Powerball Jackpot Soars as Another Drawing Ends Without a Winner
Powerball jackpot for Wednesday estimated to be $725 million, seventh-largest ever.
The Powerball jackpot for Wednesday's drawing is anticipated to be the seventh-largest in the history of the game, with an estimated prize of $725 million. This comes after Monday's drawing, which had a top prize of $675 million, but no one matched all six numbers.
Although there were no jackpot winners on Monday, two people matched all five white ball numbers. One winner from California will receive $1 million, while another winner who added a Power Play to their ticket will earn $2 million.
In addition to the jackpot and the million-dollar prizes, Powerball also awarded $100,000 prizes to 12 ticket holders and $50,000 prizes to 28 others from Monday's drawing.
The Powerball jackpot has been steadily growing since a player in Ohio won $252 million on April 19. There have been two winning Powerball tickets sold in 2023, including a $162.6 million jackpot in Virginia on March 4 and a $754.6 million jackpot won by a player in Washington on February 6.
Since Powerball changed the odds of winning in 2015, the lottery has seen an average of six to nine jackpot winners per year. All of the game's ten largest jackpots have occurred since 2015, with the largest ever being a $2.04 billion prize won on November 7, 2022.
The $725 million jackpot amount is based on the winner choosing the annuity option, which would be paid out over 30 years. If the winner opts for the lump sum, the amount would be $366.2 million, both figures being before taxes. The odds of winning the Powerball jackpot are approximately 1 in 292 million.
Powerball also offers smaller prizes ranging from $4 to $2 million, with odds of winning a smaller prize being about 1 in 25. In the Monday drawing alone, 1.5 million people won a prize.
Powerball is available in 45 states and Washington, D.C. Another popular multi-state lottery, Mega Millions, will have its 14th-largest jackpot on Tuesday, with a prize of $480 million.
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