Summary
The Powerball jackpot has reached $1.6 billion for Monday night's draw, making it the fourth-largest Powerball prize ever. No ticket has won the jackpot in the last 45 drawings. Lottery tickets are sold in most U.S. states, and the odds of winning are extremely low.
Key Facts
- The Powerball jackpot is now estimated at $1.6 billion.
- It is the fourth-largest Powerball prize in history.
- The odds of winning the Powerball jackpot are 1 in 292.2 million.
- Lottery tickets cost $2 and are sold in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
- The cash value of the prize, if taken as a lump sum, is about $735.3 million.
- A 24 percent federal tax would reduce the prize amount further, and state taxes may apply.
- This is the 46th consecutive draw without a jackpot winner.
- The top Powerball prize ever was $2.04 billion in November 2022.
