"The Powerball jackpot now stands at an estimated $1.6 billion, making it one of the largest lottery prizes in U.S. history, Powerball officials said Sunday. No ticket matched all six winning numbers on Saturday - white balls 4, 5, 28, 52, 69 and red Powerball 20. That sets up the fifth-largest U.S. jackpot ever for Monday's drawing, according to a news release from Powerball."
"The odds of winning Monday's jackpot, which is the fourth-largest in Powerball history, are 1 in 292.2 million, according to Powerball. The winner can opt for a lump-sum payment estimated at $735.3 million or an annuitized prize estimated at $1.6 billion. Both prize options are before taxes. The annuity option offers one immediate payment followed by 29 annual payments that increase by 5% each year, Powerball said."
The Powerball jackpot is estimated at $1.6 billion, making it one of the largest lottery prizes in U.S. history. No ticket matched all six winning numbers (white balls 4, 5, 28, 52, 69 and red Powerball 20), setting up the fifth-largest U.S. jackpot for the next drawing. The largest U.S. jackpot was $2.04 billion in 2022, with the winner taking a $997.6 million lump-sum. The odds of winning are 1 in 292.2 million. The winner can choose a $735.3 million lump-sum or a $1.6 billion annuity paid as one immediate payment and 29 annual payments increasing 5% yearly. Powerball operates in 45 states plus territories and is run by the Multi-State Lottery Association; ticket profits fund public education and other state services.
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