Powerball jackpot hits $1.6 billion | Fox Business

THE Jackpot Power Ball surged to about $1.6 billion before Monday night’s drawing, making it the fifth-largest prize in U.S. lottery history.

The pot grew after no tickets matched all six numbers in Saturday night’s drawing.

The white balls were 4, 5, 28, 52 and 69. The red Powerball was 20 and the Power Play multiplier was 3.

He now has an estimate redemption value of $735.3 million, according to the lottery.

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The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are 1 in 292.2 million.

Although there was no jackpot winner in the last drawing, eight tickets matched the five white balls, the lottery said. Winning Match 5 tickets were sold in California, Florida, Iowa, Massachusetts, Michigan (two), New Hampshire and Ohio.

Monday’s drawing – the fourth largest in Powerball history – will mark the 46th drawing of the current jackpot, which the lottery says is a gaming record for the most draws in a jackpot cycle.

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The Powerball jackpot was last won on September 6, when two tickets in Missouri and Texas shared a $1.787 billion prize.

The winner can choose between a lump sum payment estimated at $735.3 million or an annuity prize worth an estimated $1.6 billion. Both options are before taxes.

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If a winner opts for the prize as an annuity, they will receive an immediate payment followed by 29 annual payments that increase by 5% each year.

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Powerball tickets are sold in 45 states, Washington, DC, Puerto Rico, and the U.S. Virgin Islands. Drawings take place three evenings a week, Monday, Wednesday and Saturday.

The biggest American lottery jackpots:

1. $2.04 billion – Powerball; November 7, 2022 – California
2. $1.787 billion – Powerball; September 6, 2025 – Missouri, Texas
3. $1.765 billion – Powerball; October 11, 2023 – California
4. $1.602 billion – Mega Millions; August 8, 2023 – Florida
5. $1.6 billion – Powerball; December 22, 2025 (current price, estimated jackpot)
6. $1.586 billion – Powerball; January 13, 2016 – California, Florida, Tennessee
7. $1.537 billion – Mega Millions; October 23, 2018 – South Carolina
8. $1.348 billion – Mega Millions; January 13, 2023 – Maine
9. $1.337 billion – Mega Millions; July 29, 2022 – Illinois
10. $1.326 billion – Powerball; April 6, 2024 – Oregon