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.

Read from: https://edition.cnn.com/2023/07/18/us/powerball-drawing-tuesday/index.html