The Powerball jackpot now stands at an estimated $1.55 billion for the next drawing on Monday night. The jackpot has an estimated cash value of $679.8 million.
Monday’s estimated jackpot ranks as the third largest in the Powerball game and fourth largest among U.S. lottery jackpots.
The Powerball drawing on Saturday night produced more than 4.5 million winning tickets across the country, including ten tickets (CA, KS, LA, MA-2, MI, OH, TX-2, WI) that matched all five white balls to win $1 million prizes. Note: In California, prize payout amounts are pari-mutuel and determined by sales and the number of winners.
Two tickets, sold in Iowa and Maine, matched all five white balls and increased the $1 million prize to $2 million by including the Power Play® feature for an additional $1 per play. Other big wins include 85 tickets that won $50,000 prizes, and 27 tickets that won $150,000 prizes.
The upcoming drawing on Monday will be the 35th drawing in the jackpot run, and the first time in Powerball history that back-to-back jackpot cycles have generated billion-dollar grand prizes. The Powerball jackpot was previously won on July 19, when a ticket in California won a jackpot worth $1.08 billion.
If a player wins the jackpot on Monday night, they will have the choice between an annuitized prize worth an estimated $1.55 billion or a lump sum payment estimated at $679.8 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. EST from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live streamed on Powerball.com.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Top 10 Powerball Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.55 Billion (est.) – Oct. 9, 2023
- $1.08 Billion – July 19, 2023 – CA
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 – WA
- $731.1 Million – Jan. 20, 2021 – MD
- $699.8 Million – Oct. 4, 2021 – CA
- $687.8 Million – Oct. 27, 2018 – IA, NY