Powerball Jackpot soars to $1 billion after no winner in Monday’s drawing
The mammoth grand prize ranks as the seventh largest US lottery jackpot and third largest Powerball jackpot, behind the world record $2.04 billion Powerball jackpot won last year in California, and the $1.586 billion Powerball jackpot won in 2016, according to the lottery.
If a lucky winner nabs the jackpot in the next drawing Wednesday night, they will have the choice between an annuitized prize worth an estimated $1 billion or a lump sum payment estimated at $516.8 million, both before taxes, according to Powerball.
The Powerball jackpot rolled Monday night after no ticket matched all numbers drawn for the estimated $900 million grand prize – white balls 5, 8, 9, 17, 41 and red Powerball 21.
There have been 38 consecutive drawings without a jackpot winner since its April 19 drawing, when a ticket in Ohio matched all six numbers to win a grand prize worth $252.6 million.
While no one scored the grand prize Monday night, five tickets sold in Connecticut, Florida, Kentucky, New York and Pennsylvania matched all five white balls to win $1 million prizes.
Another three tickets, in Arkansas, Georgia and Texas, won $2 million by including the Power Play option for an additional $1 per play, according to Powerball.
The odds of winning the jackpot are 1 in 292.2 million, Powerball says on its website.
The Powerball isn’t the only massive lottery prize this week. The Mega Millions jackpot winnings grew to an estimated $640 million after there were no winners Friday, according to its website.
The next Mega Millions drawing will be Tuesday at 11 pm ET.