Powerball Jackpot Soars to $1 Billion for Second Time in 2023
The Powerball jackpot has reached an impressive $1 billion for the second time in 2023. This notable prize significantly enhances the excitement surrounding the lottery.
Historic Powerball Milestones
This current jackpot marks the seventh-largest in Powerball history. It follows a remarkable $1.787 billion prize won in September, which was shared between winners in Missouri and Texas. The upcoming drawing will take place on Saturday night and will be the 42nd in the ongoing jackpot series.
- Largest Powerball jackpots in history include:
- $2.04 billion – November 2022, California
- $1.787 billion – September 2023, Missouri and Texas
- $1.765 billion – October 2023, California
- $1.586 billion – January 2016, California, Florida, and Tennessee
- $1.326 billion – April 2024
- $1.08 billion – July 2023, California
- $842.4 million – January 2024, Michigan
- $768.4 million – March 2019, Wisconsin
- $758.7 million – August 2017, Massachusetts
- $754.6 million – February 2023, Washington
- $731.1 million – January 2021, Maryland
Recent Drawings and Winners
No tickets matched all six winning numbers during the last drawing, which featured white balls 10, 16, 29, 33, 69 and the red Powerball 22. However, three tickets sold in Maryland, Michigan, and New Jersey managed to match five white balls, awarding them $1 million each.
If a ticket holder wins the jackpot on Saturday, they will have two options for receiving their prize. The winner can choose an annuity of $1 billion paid out over 30 years, or a lump sum of approximately $461.3 million, before taxes. The annuity option increases payments by 5% annually.
Odds and Sales Information
The odds of winning the Powerball jackpot stand at 1 in 292.2 million, while the odds of winning any prize are more favorable at 1 in 24.9. Powerball tickets can be purchased in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings are held every Monday, Wednesday, and Saturday.
So far this year, two jackpots have been won in Southern California, with notable amounts including a $515 million prize in Anaheim and a $205 million prize in Arleta. California has achieved significant glory in the Powerball realm, holding the records for both the first and third largest payouts in lottery history.
