A billion‑dollar jackpot remains on the table as Powerball prepares for its next drawing.
Jackpot Details
The estimated $1.1 billion grand prize will be drawn on Monday at 10:59 p.m. Eastern Time and will be streamed live on Powerball.com. A winner can choose a 30‑year annuity that would pay out the full $1.1 billion over time, or a lump‑sum cash option of approximately $503.4 million before taxes.
History of the $1B Mark
This is the second time this year that the jackpot has hit the $1 billion threshold, and only the seventh time in Powerball history. In early September, a $1.787 billion prize was split between winning tickets in Missouri and Texas.
The 43rd Straight Draw
Since that September win, 43 consecutive drawings have taken place without a jackpot winner, setting a new record for the longest streak in a single jackpot cycle. The previous record stood at 42 drawings.
Prizes from the Last Drawing
Although no jackpot was awarded last Saturday, several large prizes were still won. Five tickets matched all five white balls and earned $1 million each in California, Florida, Michigan, New Jersey and Virginia. Two tickets that matched all five white balls and selected the “Power Play” option received $2 million each in North Carolina and Pennsylvania.
Powerball Basics
Powerball is sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Tickets cost $2 each, and adding the “Power Play” option increases the price by $1. The option can multiply winnings by two, three, four, five or ten times.
Drawings occur three times a week—on Monday, Wednesday and Saturday. The odds of winning the jackpot are 1 in 292.2 million.
Legal Note from Attorney
Attorney Andrew Stoltmann notes that some of the most intense legal disputes over the lottery arise from office lotto pools that go wrong. He says it is important to understand the rules before buying in.
Odds and Records
The largest jackpot ever paid by Powerball was $2.04 billion, awarded in 2022 to a ticket sold in California.
Key Takeaways
- The $1.1 billion jackpot will be drawn Monday at 10:59 p.m. ET.
- A winner can choose a 30‑year annuity or a $503.4 million lump‑sum cash option.
- 43 consecutive drawings have taken place without a jackpot winner, breaking the previous record.
Fans and players alike are watching closely as the next drawing approaches, hoping to see the long‑awaited jackpot finally claimed.
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