With no winner on Monday, Powerball’s jackpot has grown to $1.4 billion — the highest it has been in additional than a yr.
Ahead of Wednesday night’s drawing at 10:59 p.m. ET, the prize is now ranked as the fourth largest in the sport’s historical past and the sixth-largest U.S. lottery jackpot ever, in response to the Multi-State Lottery Association that runs the lottery.
Here’s a have a look at the 10 greatest Powerball jackpots of all time and the place the profitable ticket was bought:
- $2.04 billion — Nov. 7, 2022 (California)
- $1.765 billion — Oct. 11, 2023 (California)
- $1.586 billion — Jan. 13, 2016 (California, Florida, Tennessee)
- $1.40 billion (estimated) — Sept. 3, 2025
- $1.326 billion — April 6, 2024 (Oregon)
- $1.08 billion — July 19, 2023 (California)
- $842.4 million — Jan. 1, 2024 (Michigan)
- $768.4 million — March 27, 2019 (Wisconsin)
- $758.7 million — Aug. 23, 2017 (Massachusetts)
- $754.6 million — Feb. 6, 2023 (Washington)
And this is how Wednesday night time’s drawing compares with the 10 greatest jackpots ever awarded:
- $2.04 billion Powerball — Nov. 7, 2022 (California)
- $1.765 billion Powerball — Oct. 11, 2023 (California)
- $1.602 billion Mega Millions — Aug. 8, 2023 (Florida)
- $1.586 billion Powerball — Jan. 13, 2016 (California, Florida, Tennessee)
- $1.537 billion Mega Millions — Oct. 23, 2018 (South Carolina)
- $1.40 billion Powerball (estimated) — Sept. 3, 2025
- $1.348 billion Mega Millions — Jan. 13, 2023 (Maine)
- $1.337 billion Mega Millions — July 29, 2022 (Illinois)
- $1.326 billion Powerball — April 6, 2024 (Oregon)
- $1.269 billion Mega Millions — Dec. 27, 2024 (California)
If no ticket matches all six numbers in Wednesday’s Powerball draw, the jackpot will roll over and develop based mostly on ticket gross sales. The subsequent drawing would then supply a prize even bigger than the present $1.4 billion, probably setting a brand new report as the third greatest in Powerball historical past.
What to know when you win
If you are fortunate sufficient to win the jackpot prize, you may have a alternative between the full $1.4 billion annuity, paid out over 30 years, or the lump-sum money choice of $634.3 million.
Winnings are taxed by the federal authorities and by most states, so the precise take-home will likely be less than the listed prize amounts.
Financial consultants usually advocate taking a few practical steps earlier than speeding to assert a life-changing prize:
- Secure the ticket. Sign the again of the ticket and maintain it in a secure location, akin to a house secure or financial institution deposit field. Some consultants additionally counsel making a replica or taking a photograph on your information.
- Keep it quiet. Avoid publicizing the win till after the declare is official. Announcing it too quickly can invite scammers or undesirable consideration.
- Assemble a workforce. A lawyer, monetary advisor and tax skilled will help with the advanced selections round claiming and managing such a lot of cash.
- Plan for the long run. A monetary planner will help you resolve whether or not the annuity or lump sum higher fits your monetary targets and tolerance for danger, as there are pros and cons to both options.
Powerball tickets are bought in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The odds of profitable the jackpot are about 1 in 292.2 million, although the odds of profitable any prize are 1 in 24.9, in response to the lottery.
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