The Powerball jackpot has soared to an estimated $1.6 billion after no ticket matched all winning numbers on Saturday, setting up one of the largest lottery prizes in U.S. history for Monday's drawing.
The Powerball jackpot now stands at an estimated $1.6 billion, making it one of the largest lottery prizes in U.S. history and the fourth-largest in Powerball history. This massive sum comes after no ticket matched all six winning numbers (white balls 4, 5, 28, 52, 69 and red Powerball 20) in Saturday's drawing. The next drawing is scheduled for Monday, with the odds of winning at 1 in 292.2 million. The potential winner can choose between a lump-sum payment estimated at $735.3 million or an annuitized prize of $1.6 billion, both before taxes. The annuity option includes an immediate payment followed by 29 annual payments that increase by 5% each year. Powerball is available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands, with profits from ticket sales supporting public education and other state services. The largest U.S. jackpot ever was $2.04 billion in 2022.
