The Powerball jackpot has surged to an astounding estimated $1 billion after there were no grand prize winners in Wednesday night’s drawing. This remarkable figure marks the second billion-dollar Powerball jackpot recorded this year and stands as the seventh largest prize in the history of the game.
The next drawing is scheduled for Saturday, and the current estimated cash value of the jackpot is $461.3 million. The numbers drawn on Wednesday were 10, 16, 29, 33, and 69, with the Powerball number being 22. The last time the Powerball jackpot was won was on September 6, when two tickets from Missouri and Texas shared a massive $1.787 billion prize. Since then, there have been 40 consecutive drawings without a jackpot winner.
The highest Powerball payout ever recorded was an impressive $2.04 billion, which was won on November 7, 2022. Players have the option to choose between receiving the winnings as annual payments totaling an estimated $1 billion or as a lump sum payment of approximately $461.3 million.
As a reminder, the odds of winning the Powerball jackpot are approximately 1 in 292.2 million, and tickets are sold for $2 per play. This continued excitement surrounding the jackpot highlights the enduring allure of lotteries and the hope they bring to millions of players across the country.