One lucky Powerball player could win an estimated $900 million tonight, the third-biggest jackpot in the game’s 30-year history.
The jackpot increased to a staggering sum, which is also the seventh largest in US lottery history, after 37 consecutive draws with no one taking the top dollar.
Monday’s jackpot equals more than 14 years of earnings from Taylor Swift, whose annual income was $63.5 million in 2020 according to Forbes – or what Kylie Jenner earns in 1.5 years.
Jenner, who topped the 2020 annual celebrity earnings list, earns $590 million a year.
Monday’s jackpot equals more than 14 years of earnings for Taylor Swift, whose annual income was $63.5 million in 2020 according to Forbes, or what Kylie Jenner earns in 1.5 years.
The Powerball jackpot soared to $900 million after no one matched all six winning numbers on Saturday, making it the third-biggest jackpot in the game’s history.
After no big prizes in 37 draws, the record jackpot could be claimed on Wednesday, in the next scheduled lottery draw. The sum already increased to $875 million, still the third largest ever, last week.
If one lucky player takes the top prize on Monday, they could even afford 32 Rolls-Royce Boat Tails, which at $28 million is the most expensive car in the world.
However, players who defy the odds and pick all five numbers plus the elusive Powerball You might be surprised to learn that the amount they can actually take home is much less than the number specified above if they decide to take all the money at once.
Winners can receive the colossal payment in full through annual installments over the course of 29 years.
But if they opt to take the cash in a lump sum, they can expect their winnings to be reduced by about 30 percent due to taxes, meaning the $900 million jackpot would only secure them about $465.1 million. .
No tickets for Saturday’s drawing matched the winning combination: white balls 2, 9, 43, 55, 57 and red Powerball 18. The jackpot was estimated at $875 million.
The game’s abysmal odds, one in 292.2 million occurrences, are designed to generate big prizes that attract more players.
Monday’s top prize is the third-largest Powerball jackpot and the seventh-largest in US Lottery history, according to Powerball.
While no one managed to win the grand prize, three lucky players in Texas and Colorado were able to match all five white balls for $1 million each.
The chance of winning that prize, even so, is less than one in 11 million.
That said, players who defy the odds and pick all five numbers plus the elusive Powerball (a 1 in 292.2 million occurrence) might be surprised to learn that the sum they can actually take home is far less than the number specified above. because of the lottery jackpot. lump sum payment option
That being said, the more patient players will still have access to the lump sum through the game’s annuity option. That is paid in installments over the course of 29 years, and will not be reduced by 40 percent like the lump sum, which is awarded immediately.
For reference, the odds of being struck by lightning are a much more realistic one in 15,000.
Last week, a ticket punched in Iowa netted $2 million, thanks to the game’s Power Play feature, which doubled the $1 million prize.
Meanwhile, the jackpot, which hasn’t been claimed since April, will keep growing until someone wins, meaning it could still become the biggest in the game’s three-decade history.
The biggest Powerball jackpot was claimed just a few months ago in November by a lone player in California. The prize, in that case, was just over $2 billion, the biggest lottery win in not just Powerball history, but lotteries in general.
Before the historic $2 billion win, the biggest lottery jackpot in history was also a Powerball jackpot, this time $1.586 billion, which they won three tickets and had to split in 2016.
Then, last July, one lucky player in Illinois won a staggering $1.337 billion jackpot in the Mega Millions lottery, earning him the distinction of the third-largest jackpot in lottery history.
Meanwhile, the odds of winning that game are an even more astronomical 1 in 302 million. Four years earlier, a South Carolina gambler raked in $1.537 billion in a separate Mega Millions drawing.
The last time someone won the Powerball jackpot was on April 19, with a jackpot of nearly $253 million.
The building that Castro was in houses several law firms, including Castro’s.
As it stands, the jackpot is the third largest Powerball jackpot and the seventh largest in US Lottery history.
Tickets are $2 and are sold in 45 US states, as well as Washington, DC, Puerto Rico and the US Virgin Islands.
More than half of all entries stay in the jurisdiction where the ticket was purchased, according to Powerball, and the drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET.
Players can watch the draws streamed live online at Powerball.com.
Edwin Castro, 31, pictured outside an office building in the Pasadena section of Los Angeles
This comes after lottery winner Edwin Castro was photographed last month looking dejected in the Pasadena section of Los Angeles entering an office building as he faces a lawsuit from a man claiming to be the ticket’s true owner. of Powerball.
In February, Castro went ahead to claim the winnings from the November draw, electing to accept the lump sum payment of $997.6 million.
But the 31-year-old’s ownership of the winning ticket is being challenged by a man named José Rivera who says his landlord, Urachi Romero, stole it and tried to blackmail him into returning it.
When Rivera refused to give in to the blackmail, he says Castro kept the profits.
Rivera has not said how Castro came to possess the ticket. Romero has supported the claims of his former tenant.
Largest Jackpots in US History
1. $2.04 billion, Powerball, November 2022 (one ticket, in California)
2. $1.586 billion, Powerball, January 13, 2016 (three tickets, in California, Florida, Tennessee)
3. $1.537 billion, Mega Millions, October 23, 2018 (one ticket, in South Carolina)
4. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, in Illinois)
5. $1.05 billion, Mega Millions, January 22, 2021 (one ticket, in Michigan)
6. $768.4 million Powerball, March 27, 2019 (one ticket, in Wisconsin)
7. $758.7 million Powerball, August 23, 2017 (one ticket, in Massachusetts)
8. $731.1 million, Powerball, January 20, 2021 (one ticket, in Maryland)
9. $699.8 million, Powerball, October 4, 2021 (one ticket, in California)
10. $687.8 million, Powerball, October 27, 2018 (two tickets, in Iowa and New York)