CHILLICOTHE, Ohio — The Powerball® jackpot has surged to an astounding $1.73 billion, making it the second-largest prize in Powerball and U.S. lottery history. The jackpot comes with an estimated cash value of $756.6 million and trails only the record-shattering $2.04 billion Powerball prize claimed in California last year.
In the most recent drawing on Monday night, no ticket had the magic combination of white balls 16, 34, 46, 55, 67, and the red Powerball 14, with a Power Play® multiplier of 3X. As a result, over 3.7 million tickets won prizes nationwide. Notably, four tickets—sold in California, Indiana, Oregon, and Virginia—matched all five white balls, each bagging a $1 million reward. Due to California’s unique payout system, the exact prize might vary based on sales and winners.
In Florida, a lucky ticket holder not only matched all five white balls but also opted for the Power Play® feature, doubling their winnings to a cool $2 million. Additionally, 101 tickets took home $50,000 each, while 17 lucky winners pocketed $150,000.
The forthcoming Wednesday draw marks the 36th in this jackpot run. It’s an unprecedented moment in Powerball’s legacy, with back-to-back billion-dollar grand prizes. The last jackpot, totaling $1.08 billion, was won in California on July 19.
Winners have a pivotal decision to make: opt for an annuitized payout of an estimated $1.73 billion or a one-time lump sum of approximately $756.6 million (before taxes). Choosing annuity means the winner gets an immediate payment followed by 29 annual payments, each growing by 5%.
With tickets priced at $2 each, Powerball operates in 45 states, alongside the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. A significant portion of ticket sales stays within the state of purchase. Every Monday, Wednesday, and Saturday, enthusiasts can tune in to Powerball drawings at 10:59 p.m. EST, broadcasted live from Tallahassee, Florida. Live streaming is also available on the official Powerball website.
The odds? While one in 24.9 might win a prize, the chances of securing the jackpot stand at a slim one in 292.2 million.
Here are the Top 10 Powerball Jackpots:
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.73 Billion (est.) – Oct. 11, 2023
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $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