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Powerball Jackpot Soars to $747 Million for Monday Night’s Drawing

The Powerball jackpot has skyrocketed after no one was able to successfully pick the winning numbers in Saturday night's drawing. The estimated $747 million jackpot is the ninth-largest in U.S. lottery history and the latest in a string of huge lottery prizes.

The Powerball jackpot for Monday night's drawing stands at an estimated $747 million with a cash option of $403.1 million. Powerball is available in 45 states across the United States, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.^[0]

The numbers drawn on Saturday night were 2, 8, 15, 19, 58 and the Powerball 10.^[1] The multiplier was set to two^[2] Matching five of the five white balls won the second-tier prize of $1 million. Four tickets matched all five white balls and each of those players will win $1 million.

The largest Powerball jackpot of all time was won earlier in November when a lucky player won $2.04 billion in California. An estimate of $747 million has been calculated for a winner who would receive their prize money over a period of 29 years through an annuity.^[3] Those who are victorious typically choose to receive money as their prize, which, for Monday night's drawing, is set at $403.1 million.^[1]

In Maine, last month, a person won the Mega Millions jackpot of $1.35 billion.^[4] That win was followed by a $632.6 million Powerball win in California and Wisconsin in January and a record $2.04 billion Powerball jackpot in California last November.

The odds of winning the Powerball jackpot are estimated at 1 in 292.2 million. Despite the low odds, three other players matched four of the five numbers with the Powerball without the multiplier and won $50,000 each.^[3] In Powerball, no prizes will be won if only two numbers are matched, unless one of the numbers is the Powerball.^[5] If one of the five numbers and the Powerball match a ticket, it is worth $4.^[5]

The winner of Monday night's drawing will join the ranks of the lucky few who have won the ninth-largest U.S. lottery jackpot and the fifth-largest Powerball jackpot ever.

0. “Powerball jackpot rises to estimated $747 million after no winning ticket sold for Saturday's drawing” CBS News, 6 Feb. 2023, https://www.cbsnews.com/news/powerball-jackpot-747-million-monday/

1. “Powerball jackpot grows to $747 million after no winner” KETV Omaha, 5 Feb. 2023, https://www.ketv.com/article/powerball-jackpot-grows-to-747-million/42766952

2. “$1M Powerball Ticket Sold At NJ Deli | Middlesex Daily Voice” Daily Voice, 6 Feb. 2023, https://dailyvoice.com/new-jersey/middlesex/news/1m-powerball-ticket-sold-at-nj-deli/856002/

3. “$1 million Powerball ticket sold in Pa” WTAJ – www.wtaj.com, 5 Feb. 2023, https://www.wtaj.com/news/regional-news/millions-won-in-pa-lottery-powerball/

4. “Powerball jackpot jumps to estimated $747M” Fox Business, 6 Feb. 2023, https://www.foxbusiness.com/lifestyle/powerball-jackpot-jumps-estimated-747-million

5. “Powerball numbers 2/4/23: Lottery results for $700M jackpot” IndyStar, 5 Feb. 2023, https://www.indystar.com/story/news/2023/02/05/powerball-winning-numbers-2-4-23-lottery-jackpot-drawing-results-saturday-february-4/69871628007