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Powerball Jackpot Grows to Estimated $935 Million After 37 Consecutive Drawings Without a Winner

Published: 31 March 2024 at 02:28

Finance & Economics

The Powerball jackpot has reached $935 million after 37 draws without a winner, making it the fifth-largest lottery prize in U.S. history. The cash value is estimated at $452.3 million for the next drawing on March 30. Despite the long odds of 1 in 292.2 million, the game continues to attract more players as the jackpot grows. Powerball is played in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

DEEP DIVE


Powerball Jackpot Nears $1 Billion with No Recent Winners


Lottery players have a chance at a $935 million Powerball jackpot, the fifth-largest in history, with no winner for 37 consecutive drawings. The odds of winning are 1 in 292.2 million. The prize can be taken as an annuity over 30 years or a lump sum, subject to federal and state taxes. Powerball is played in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands, with sales increasing as jackpots grow.

Powerball Jackpot Grows to $935 Million After No Winner


The Powerball jackpot reached $935 million after 37 consecutive drawings without a winner. The next drawing will offer a whopping prize for a single winner, with the option of an annuity or an estimated cash payout of $449.7 million. The odds of winning are 1 in 292.2 million, and the game is played in 45 states plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. A recent Mega Millions winner in New Jersey claimed a $1.13 billion prize after 30 straight drawings without a winner.

Powerball (Wikipedia)


Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, and overseen by the Multi-State Lottery Association (MUSL), which also manages other large jackpot games such as the Mega Millions. Drawings are held three times weekly on Mondays, Wednesdays, and Saturdays at 10:59 p.m. Eastern Time, at the Florida Lottery's headquarters in Tallahassee.The winning numbers are made up of five "white balls" from a matrix of 69 and one "Powerball" from a matrix of 26, resulting in jackpot odds of 1 in 292,201,338 per play. Each play costs two dollars, but players in some states can add Power Play, which allows players to increase the payout of their winning numbers, or Double Play, which allows players to use their numbers in a second, concurrent drawing with a different prize pool, each for an additional dollar. The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier. Powerball's minimum jackpot starts at $20 million annuity. Powerball jackpot winners have the choice of taking the annuity or lump sum cash prize. The annuity is paid in 30 graduated installments over 29 years with each annuity payment increasing 5% annually, whereas the lump sum payment, with a cash value of about half of the advertised jackpot, is paid all at once.Powerball is known for producing some of the largest lottery jackpots in history including the record breaking $2.1 billion jackpot won by a ticket purchased in Altadena, California in 2022.

Latest Powerball and Mega Millions Jackpot Updates


The Powerball jackpot for Saturday's drawing was $750 million with winning numbers 6, 23, 25, 34, 51, and Powerball 3. The Mega Millions jackpot reached $1.1 billion after no winners on Saturday, with the next drawing scheduled for Tuesday. Powerball and Mega Millions have seen a surge in large jackpots due to doubled ticket prices and lowered odds. Mega Millions' largest jackpot was $1.6 billion in Neptune, Florida, while Powerball's was $2.04 billion near Los Angeles. Mega Millions drawings are on Tuesdays and Fridays at 11 p.m. ET.

Powerball and Mega Millions Jackpots Continue to Rise to $1.7 Billion


The Powerball jackpot is estimated at $750 million for the next drawing, while the Mega Millions jackpot stands at $977 million. The current prize money ranks as the sixth highest in game history with top jackpots exceeding $1 billion. Both games offer the option of a lump sum payment or annual annuity over 30 years, with odds of winning at approximately 1 in 292.2 million for Powerball and 1 in 302.6 million for Mega Millions. The jackpots have been steadily growing with no winners recently, encouraging players to try their luck for a chance at riches.

