Powerball Jackpot Survives Recent Draw, Gets Closer to Half a Billion

The odds of winning the Powerball jackpot are always the same, 1 in 292.2 million. Many lottery players tried their luck for a shot at the popular lottery game’s jackpot which stood at $456 million on Monday. However, nobody was able to match correctly all the winning numbers to secure the mind-blowing prize.

The Grand Prize of the Popular Lottery Game Estimated at $478M for Next Drawing
The last time an incredibly fortunate player won the Powerball jackpot was back in August. At the time, a single winning ticket in California guessed correctly all winning numbers for a sweet $44.3 million jackpot. Since then, the grand prize has been gradually growing and after surviving the game’s latest drawing on Monday, has gotten to half a billion dollars.

According to Powerball, the jackpot is estimated at $478 million for the upcoming drawing on Wednesday, October 23, 2024. The grand prize has a cash option which in that case would be $230.5 million. Undoubtedly, that’s a far cry from the astronomical sum that is close to half a billion, but cash prizes are mostly preferred by jackpot winners. This is because such prizes are collected instantly instead of the standard annuity option valid in case the winner wants to collect the whole jackpot.

A Player in Texas and Florida Miss the Jackpot
Monday’s Powerball drawing saw winning numbers 1, 25, 57, 62 and 64, along with the red Powerball number 15 drawn. While nobody matched all the winning numbers for the jackpot, two lucky players won million-dollar prizes. One of the players who matched five white balls was from Florida, while the other one was from Texas. Each of the winners won $1 million, while nobody matched five winning numbers together with the Power Play option which would’ve awarded $2 million.

More than a dozen other players won a tier-three prize. Five Powerball players who matched four white balls along with the red Powerball and paid for the Power Play option secured a $100,000 prize each. Another 11 players won the standard $50,000 prize. A total of 864 lottery players won $100 each, while 255 took home a $200 Power Play prize each.

As is usual, the largest number of players won the lowest prize. More than 373,000 players won $4 each. Moreover, close to 114,400 Powerball players won an $8 Power Play prize each.

With the jackpot surviving another drawing, more lottery aficionados and seasoned gamblers are likely to try their luck. Still, the question remains whether or not the grand prize will continue to increase and reach $1 billion, or the very next drawing might be the one that resets the jackpot to its $20 million starting value.