The Powerball jackpot has reached a staggering $1.23 billion after no winners emerged from the recent draws, becoming the fourth-largest in the game’s history and capturing the imaginations of lottery enthusiasts nationwide.
The Powerball jackpot has surged to $1.23 billion, positioning it as the fourth-largest in the game’s history, following a series of draws without a jackpot winner, the latest being on Wednesday. During Wednesday’s draw, the winning numbers announced were 11, 62, 65, 38, 41, with the Powerball 15, which did not yield a jackpot winner but saw six individuals winning $1 million each across different states. This considerable jackpot comes after no winner has been declared in the past 40 draws since the last jackpot victory in Michigan on New Year’s Day, amounting to $842.4 million.
The record jackpot for Powerball stands at $2.04 billion, won by a player in California in 2022. To participate in Powerball, individuals select five numbers between 1 and 69 and a Powerball number from 1 to 26, with the game boasting daunting odds of 1 in 292.2 million for the jackpot and slightly better odds of 1 in 11.6 million for the $1 million prize. Tickets are available at $2 per play with draws held every Monday, Wednesday, and Saturday.
The jump in the jackpot to $1.23 billion has evidently amplified interest among hopefuls, despite the significantly high odds likened to flipping a coin and landing on heads 28 times in a row. While the massive jackpot prize courts widespread attention, winners often opt for a cash payout, which for the current jackpot amounts to an estimated $595.1 million post-taxes, illustrating the less-discussed reality of lottery winnings.
The Powerball draws take place at 10.59pm ET in Florida, with lottery enthusiasts across various states keenly waiting to see if the upcoming draw breaks the dry spell and produces a new multi-millionaire.
