In a thrilling turn of events, Monday night’s Powerball drawing did not produce a jackpot winner, causing the prize money to surge even higher. The estimated jackpot has now reached a staggering $1 billion, with a cash option of $516.8 million. The next Powerball drawing is scheduled for Wednesday at 11 p.m. ET.
Initially, Monday’s jackpot stood at an impressive $900 million, making it the third-largest in Powerball history and the seventh-largest in the history of U.S. lotteries. Unfortunately, no one managed to match all six winning numbers.
The winning numbers for Monday’s drawing were 5, 8, 9, 17, 41, with the Powerball number being 21. The Power Play multiplier was 4x.
While the top prize remained unclaimed, three fortunate individuals from Arizona, Georgia, and Texas each matched all five white balls along with the Power Play, securing a $2 million reward. Additionally, five participants matched all five white balls, earning themselves a $1 million prize. Numerous players also won smaller amounts in various prize tiers.
It is important to keep in mind that the odds of winning the Powerball jackpot are incredibly slim, estimated at approximately 1 in 292.2 million. The overall odds of winning any Powerball prize, across all tiers, are about 1 in 24.9.
For those who wish to try their luck, Powerball tickets can be purchased for $2 per play. Participants must select five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red Powerball. Alternatively, random numbers can be generated. To claim the jackpot, players must match all five white balls and the red Powerball.
Apart from the grand prize, Powerball offers eight additional ways to win based on the number of matched balls in the non-jackpot tiers. Prizes in these tiers range from $4 to $1 million. By adding an extra $1, players can opt for the “Powerplay” feature, which multiplies non-jackpot winnings by 2, 3, 4, 5, or 10 times.
However, the 10X Powerplay option is applicable only for jackpots of $150 million or less. The game also features a “Double Play” add-on in some jurisdictions, providing players with an additional chance to match their numbers after each Powerball drawing.
The $1 billion jackpot is a significant milestone in lottery history, capturing the attention and imagination of hopeful participants across the country. As excitement builds, it is worth noting that the largest lottery prize to date stands at $2.04 billion, won in a Powerball drawing on November 7, 2022, in California.
The tweet below confirms the Wednesday’s Powerball Prize:
Wednesday’s Powerball jackpot is an estimated $1 billion, something that has only happened twice before in the history of the game, which began in 1992, lottery officials say. https://t.co/lz4kAiles3
— NBC News (@NBCNews) July 19, 2023
As Wednesday’s drawing approaches, lottery enthusiasts eagerly await the chance to seize the extraordinary jackpot. Updates on the outcome will be provided as soon as they become available.
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