Powerball Jackpot Prize Reaches $1 Billion

Powerball ticket
Powerball ticket | Image by LPETTET/Getty Images

Another week passed by without a Powerball winner, bringing the prize to $1.09 billion as of Tuesday.

Monday night’s drawing produced no grand jackpot winners, however, prizes were still won as six players walked away millionaires after the drawing.

Tickets sold in Florida, Minnesota, North Carolina, Virginia, and Maryland were all one ball away from the jackpot prize, sending those ticketholders home with $1 million each. Additionally, 53 tickets won $50,000 prizes, and 11 tickets won $100,000 prizes.

The jackpot is now the fourth-largest Powerball jackpot and ninth-largest U.S. lottery jackpot, ranking right below the $1.128 billion Mega Millions jackpot that was won last Tuesday, Powerball said in a statement.

California has proved to be a hotspot for Powerball winners, as the top three highest jackpot prizes have all purchased their tickets in the state. The third-highest jackpot prize was shared among three winners in California, Florida, and Tennessee, who split the prize.

The Powerball jackpot was last won on New Year’s Day by a ticket buyer in Michigan. The prize was $842.4 million, as previously reported by The Dallas Express.

Monday night’s drawing was the 39th consecutive drawing in a row without a grand prize winner.

Should a Wednesday Powerball player break the unlucky streak, they will have the choice between an annuitized prize worth $1.09 billion, receiving one immediate payment followed by 29 annual payments, or a lump sum payment estimated at $527.3 million.

“For lotteries, this is our second consecutive week of being able to offer players an advertised jackpot over $1 billion,” said Drew Svitko, Powerball product group chair and Pennsylvania Lottery executive director. “If you’re thinking of buying a ticket for Wednesday’s Powerball drawing, please keep in mind it only takes one ticket to win, and a portion of your ticket sale will stay in your state to support good causes. Have fun and good luck!”

Powerball tickets are $2 per play, and drawings are broadcast live every Monday, Wednesday, and Saturday. The odds of winning a prize are 1 in 24.9, with the odds of winning the jackpot at 1 in 292.2 million.

Support our non-profit journalism

Submit a Comment

Your email address will not be published. Required fields are marked *

Continue reading on the app
Expand article