Massive Jackpots in Mega Millions and Powerball Lotteries Reach $875 Million and $600 Million Respectively


The Mega Millions jackpot has reached $875 million, with odds of winning at 1 in 302.6 million, while the Powerball jackpot stands at $600 million, with odds of winning at 1 in 292.2 million. Notable previous winners were from South Carolina, Michigan, Illinois, Maine, and Florida. Mega Millions drawings occur every Tuesday and Friday, and Powerball drawings take place three times a week. Mega Millions tickets cost $2 and are available in 45 states, Washington D.C., and the U.S. Virgin Islands, while Powerball tickets are also $2 and sold in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

Multiple Winners Claim Massive Jackpot Prizes in California Lottery


The California Lottery revealed a group, represented by Theodorus Struyck, claimed a $1.765 billion Powerball jackpot; an Illinois mother won $1.4 million using her kids' birthdays as numbers; Midway Market received a $1 million bonus for selling the winning ticket. The Mega Millions jackpot stands at $875 million. Edwin Castro holds the record for the largest Powerball win at $2.04 billion in November 2022 in California, with Struyck being the latest big winner. Public schools in California received an additional $119.5 million from the Powerball sequence.

Powerball lottery jackpot for March 25 nears top five at $800 million. Check your numbers!


Will Powerball make you a multimillionaire overnight? Check this story tonight after 11 p.m. to see the winning numbers for the Powerball lottery drawing for $800 million on Monday, March 25. Monday's jackpot is the sixth-highest Powerball lottery jackpot of all time. The Mega Millions jackpot is also ranking on a top 10 list, with the eighth-highest lottery jackpot of all time for the $1.

Powerball (Australia) (Wikipedia)


Powerball is a lottery operated by Tatts Group under the master brand, the Lott and its licensed subsidiaries including New South Wales Lotteries in New South Wales and the Australian Capital Territory, Tattersalls in Victoria and Tasmania, Golden Casket in Queensland, and South Australian Lotteries in South Australia. The Government owned Lotterywest operates the lottery in Western Australia.The highest Australian Powerball jackpot was A$200 million on 1 February 2024. Most jackpot wins are not shared by multiple tickets. A minimum of three numbers is needed, those being two regular numbers plus the Powerball. Winners always collect in lump sum parimutuel winnings.The game was first revamped on 1 March 2013; drawing six regular numbers from 40 balls plus a Powerball using 20 balls. This also allowed the introduction of an 8th prize Division (two main numbers plus the Powerball). Other changes include an increase of 10c per play, and the introduction of an option (QuickHit40) which will "wheel" the 40 Powerballs although not guaranteeing a prize.The current Powerball format was introduced on 19 April 2018, using two Smartplay Halogen II draw machines with the intention of offering bigger jackpots and creating more overall winners. In each draw, seven regular numbers are selected from a pool of 35, while the additional Powerball continues to be drawn from a separate pool of 20 balls. A new, 9th Prize Division was added. To enable the new format, the cost of Powerball entries was increased.

Nearly $1 Billion Mega Millions Jackpot Up for Grabs with Long Odds of Winning


The Mega Millions lottery jackpot has reached an estimated $977 million after three months without a winner, making it the 10th largest jackpot in U.S. lottery history. The odds of winning are 1 in 302.6 million, and winners can choose between an annuity payment or a cash payout, with estimated winnings of $461 million for the upcoming drawing. Mega Millions and Powerball, the two big lottery games in the U.S., are run separately but raise funds for various states and territories where they operate.

Powerball (disambiguation) (Wikipedia)


Powerball is a multi-state lottery game in the United States. Powerball may also refer to:

Massive Jackpots in Mega Millions and Powerball Lotteries: Taxes, Winnings, and Investment Tips


The Mega Millions jackpot stands at $1.1 billion, while the Powerball prize is estimated at $865 million with odds of winning at 1 in 292.2 million for Powerball and 1 in 302 million for Mega Millions. Taxes on lottery prizes vary, with federal taxes at 24% for prizes over $5,000 and reaching 37% for higher amounts. State tax rates range from 2.9% to 13%. Winners can choose between a lump sum payout or annual payments over 30 years, impacting the final amount received. It's advised to hire financial advisers, pay off debts, invest wisely, and prepare for tax implications when managing lottery winnings.

