Need an extra $1.2B? The lottery might have your number
Published 11:49 am Wednesday, October 4, 2023
Third-largest Powerball jackpot an estimated $1.2 billion; Mega Millions jackpot an est. $350 million; Match 5 climbs to $450,000
The Powerball® jackpot has soared to an estimated $1.2 billion (estimated $551.7 cash value) for the drawing tonight. The jackpot has continued to roll after no ticket matched all six numbers drawn Monday night: 12-26-27-43-47 and a Powerball of 5.
If a player wins tonight’s jackpot, it will be the third largest jackpot in Powerball history and the seventh largest in U.S. lottery history.
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This is the first time two consecutive jackpot runs have produced billion-dollar jackpots in the Powerball game. The Powerball jackpot was previously won July 19 in California when a single ticket won a jackpot worth $1.08 billion. Since then, there have been 32 consecutive drawings without a grand prize winner.
If a player wins the jackpot tonight, they will have the choice between an annuitized prize worth an estimated $1.2 billion or a lump sum payment estimated at $551.7 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments increasing by 5 percent each year.
The Friday, Oct. 6, drawing of the Mega Millions® jackpot is now up to an estimated $350 million with an estimated cash value of $155.9 million. Tonight’s Mississippi Match 5 jackpot is an estimated $450,000.
October scratch-offs are now available in a lottery retailer near you.
$1—2 for $1: Approximate overall odds are: 1:4.75. Win up to $4,000.
$2—Easy as 1-2-3: Approximate overall odds are: 1:4.90. Win up to $20,000.
$5—Bonus Cashword: Approximate overall odds are: 1:4.32. Win up to $75,000.