$800 MILLION: Powerball lottery jackpot surges on rollover

Oct 27, 2022, 7:13 am (36 comments)

Powerball

5th-largest jackpot in US history

By Todd Northrop

This week Powerball is the hot ticket, featuring a massive jackpot that is approaching a billion dollars.

The new high-water mark of $800 million for the current Powerball annuity jackpot estimate was achieved after no winning tickets were sold for Wednesday night's $715.3 million grand prize.

It is the 5th-highest lottery jackpot in history, and the 2nd-largest Powerball jackpot ever.

The lump-sum cash payout value of Saturday's Powerball jackpot is $383.7 million — the 13th-largest ever recorded in United States lottery history.  (See top 25 annuity and cash values below.)

Players looking to calculate what they would receive after the initial federal and state tax withholdings can find it all pre-calculated for each Powerball jurisdiction on the Jackpot Analysis page at USA Mega, a web site devoted to the Powerball and Mega Millions multi-state lottery games.

The largest Powerball jackpot ever awarded was on January 13, 2016, when three tickets from California, Florida, and Tennessee shared a $1.6 billion grand prize.  The Florida and Tennessee winners claimed their prizes quickly, but the California winner waited about six months to claim their share.

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.  For example, the original estimate for Wednesday's drawing was $700 million, but by the time all the proceeds were counted just before draw-time, the jackpot had swelled to $715.3 million.

Saturday's mammoth prize is the result of 36 consecutive draws without a winner.  The run-up started as a $20 million prize on Aug. 6.

Some states offer direct online sales, allowing players to bypass the store and purchase tickets from home. States that offer this ability include Colorado (Mega Millions and Powerball), Michigan (Mega Millions and Powerball), Minnesota (Mega Millions and Powerball), Oregon (Mega Millions and Powerball), Texas (Mega Millions and Powerball), and Virginia (Mega Millions and Powerball). Note that some of these links will only work properly for residents of the states mentioned.

Players outside the USA can use a reputable butler service, which provides scanned copies of the purchased lottery tickets securely held on behalf of the customer. In the past, the lottery ticket service was used by people out side the USA to win big jackpots in Oregon and Florida.

The winning numbers for Wednesday, Oct. 26, 2022 were 19, 36, 37, 46, and 56, with Powerball number 24.  The Power Play number was 2.

The Wednesday Double Play drawing results were 5, 36, 38, 39, and 54, with Powerball number 19. Double Play is a game option currently available in 14 states that lets you play your numbers in a second drawing for an extra $1 per play, with a chance to win up to $10 million in cash. See How to Play Powerball at USA Mega for more information about Double Play.

Even though nobody won the jackpot Wednesday, 6 lucky players matched the first 5 numbers for a $1,000,000 prize: 2 from California, 1 from Connecticut, 1 from Illinois, 1 from Michigan, and 1 from New York. (The two California winners will be awarded $1,556,855 each due to the state's pari-mutuel payouts.)

None of the second-prize winners purchased the Power Play option. If they had, their prize would have been doubled to $2 million.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, a second-prize win is doubled and any other non-jackpot prize is multplied by the Power Play number drawn that evening. A complete list of prizes available for matching various numbers can be found on the Powerball Drawing Detail page at USA Mega, as well as on the Powerball Prize Payouts and the Powerball Double Play Prize Payouts pages at Lottery Post.

Power Play is not available in California, because the fixed nature of the prize increase offered in Power Play is not compatible with California's pari-mutuel payouts. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

Also in the Wednesday drawing, 60 tickets matched four white numbers plus the Powerball and won $50,000. Of those tickets, 11 were purchased with the Power Play option, increasing the prize to $100,000, and 5 of the tickets were sold in California, where the prize was worth $31,421 this drawing.

Following the Wednesday drawing, the Powerball annuity jackpot estimate was raised $84.7 million from its previous amount of $715.3 million and the cash value was raised by $40.6 million from its previous amount of $343.1 million.

The next Powerball drawing will take place Saturday night at 10:59 pm Eastern Time.

Powerball is played in 45 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.  Drawings are Mondays, Wednesdays, and Saturdays at 10:59 p.m. Eastern Time.  Tickets cost $2 each.

