The Powerball lottery jackpot has once again reached extraordinary heights, totaling an impressive $1.04 billion. This places it as one of the largest grand prizes in lottery history. Despite the recent drawing, no winner has emerged, resulting in a substantial increase for the next drawing.
A Chance at Massive Winnings
Scheduled for Monday night, the upcoming Powerball drawing offers a staggering cash value of $478.2 million. This makes it the fourth highest jackpot among the top 10 Powerball winnings, according to the lottery.
Recent Record-Breaking Jackpots
Previously, a colossal $1.08 billion jackpot was won on July 19. The fortunate individual had a single ticket from California that matched all five white balls and the red Powerball. In January, an even larger jackpot of $1.586 billion was won collectively by lucky players from California, Florida, and Tennessee.
Elusive Grand Prize Winners
Since the remarkable $1 billion-plus jackpot in July, there have been an astounding 32 consecutive Powerball drawings without a grand prize winner. However, in Saturday’s drawing, five tickets did match all five white balls, providing each with a $1 million prize. Additionally, two other tickets matched all five white balls and paid out $2 million each due to the ticket holders’ decision to pay an additional $1 for the multiplier feature.
Claiming the Jackpot
If a ticket manages to hit the $1.04 billion jackpot on Monday, the fortunate winner can choose between receiving the full amount as an annuity payment or opting for a one-time lump sum. It is important to note that both options are pretax amounts.
The Powerball Lottery
The Powerball is one of two multistate lotteries available in the United States. Priced at $2 per ticket, the Powerball is sold in 45 states, alongside Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.