Powerball jackpot reaches record high of $1.73 billion with no winners; one ticket from Southern California gets $1 million
After Monday’s drawing, in which no one was able to match all six of the game’s numbers and claim the enormous reward, the Powerball jackpot increased to an estimated $1.73 billion.
The winning numbers for the Powerball lottery were 16, 34, 46, 55, and 67, and the Powerball was 14.
Despite the fact that no one was lucky enough to match all six numbers and win the jackpot, one person in Orange County did match five numbers and won $1 million.
Since the last person to win the grand prize on July 19, there has not been a winner in any of the 35 lotteries that have taken place since then. This draw streak is shorter than the record of 41 established between 2021 and 2022. The player who won the $2.04 billion Powerball jackpot in November 2022 in California holds the record for the highest jackpot ever won.
The fact that there are so few winners of the Powerball jackpot reflects the game’s frightening odds of 1 in 292.2 million.
The winner of the $1.73 billion jackpot will receive their winnings as an annuity, with annual payments spread out over a period of thirty years. The vast majority of jackpot winners choose to receive their winnings in the form of cash, which for the upcoming drawing on Wednesday night would be approximately $756.6 million.
The federal government takes a bite out of the winnings, and a few of states additionally levy taxes on the major rewards.
Powerball is a lottery game that is played in 45 of the 50 states of the United States, as well as the District of Columbia, Puerto Rico, and the Virgin Islands.