The Powerball lottery has reached a historic milestone, with the estimated jackpot for Saturday night's drawing reaching an estimated $1.4 billion. This marks the first time in Powerball history that two back-to-back jackpots have reached the billion-dollar mark, and is the biggest jackpot in both Powerball and U.S. lottery history. There haven't been any Powerball grand prize winners since a single ticket sold in Los Angeles claimed a $1.08 billion pot of gold on July 19, leading to the estimated jackpot for Saturday night's drawing reaching an estimated $1.4 billion. Dreams are just that for ticket holders hoping to win the $1.2 billion Powerball jackpot, but with the jackpot reaching a historic milestone, the next winner could be just around the corner.
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Saturday night's Powerball draw ended without a winner, pushing the jackpot past the $1 billion mark. This marks the fourth-most-valuable Powerball jackpot and the 32nd consecutive drawing without a winner. There were also two $2 million, multiplier-enhanced tickets, and five $1 million tickets won in the draw. Powerball is a lottery game played in 44 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, with odds of winning the grand prize at 1 in 292.2 million.
The Powerball jackpot has risen to an estimated $785 million, with several players in Saturday's drawing winning big prizes. To win the jackpot, players must match all five white balls and the red Powerball. If you're lucky enough to win, experts recommend consulting a financial advisor and planning for taxes. Increase your chances of winning by purchasing multiple tickets or joining a lottery pool.
A lucky ticket holder in California has won the estimated $1 billion Powerball jackpot, with the winning numbers being 7, 10, 11, 13 and 24, with a Powerball of 24. This is the third time in the game's history that the jackpot has passed the estimated $1 billion mark, and the second time in eight months that a $1 billion Powerball ticket was sold in the Los Angeles area. The ticket holder or holders will get to pick either an estimated lump sum payment of $516.8 million or an annuity.
Lottery officials announced that no winning tickets were sold for Monday night's $922 million Powerball jackpot, resulting in an estimated $1 billion grand prize for Wednesday night's drawing. Three people won $2 million after matching all five numbers plus the Power Play, and the cash value for Wednesday night's pot of gold would be roughly $516.8 million. Ticket buyers have until 9:59 p.m. ET on Wednesday to purchase their tickets for the drawing.
This week's Powerball lottery is offering an estimated $900 million jackpot, with no winner in Saturday night's drawing. Three tickets matched all five white balls, however, and are eligible for $1 million prizes. Monday's drawing will offer a choice between an annuitized prize or a one-time lump sum before taxes, with odds of 1 in 292,201,338. It is the third biggest Powerball jackpot and the seventh largest in U.S. lottery history.
The California Lottery announced Tuesday that Edwin Castro was the sole winner of the record-breaking $2.04 billion Powerball jackpot. Joe Chahayed, the business owner who sold the winning ticket, was rewarded with a bonus of $1 million. The lottery said it will continue to support the state's public education system with the proceeds from the Powerball jackpot.
A lucky ticket holder in Washington state has won the fifth-largest Powerball jackpot in history, worth $754.6 million. More than 2 million tickets won cash prizes in the Saturday drawing, with four tickets matching five of the numbers and winning $1 million each. The winner of the jackpot has yet to be identified, but they will have the option to take the lump sum or an annuity of 30 payments over 29 years.