Powerball
Powerball Jackpot Soars To $1.55 Billion After 34 Consecutive Draws Without A Winner
(CTN NEWS) – The Powerball jackpot has surged to an estimated $1.55 billion as no one managed to match all six numbers during the Saturday draw, missing out on the colossal prize.
Powerball Winning Numbers For October 07, 2023
The numbers drawn on Saturday night were as follows: 47, 54, 57, 60, 65, with the red Powerball being 19.
This staggering $1.55 billion prize is earmarked for a single winner, who will receive it through a 30-year annuity, paid out annually.
However, most jackpot winners tend to opt for the cash payout, which, for the upcoming Monday night drawing, is estimated at $679.8 million.
After a remarkable 34 consecutive drawings without a top prize winner, the Powerball jackpot has now become the world’s fourth-largest lottery prize.
This remarkable streak has followed the last top prize win on July 19, falling just short of the record set in 2021 and 2022, which saw 41 consecutive drawings without a winner.
The scarcity of Powerball jackpot winners underscores the game’s formidable odds, which stand at an astonishing 1 in 292.2 million.
Powerball is widely played across 45 states in the United States, as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
LIVEÂ POWERBALL RESULT
How to Participate in Powerball
Participating in Powerball involves a simple process with various potential prizes. Here’s a step-by-step guide:
- Cost: Each Powerball entry costs $2.
- Number Selection: Choose five numbers ranging from 1 to 69 for the white balls. Then, select one number from 1 to 26 for the red Powerball.
- Number Selection Options: You can either manually pick your preferred numbers on a play slip or opt for a random selection by the lottery terminal.
- Winning Combinations: To win, your chosen numbers must match one of the following combinations:
- Match all 5 white balls + 1 red Powerball for the Grand Prize.
- Match all 5 white balls for a $1 million prize.
- Match 4 white balls + 1 red Powerball for a $50,000 prize.
- Match 4 white balls for a $100 prize.
- Match 3 white balls + 1 red Powerball for a $100 prize.
- Match 3 white balls for a $7 prize.
- Match 2 white balls + 1 red Powerball for a $7 prize.
- Match 1 white ball + 1 red Powerball for a $4 prize.
- Match 1 red Powerball for a $4 prize.
- Power Play Option: You have the opportunity to enhance your winnings through the Power Play option, which costs an additional $1 per entry. When the jackpot is under $150 million, this feature can multiply non-jackpot prizes by two, three, four, five, or even ten times.
- Prize Structure: Prizes, except for the Grand Prize, are fixed cash amounts. In California, prize payouts may vary depending on ticket sales and the number of winners.
What Are the Odds of Winning Powerball?
Understanding the odds can help you manage your expectations. Here are the odds for Powerball:
- The odds of winning the Powerball jackpot are one in 292,201,338.
- For the smallest prize, $4 for matching one red Powerball, the odds are one in 38.32.
According to Powerball, the overall odds of winning any prize stand at one in 24.87, based on a $2 ticket, rounded to two decimal places.
What was the biggest Powerball jackpot?
Here are the Top 10 jackpots since the Powerball lottery began in 1992:
- $1.586 billion, Jan. 13, 2016: Three winners in California, Florida, Tennessee
- $768.4 million, March 27, 2019: Won in Wisconsin
- $758.7 million, Aug. 23, 2017: Won in Massachusetts
- $730 million, Jan. 20, 2021: Won in Maryland
- $699.8 million, Oct. 4, 2021: Won in California
- $687.8 million, Oct. 27, 2018: Two winners in Iowa, New York
- $632.6 million, Jan. 5, 2022: Two winners in California, Wisconsin
- $590.5 million, May 18, 2013: Won in Florida
- $587.5 million, Nov. 28, 2012: Two winners in Arizona, Missouri
- $564.1 million, Feb. 11, 2015: Three winners in North Carolina, Puerto Rico, Texas
