By Powerball Jackpot Grows
The Powerball jackpot is estimated to be over $520 million, and as of Wednesday night’s drawing, it was worth at least $317 million. In October, a winner of the lottery’s top prize claimed $700 million. In the same month, another winning ticket was sold in Wisconsin and California, worth $450 each. The last Powerball jackpot was more than $1.586 billion, split between three winners. The most recent Mega Millions drawing had a $244 million cash value.
The next drawing for the Powerball lottery will be held on Jan. 1, which will be the first drawing on New Year’s Day since 2021. The next time it is drawn, it will be the first drawing on New Year’t’s Day in two years. According to May Scheve Reardon, the powerball product group chair and executive director, the jackpot is guaranteed to grow at least five times more than the advertised sum.
The jackpot topped $758.7 million in January 2017. However, the Powerball has held 39 drawings without a winner. The largest jackpot in Powerball history was won by Mavis Wanczyk in Missouri in 2016. The winning ticket is $408.3 million, or $30 million a year over 29 years. The winner will have to choose how much they want to take out in payments. Those who do not wish to wait that long, can play the game on the lottery’s website.
The Powerball Jackpot Grows
The next drawing for the Powerball lottery will be held on Oct. 4; the prize is estimated at $610 million. This is the seventh largest jackpot in the game’s history. The cash option is worth $434.2 million. The winning ticket must be redeemed within five days to claim their prize. The winner of this lottery will receive their prize in cash or can opt to take it in installments over 29 years. The odds of winning the jackpot are one in 24.9, and the total estimated payout is $298 million.
The jackpot is expected to reach over $610 million in the next drawing. The Powerball draws occur every Monday, Wednesday and Saturday at 10:59 p.m. EST. There are 45 states where the game is legal, including D.C. and Puerto Rico. In addition to these, there are two $1 million tickets sold in Montana. These tickets cost $2 each. When purchased, Powerball tickets are valid for purchase in 45 states.
A winner can opt to take the cash option or opt for annuity payments. A winner of the lottery can choose between a cash option and an annuity. The cash option will cost approximately $296 million. The Powerball drawing on Jan. 1 will be the first New Year’s Day draw in two years. The powerball jackpot has grown to $575 million. With a single ticket, the winning ticket can either receive the entire prize immediately or be paid over 30 years.