Powerball jackpot rises to estimated $1.3 billion for Wednesday after no tickets won Monday’s $1.2 billion pot of gold
MGN
Powerball’s jackpot will be at least an estimated $1.3 billion for the next drawing on Wednesday night after no tickets sold for Monday’s drawing came up winners. The cash value of Wednesday’s pot of gold will be roughly $589 million.
The winning numbers for Powerball’s estimated $1.2 billion Monday night jackpot — the game’s fifth-largest ever at the time — were 8, 23, 25, 40, 53 with a Powerball of 5.
Wednesday’s grand prize is now the one in the No. 5 spot and could well be in fourth place by the time Wednesday’s balls come up: Jackpots rise as more and more tickets are sold as drawings approach and the current holder of fourth place is a $1.326 billion jackpot won in Oregon in April 2024.
That one was captured after a record 42 straight Powerball drawings with no winners. Wednesday’s drawing will be Powerball’s 41st since the jackpot was last won, in California on May 31, 2025. That jackpot was an estimated $204.5 million and had a cash value of some $91.6 million.
Wednesday’s jackpot would also come in as the ninth largest winner among all U.S. lottery jackpot games, according to Powerball.
There have been six jackpots of more than $1 billion in Powerball’s 33-year history.
As things stand now, a single winner of Wednesday’s jackpot would have a choice between a lump-sum payment of an estimated $589 million before taxes — the prize’s cash value — or an annuity for approximately $1.30 billion that would be received in one immediate payment followed by 29 annual ones that increase by 5% each year, all also before taxes.
Four of the five previous billion-plus-jackpot-winning tickets were sold in California, including a single ticket sold in Altadena in 2022 that claimed a $2.04 billion jackpot, the largest in both Powerball and lottery history.
The next drawing, in the Florida Lottery studio in Tallahassee, will be on Wednesday at 10:59 p.m. ET. Tickets are $2 and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
The odds of winning a Powerball jackpot are 1-in-292.2 million.
