024, with a ticket in Michigan valued at $842.4 million. Since then, there have been 39 drawings in a row without a jackpot winner. Wednesday’s drawing will be the 40th drawing in the jackpot race.
If a player wins the jackpot in Wednesday’s drawing, they will have the option to choose between an annualized prize worth an estimated $1.09 billion or a lump sum payout estimated at $527.3 million. Both prize options are before taxes. If the winner selects the annuity option, he or she will receive an immediate payment followed by 29 annual payments that increase 5 percent each year.
Powerball tickets cost $2 per play and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. More than half of all revenue from the sale of a Powerball ticket remains in the jurisdiction where the ticket was sold. Powerball drawings are broadcast live every Monday, Wednesday and Saturday from the Florida Lottery drawing studio in Tallahassee, and on Powerball.com.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
The 10 Powerball jackpots
$2.04 billion – November 7, 2022 – CA
$1,765 billion – October 11, 2023 – CA
$1,586 billion – January 13, 2016 – CA, FL, TN
$1.09 billion estimated – April 3, 2024
$1.08 billion – July 19, 2023 – CA
$842.4 million – January 1, 2024 – MI
$768.4 million – March 27, 2019 – WI
$758.7 million – August 23, 2017 – MA
$754.6 million – February 6, 2023 – WA
$731.1 million – January 20, 2021 – MD
