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The most recent Powerball jackpot remains to be up for grabs and is predicted to achieve $1.6 billion Monday, propelling it into the highest 4 of the most important jackpots within the recreation’s historical past, officers mentioned Sunday.
On Saturday, gamers didn’t match all six profitable numbers — white balls 4, 5, 28, 52, 69 and purple Powerball 20. The projected jackpot turns into the sport’s fourth-largest prize and is closing in on the $1.787 billion gained by ticketholders in Missouri and Texas in September.
Though not a jackpot winner, one ticket purchaser in Southern California secured a $2.3-million prize on Saturday by matching all 5 white balls however not the Powerball. The profitable ticket was bought at Wright’s Market at 261 Ventura Blvd. in Oxnard. The market earned greater than $11,500 for promoting that ticket.
The record-high Powerball jackpot of $2.04 billion was bought in Altadena on Nov. 7, 2022. Rounding out the highest 5: the $1.787-billion jackpot on Sept. 6; a $1.765-billion prize gained in California on Oct. 11, 2023; the present $1.6-billion jackpot; and $1.586 billion gained on Jan. 13, 2016, in California, Florida and Tennessee.
In accordance with recreation officers, this marks the second time there have been back-to-back Powerball jackpots exceeding $1 billion. In 2023, the $1.765-billion jackpot and a $1.08-billion prize had been gained in California inside a four-month span.
The attainable winner of Monday’s draw may select between an annuitized prize of $1.6 billion or a lump sum of $735.3 million earlier than taxes; if the winner is in California, state taxes should not imposed. If the winner chooses the $1.6 billion, they are going to obtain one rapid fee adopted by 29 annual funds that improve by 5% annually, recreation officers mentioned in a information launch Sunday.
The lump sum may very well be diminished to about $558.8 million after the 24% preliminary withholding, which is usually imposed on prizes of $5,000 or extra, in response to the Inner Income Service. Extra taxes could also be imposed.
The chances of profitable, nevertheless, stay astronomically small — at simply 1 in 292.2 million, officers mentioned.
Powerball tickets value $2 to play, and drawings happen on Mondays, Wednesdays and Saturdays.
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