No Winner for Mega Millions as Jackpot for Next Drawing Now Over $1.1 Billion


The Mega Millions jackpot has reached an estimated $1.1 billion after 30 consecutive drawings without a winner. The numbers drawn for the next drawing are: 3, 8, 31, 35, 44, and 16. The last jackpot winner was on Dec 8. The odds of winning the jackpot are 1 in 302,575,350. Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands with tickets priced at $2 each. The current cash payment option for the jackpot is around $525.8 million.

New Jersey resident wins $1.13 billion Mega Millions jackpot


A New Jersey resident won the $1.13 billion Mega Millions jackpot, the largest in state history, with the winning ticket sold at ShopRite Wines & Spirits of Neptune. The winner, who remains anonymous under state law, chose the numbers manually and can receive the prize as an annuity or $537.5 million cash payout. The retailer received a $30,000 bonus. Mega Millions had 30 straight drawings without a winner, leading to the massive jackpot. Powerball's upcoming jackpot is estimated at $865 million. 18 states, including New Jersey, allow winners to remain anonymous.

Mega Millions Jackpot Soars to $977 Million After No Winner


The Mega Millions jackpot has reached an estimated $977 million after no one won the grand prize in the recent drawing, with the next drawing offering a grand prize of $977 million and a cash option of $461 million. Four players matched all five white balls to win $1 million each in California, Florida, Texas, and Virginia. Mega Millions is played in 45 states, Washington D.C., and the U.S. Virgin Islands, with odds of winning the grand prize at 1 in 302,575,350.

California woman revealed as $1.08 billion Powerball jackpot winner


Yanira Alvarez, a California resident, was identified as the winner of a $1.08 billion Powerball jackpot from last summer, choosing a one-time lump-sum payment of $558.1 million. The winning ticket was purchased at Las Palmitas Mini Market in Los Angeles, ending a 39-draw jackpot run for Powerball and marking a historic event as one of two back-to-back billion-dollar winning tickets sold in California. The store owner who received a $1 million bonus for selling the ticket plans to expand his business with the winnings.

Pennsylvania Lottery Suspends Sales for Mega Millions and Powerball Due to System Upgrade


The Pennsylvania Lottery has temporarily shut down ticket sales for Mega Millions and Powerball due to a system upgrade, affecting players' ability to purchase tickets. The upgrade includes a complete computer system transition with new data centers and back office systems, causing delays in processing claims and redeeming retail coupons. The blackout also impacts other games like Treasure Hunt and Cash4Life, with winners unable to claim prizes for nearly a week. Despite the blackout, jackpot amounts for Mega Millions and Powerball continue to climb, reaching $875 million and $687 million respectively.

Mega Millions warns of lottery scams amid big jackpots


The owner of Las Palmitas Mini Market, Navor Herrera, received a $1M check during a press conference with Powerball officials on Thursday morning. (FOX 11) Big jackpots like the ones currently rolling can prompt scammers to come out of the woodwork and try to target lottery hopefuls. Mega Millions issued a warning about such ploys late last week, saying it was "especially true during periods of larger jackpots" that people need to exercise caution. With the scams, criminals typically attempt to deceive a person into thinking they won a big prize to either swindle the person out of money or to obtain sensitive personal information, Mega Millions said on its website. CALIFORNIA, USA - AUGUST 8: A person plays lottery at a 7-eleven store as Mega Millions jackpot reaches $ 1 billion 580 million, in Redwood City, California, United States on August 8, 2023.

Lottery jackpot records (Wikipedia)


This is a list of the largest jackpots, or prizes, awarded in various lotteries.

