Powerball: Jackpot jumps to $875M, third-largest in promotion’s history

The Powerball jackpot continues to climb toward a billion dollars as no one matched all of the numbers drawn for Wednesday’s grand prize. Saturday’s drawing will be worth $875 million.

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The winning numbers drawn Wednesday night were 23-35-45-66-67 with a red Powerball number of 20. The Power Play multiplier was 3X.

Update 12:22 a.m. EDT July 13: The jackpot for Powerball soared to $875 million as there was no grand prize winner.

That is the third-largest jackpot in the promotion’s history, according to lottery officials.

If someone matches all of the numbers in the next drawing on Saturday and selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year. If the winner decides to take the lump sum option, the cash value amount will be approximately $441.9 million before taxes.

The only higher Powerball top prizes were $2.04 billion, won in the Nov. 7, 2022, drawing and purchased in California; and $1.586 billion, won on Jan. 13, 2016, and split between three winners. Those tickets were bought in California, Florida and Tennessee.

Original report: The Powerball jackpot continues to climb toward a billion, as no one matched all five numbers and the red Powerball on Wednesday.

The jackpot for Wednesday’s drawing is the sixth-largest in the promotion’s history, lottery officials said.

The odds of a single ticket winning the Powerball jackpot are 1 in 292 million.

If someone matches all of the numbers on Wednesday and selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year. If the winner decides to take the lump sum option, the cash value amount will be approximately $378.8 million before taxes, lottery officials said. If someone does not win, Wednesday’s drawing could move closer to top-five status among Powerball jackpots.

The Powerball jackpot was last hit in the April 19, 2023, drawing, lottery officials said in a news release. That was when a ticket in Ohio matched all five white balls and the red Powerball to win a grand prize worth $252.6 million.

The Powerball jackpot has been won two other times during 2023. A player in Washington won a $754.6 million jackpot in the Feb. 6, 2023, drawing, and a player in Virginia won a $162.6 million jackpot in the March 4, 2023 drawing.

Here are the 10 largest Powerball jackpots, according to Powerball.com:

• $2.04 billion – Nov. 7, 2022 (One ticket from California)
• $1.586 billion – Jan. 13, 2016 (Three tickets from California, Florida and Tennessee)
• $875 million (estimated) – July 15, 2023, drawing
• $768.4 million – March 27, 2019 (One ticket from Wisconsin)
• $758.7 million – Aug. 23, 2017 (One ticket from Massachusetts)
• $754.6 million – Feb. 6, 2023 (One ticket from Washington)
• $731.1 million – Jan. 20, 2021 (One ticket from Maryland)
• $699.8 million – Oct. 4, 2021 (One ticket from California)
• $687.8 million – Oct. 27, 2018 (Two tickets from Iowa and New York)
• $632.6 million – Jan. 5, 2022 (One ticket from Florida)

Powerball tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Drawings are held on Mondays, Wednesdays and Saturdays at 10:59 p.m. EDT.