It was close but no cigar for 123 players in Monday night’s $1.55 billion Powerball drawing, as the lottery game yielded no jackpot winner. However, those players did not walk away empty-handed.
Five players matched all five white ball numbers but failed to match the red Powerball number, earning a prize of $1 million each. One of the five winners added the Power Play feature for $1, doubling their earnings to $2 million. The winning tickets for these second-tier prizes were purchased in California, Indiana, Oregon, and Virginia, and the Power Play ticket was purchased in Florida. There were no million-dollar winners from Texas this time around.
Another 101 players won $50,000 each, and 17 Power Play participants won $150,000 each by matching four white-ball numbers and the red Powerball number.
The white-ball numbers drawn on Monday night were 16, 34, 46, 55, and 67, and the red Powerball number was 14. The Power Play multiplier was 3x.
Over 3.7 million players won prizes ranging from $4 to $2,000,000 in Monday’s game. The odds of winning a prize in the lottery game are 1 in 24.9.
Monday’s drawing was the 35th consecutive Powerball drawing without a jackpot winner. The last jackpot win was in July for $1.08 billion. The odds of winning the jackpot are 1 in 292.2 million.
The top prize for the upcoming Wednesday drawing is an estimated $1.73 billion (annuitized), making it the second-largest jackpot in Powerball and U.S. lottery history. A man in California won the record-setting $2.4 billion jackpot in November 2022.
The cash value for the next drawing is an estimated $756.6 million, or about 43% of the annuitized jackpot. Over the last two years, the value of the annuitized option has grown compared to the value of the cash option, thanks to rising interest rates.
“The cash value that people see is the amount that is required [for Powerball to have on hand] and that funds the annuitized jackpot,” Michigan Lottery spokesperson Jake Harris explained to MLive last year. “[The cash] value is driven entirely by sales, so the more tickets that are bought, the higher that value is going to go up.”
“With higher interest rates, that’s having a direct impact on the annuitized prize that people see. With the higher rates, you can take the cash value and fund an even larger annuitized prize compared to previous jackpot runs,” Harris said.
As interest rates have increased in recent months, the difference between the value of the annuitized option and the cash option has also increased.
