BIG MONEY: Powerball Jackpot is Now a Top-Ten Jackpot of All-Time
Today has been two months since someone won a 1.080 billion jackpot in California. That was the last time someone won the Powerball. Since then, the jackpot has been growing and is now hitting historic levels. The Powerball jackpot has grown to an estimated $672 million for the next drawing on Wednesday night. The jackpot has a cash value of $320.5 million.
According to the Powerball website, The Monday drawing produced more than 905-thousand winning tickets across the country, including a ticket in Massachusetts that matched all five white balls to win a $1 million prize. Other big wins from Monday night include 17 tickets that won $50,000 prizes and three tickets that won $150,000 prizes.
IF YOU WIN:
If a player wins the jackpot on Wednesday night, they will have the choice between an annuitized prize worth an estimated $672 million or a lump sum payment estimated at $320.5 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 that increase by 5% each year.
Top 10 Powerball Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.08 Billion – July 19, 2023 – CA
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 - WA
- $731.1 Million – Jan. 20, 2021 – MD
- $699.8 Million – Oct. 4, 2021 – CA
- $687.8 Million – Oct. 27, 2018 – IA, NY
- $672 Million (est.) – **CURRENT DRAWING 9/19/23)
As always, I like to break down numbers and stats for Texas Lottery scratch tickets. So I thought it would be fun to break down the new $5 Dallas Cowboy scratch-off ticket, by the numbers! What are the odds? What is the top prize? Scroll down to see a detailed explanation of the prize distribution. Even if you don't win on your initial scratch, there is a second chance drawing for this ticket. Click for details.
GAME 2500 - DALLAS COWBOYS:
There are 75 tickets in a full book of $5 Dallas Cowboys tickets. The total cost of the book is $375. The guaranteed payout on a book is $185. This means if you buy a whole book, there is a good chance of losing $190 unless you find one of those lucky ones. Here are what those odds are:
A break-even $5 winner is found at least 9 times in every book(75). The odds are 1 in 8.04
A $10.00 winner is found at least 3 times in every book. The odds are 1 in 19.57
A $15.00 winner is found at least 3 times in every book. The odds are 1 in 25
A $20.00 winner is found at least 3 times in every book. The odds are 1 in 25
A $50.00 winner is found approximately 1 time in every 2 books. The odds are 1 in 128.57
A $100 winner is found approximately once in every 17 books. The odds are 1 in 1285.71
A $500 winner is found approximately once in every 342 books. The odds are 1 in 25,741.29
A $5000 winner is found approximately once in every 4,800 books. The odds are 1 in 360,000
A $100,000 jackpot winner is round approximately once in every 32,400 books. The odds are 1 in 2,430,000. There are 4 top-prize tickets in this game!
GOOD LUCK AND PLAY RESPONSIBLY!
All information is courtesy of the Texas Lottery website.