South African National Lottery (Wikipedia)


The National Lottery is operated by ITHUBA Holdings, to whom the licence was granted in 2015. The lottery is regulated by the National Lottery Commission, and was established in 2000.Lottery tickets may be bought only by people of at least 18 years of age.In the 2007 fiscal year transaction values totalled R3.972 billion, with an average of five million transactions per week. In the 2012 National lottery generated R4.7 billion in sales of Lotto and Powerball tickets.Lotto is the most popular type of gambling in South Africa but Powerball has been the faster-growing for last years due to its high payouts.

California lottery winner raises concerns for safety and disappears after winning $1.76 billion jackpot


Theodorus Struyck, a 65-year-old retired UPS worker from Hawaii, won a $1.76 billion Powerball jackpot but has raised safety concerns for his whereabouts and disappeared after posting a 'private property' notice outside his home in Frazier Park, California. Neighbors fear for his safety, with one suggesting potential abduction due to the large sum of money involved. Struyck's identity disclosure has also raised fears among locals, with one neighbor mentioning a 'bullseye on his back.' The winning ticket was purchased at Midway Market, and despite concerns, Struyck is believed to be visiting family in San Diego.

Powerball Jackpot Grows to Estimated $935 Million After 37 Consecutive Drawings Without a Winner Powerball Jackpot Grows to Estimated $935 Million After 37 Consecutive Drawings Without a Winner Powerball Jackpot Grows to Estimated $935 Million After 37 Consecutive Drawings Without a Winner

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Southern California winner of $1.08 billion Powerball jackpot revealed

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20 lottery winners who lost it all — as a $935 million Powerball jackpot is still up for grabs

Business Insider

Business Insider

9 ways you can win money in the Powerball jackpot

Business Insider

AP News

Numbers have been drawn for an estimated $935 million Powerball jackpot

AP News

AP News

Powerball jackpot increases to $935 million after no one wins the top prize

AP News

NPR

Powerball jackpot jumps to $975 million after another drawing without a big winner

NPR

Fox News

Powerball skyrockets to $935 million, 5th. largest in history

Fox News

Yahoo! News

Powerball player just misses nearly $1 billion jackpot — but wins big in Pennsylvania

Yahoo! News

Yahoo! News

Powerball player just misses nearly $1 billion — but still wins big in Illinois

Yahoo! News

NBC

Powerball jackpot at almost $1 billion after no winner in latest drawing

NBC

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Powerball Jackpot Nears $1 Billion with No Recent Winners

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Powerball Jackpot Grows to $935 Million After No Winner

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Wikipedia

Powerball

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Latest Powerball and Mega Millions Jackpot Updates

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Powerball and Mega Millions Jackpots Continue to Rise to $1.7 Billion

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Massive Jackpots in Mega Millions and Powerball Lotteries Reach $875 Million and $600 Million Respectively

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Multiple Winners Claim Massive Jackpot Prizes in California Lottery

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Powerball lottery jackpot for March 25 nears top five at $800 million. Check your numbers!

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Wikipedia

Powerball (Australia)

Wikipedia

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Nearly $1 Billion Mega Millions Jackpot Up for Grabs with Long Odds of Winning

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Wikipedia

Powerball (disambiguation)

Wikipedia

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Massive Jackpots in Mega Millions and Powerball Lotteries: Taxes, Winnings, and Investment Tips

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No Winner for Mega Millions as Jackpot for Next Drawing Now Over $1.1 Billion

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New Jersey resident wins $1.13 billion Mega Millions jackpot

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Mega Millions Jackpot Soars to $977 Million After No Winner

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California woman revealed as $1.08 billion Powerball jackpot winner

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Pennsylvania Lottery Suspends Sales for Mega Millions and Powerball Due to System Upgrade

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Mega Millions warns of lottery scams amid big jackpots

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Wikipedia

Lottery jackpot records

Wikipedia

Wikipedia

South African National Lottery

Wikipedia

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California lottery winner raises concerns for safety and disappears after winning $1.76 billion jackpot

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