NEW YORK (WABC) — The Powerball jackpot has grown to $700M for Wednesday’s drawing after no one hit it big on Christmas!
The jackpot has a cash value of $352.3 million.
Watch Powerball drawings every Monday, Wednesday, and Saturday night at 10:59 p.m. ET right here!
This is the fourth Powerball jackpot to climb above half a billion dollars this calendar year.
The Powerball jackpot was previously won on Oct. 11, 2023, by a ticket in California that won a grand prize worth $1.765 billion. Since then, there have been 32 consecutive drawings without a jackpot winner.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
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.
Powerball tickets are $2 per play, and all winning tickets must be redeemed in the jurisdiction in which they are sold.
2023 Powerball Jackpots
Feb. 6, 2023 – $754.6 million – WA
March 4, 2023 – $162.2 million – VA
April 19, 2023 – $252.6 million – OH
July 19, 2023 – $1.08 billion – CA
Oct. 11, 2023 – $1.765 billion – CA
Here is a look at the 10 largest U.S. jackpots that have been won and the states where the winning tickets were sold:
1. $2.040 billion, Powerball, Nov. 7, 2022 (one ticket: California)
2. $1.765 billion, Powerball, Oct. 11, 2023 (one ticket: California)
3. $1.602 billion, Mega Millions, Aug. 8, 2023 (one ticket: Florida)
4. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets: California, Florida and Tennessee)
5. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket: South Carolina)
6. $1.348 billion, Mega Millions, Jan. 13, 2023 (one ticket: Maine)
7. $1.337 billion, Mega Millions, July 29, 2022 (one ticket: Illinois)
8. $1.08 billion, Powerball, July, 19, 2023 (one ticket: California)
9. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket: Michigan)
10. $768.4 million, Powerball, Mar. 27, 2019, (one ticket: Wisconsin)
Powerball drawings are also streamed here on Monday, Wednesday, and Saturday at 10:59 p.m.
Mega Millions drawings are streamed on Tuesday and Friday at 11:00 p.m.
Sources: AP archives, www.megamillions.com and www.powerball.com
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