Powerball jackpot jumps to $1.2 billion after no winner on Halloween - Insurance News | InsuranceNewsNet

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November 3, 2022 Newswires
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Powerball jackpot jumps to $1.2 billion after no winner on Halloween

WITI-TV (Milwaukee, WI)

TALLAHASSEE, Fla. - The Powerball jackpot has soared to an estimated $1.20 billion after no ticket matched all six numbers on Halloween night.

The winner, who must match numbers on five white balls (1-69) and the red Powerball (1-26), also has the option to claim a one-time lump sum payment of an estimated $596.7 million before taxes.

Lottery officials said the current jackpot ranks as the 2nd largest in Powerball history, only behind the world record $1.586 billion Powerball jackpot, and 4th largest in U.S. lottery history.

The next drawing will be held at 10:59 p.m. ET on Wednesday.

Last night's Powerball jackpot winning numbers

The winning numbers in Monday evening's drawing of the Powerball game were: 13-19-36-39-59, Powerball: 13, and Power Play: 3.

There were 10 winners who matched five numbers worth $1 million in California, Florida, Indiana, Michigan, New York, Ohio, and Texas, lottery officials said.

Three tickets in Florida, New York, and Oklahoma matched all five white balls and increased their $1 million prize to $2 million by including the Power Play option for an additional $1. There were also 134 tickets nationwide that won a $50,000 prize, and another 23 tickets that won a $150,000 prize, according to Powerball officials.

RELATED: What are the 10 largest lottery jackpots ever won in the US?

How to play the Powerball Jackpot

The Powerball jackpot grows until a winning ticket is sold. Winners can choose to receive their prize as an annuity, paid in 30 payments over 29 years, or take the lump sum payment. Federal and jurisdictional taxes are applicable to either payout.

Powerball drawings are held on Monday, Wednesday, and Saturday in 45 states, Washington D.C., the U.S. Virgin Islands, and Puerto Rico. The drawings are broadcast live from the Florida Lottery draw studio in Tallahassee, and also live-streamed on Powerball.com.

The grand prize was previously won on Aug. 3 in Pennsylvania, resulting in a $206.9 million jackpot. Since then, there have been 38 consecutive drawings without a grand prize winner, lottery officials said.

Powerball currently holds the world record for the largest jackpot ever: a whopping $1.586 billion prize in 2016 that was shared by winners in California, Florida, and Tennessee.

Odds of winning the Powerball Jackpot

The overall odds of winning the Powerball jackpot are just 1 in 292.2 million. To put that into perspective, those odds are a little worse than flipping a coin and getting heads 28 straight times, University of Nebraska-Omaha mathematics professor Andrew Swift previously told the Associated Press.

For those feeling lucky and wanting to spend $2 for a ticket, the overall odds of winning any prize is a little better at 1 in 24.9.

This story was reported from Cincinnati.

Older

Floridians spent more than $34M on Powerball tickets over 10 days

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Powerball: Here are Wednesday's winning numbers for the $1.2B jackpot

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