Powerball Jackpot Reaches $1.55bn for Monday Night Drawing
LISTEN TO THIS ARTICLE:The US Powerball lottery jackpot has soared to an astounding $1.55 billion (£1.27 billion) following yet another drawing where no player successfully matched all six numbers to claim the massive prize.
The winning numbers drawn on Saturday were: 47, 54, 57, 60, 65 and red Powerball 19.
Saturday marks the 34th consecutive drawing in which there would be no lucky ticket holder to claim the huge jackpot, trailing the record of 41 draws set in 2021 and 2022. The growing sum has also become the fourth-largest lottery jackpot in US history.
The $1.55 billion prize will be paid in full to a single winner through an annuity, with annual checks over 30 years or as a lump sum, which would be an estimated $679.8 million in Monday’s night drawing.
Powerball is played in 45 states, including Washington, D.C., Puerto Rico, and the US Virgin Islands. Players can either pick their own numbers or use a computer to make the selection.
As the Powerball jackpot amount increases, the odds of winning it remain the same: an astonishing 1 in 292.2 million. Even the likelihood of winning any prize is relatively small, at just 1 in 24.9.
Biggest Lottery Prizes
While the latest prize will certainly be one of the biggest jackpots in history, it still has a significant gap to close to surpass the all-time highest jackpot of $2.04 billion won by California resident Edwin Castro in November 2022.
Castro opted for the lump sum and took home $997.6 million. He faced a recent lawsuit from another individual who claimed to be the rightful owner of the winning ticket.
The second highest prize, $1.586 billion, was won in 2016 by Lisa Robinson from Tennessee, Maureen Smith and David Kaltschmidt from Florida, and Marvin and Mae Acosta from California. The three winners got $327.8 million each after deciding to go for the cash payment.
The third-largest jackpot was won a month ago in Florida with a MegaMillions ticket valued at $1.58 billion. However, as of mid-September, the lucky winner hasn’t come forward to claim the prize.
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