Current:Home > MarketsPowerball jackpot climbs to $1.2 billion ahead of Wednesday's drawing -Ascend Finance Compass
Powerball jackpot climbs to $1.2 billion ahead of Wednesday's drawing
View
Date:2025-04-12 18:54:33
An estimated $1.2 billion jackpot is up for grabs in the next Powerball drawing on Wednesday night.
It's now the third-largest purse in the American lottery game's history and the biggest so far this year. It's also the seventh-largest U.S. lottery jackpot ever, according to a press release from Powerball.
The grand prize, which has an estimated cash value of $551.7 million, continued its ascent through billion dollar territory after no ticket matched all six numbers drawn on Monday night, Powerball said.
MORE: Powerball jackpot tops $1 billion ahead of Monday's drawing
However, two tickets -- purchased in Delaware and Michigan -- matched matched all five white balls to win $1 million prizes. Two other tickets -- sold in New York and South Carolina -- matched all five white balls and won $2 million prizes by including Power Play, a feature that allows a winner to multiply the original amount of non-jackpot prizes for an additional $1 per play, according to Powerball.
The jackpot was previously won on July 19, when a ticket purchased in California matched all five white balls and the red Powerball to claim $1.08 billion. Since then, there have been 32 consecutive drawings without a jackpot winner, Powerball said.
Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Both advertised prize options do not include federal and jurisdictional taxes.
MORE: Winning ticket for $1 billion Powerball jackpot sold in California
The jackpot grows based on game sales and interest, but the odds of winning the big prize stays the same -- 1 in 292.2 million, according to Powerball.
Powerball tickets cost $2 and are sold in 45 U.S. states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. The drawings are also livestreamed online at Powerball.com.
veryGood! (9744)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- In New York City, scuba divers’ passion for the sport becomes a mission to collect undersea litter
- As if You Can Resist These 21 Nasty Gal Fall Faves Under $50
- Why Spencer Pratt Doesn't Want Heidi Montag on Real Housewives (Unless Taylor Swift Is Involved)
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- A fight over precious groundwater in a rural California town is rooted in carrots
- Armenia accuses Azerbaijan of ethnic cleansing in Nagorno-Karabakh region as 65,000 forcefully displaced
- Louisiana Tech's Brevin Randle suspended by school after head stomp of UTEP lineman
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- European Parliament president backs UN naming an envoy to help restart Cyprus peace talks
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Texas rises in top five, Utah and LSU tumble in US LBM Coaches Poll after Week 5
- 7 sets of remains exhumed, 59 graves found after latest search for remains of the Tulsa Race Massacre victims
- As Diamondbacks celebrate 'unbelievable' playoff berth, Astros keep eyes on bigger prize
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- How to make a Contact Poster in iOS 17: Enable the new feature with these simple steps.
- Why Spencer Pratt Doesn't Want Heidi Montag on Real Housewives (Unless Taylor Swift Is Involved)
- Nebraska is imposing a 7-day wait for trans youth to start gender-affirming medications
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Miguel Cabrera gets emotional sendoff from Detroit Tigers in final career game
7 sets of remains exhumed, 59 graves found after latest search for remains of the Tulsa Race Massacre victims
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
A fight over precious groundwater in a rural California town is rooted in carrots
Where poor air quality is expected in the US this week
Airbnb guest who rented a room tied up, robbed Georgia homeowner at gunpoint, police say