Powerball lottery results are published within minutes of the drawing at USA Mega (www.usamega.com).  The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Saturday's Powerball jackpot currently stands as the 5th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
  2. Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
  3. Mega Millions: $1.337 billion, Jul. 29, 2022 (29 rollovers, starting at $20 million) - Illinois
  4. Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
  5. Powerball: $800 million, Oct 29, 2022 (36 rollovers, starting at $20 million) - Prelimiary estimate, not won yet
  6. Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
  7. Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
  8. Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
  9. Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
  10. Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
  11. Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
  12. Mega Millions: $648 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
  13. Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
  14. Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
  15. Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
  16. Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
  17. Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
  18. Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
  19. Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
  20. Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey
  21. Mega Millions: $522 million, Jun. 7, 2019 (24 rollovers, starting at $40 million) - California
  22. Mega Millions: $516 million, May 21, 2021 (26 rollovers, starting at $20 million) - Pennsylvania
  23. Mega Millions: $502 million, Oct. 14, 2022 (21 rollovers, starting at $20 million) - California, Florida
  24. Powerball: $487 million, Jul. 30, 2016 (23 rollovers, starting at $40 million) - New Hampshire
  25. Powerball: $473.1 million, Apr. 27, 2022 (30 rollovers, starting at $20 million) - Arizona

The number of jackpots in the top 25, by lottery game, are:

  • Powerball: 14
  • Mega Millions: 11

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

The upcoming Powerball jackpot ranks as the 12th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
  3. Mega Millions: $780.5 million cash, Jul. 29, 2022 ($1.337 billion annuity) - Illinois
  4. Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
  5. Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
  6. Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
  7. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  8. Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
  9. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  10. Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
  11. Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
  12. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  13. Powerball: $383.7 million cash, Oct 29, 2022 ($800 million annuity) - Prelimiary estimate, not won yet
  14. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  15. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  16. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  17. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  18. Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
  19. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
  20. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  21. Mega Millions: $340 million cash, Jun. 7, 2019 ($522 million annuity) - California
  22. Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
  23. Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
  24. Mega Millions: $319.9 million cash, Jun. 9, 2020 ($414 million annuity) - Arizona
  25. Mega Millions: $314.4 million cash, Sep. 21, 2021 ($431 million annuity) - New York

The number of jackpot cash values in the top 25, by lottery game, are:

  • Powerball: 12
  • Mega Millions: 13

Lottery Post Staff

Comments

Bleudog101

Yesterday was sitting in a busy lottery store in Shelbyville, KY.  They have three self serve lottery machines and one clerk operated one.

Looked @ the left machine.  Said $10 credit so played MM, PB and gave me friend whom I was waiting for one PB ticket.  All three bought with multipliers.

OTOH feeling awful getting my first mRNA Covid-19 vaccine yesterday.   Rough night!  Interesting had read an article that said folks like me who get ill from vaccines actually have better vaccine response.  Been saying that for over two years and now Science backs me up.

EnReval

Well, this will occupy us for a cple days! That inflation is a mess

what you gonna invest in if taken cash?

thinking annuity but don't want name announced after 30days here in TX

Ridley

Thanks for the update. I hope my ticket is the  Illinois million dollar winner, but can't check quite yet.

If I win on Saturday, I'll take the lump sum straight away. As far as investments, about a quarter will go directly into a mix of beaten down assets, with another quarter going into bonds, one quarter earmarked to dollar cost average into indices over the next year to two years, and the last quarter to stay in cash. Splurges would include  a modest home, a Wagoneer or Sequoia, and a getaway, maybe Japan.

Thanks Lottery Post, and good luck to everyone!

scorpio45

i can see why no one wins,i bought 5 tickets and only one number hit outa all those numbers,kinda sickening.

THRIFTY's avatarTHRIFTY

01 02 03 04 05 + 06

wander73's avatarwander73

Quote: Originally posted by THRIFTY on Oct 27, 2022

01 02 03 04 05 + 06

lol not happening.

PrisonerSix

It will roll higher before Saturday for sure. Just how much is the question.

jjtheprince14

I'm glad no one in the cheater states won!

hearsetrax's avatarhearsetrax

Quote: Originally posted by scorpio45 on Oct 27, 2022

i can see why no one wins,i bought 5 tickets and only one number hit outa all those numbers,kinda sickening.

quit your whining !!! 

you did better then me I had a pair of tickets and got nothing but more scrap paper 

onward and upwards we go

vcme99

Why is the cash amount so much less then only a few months ago.  In July when the annuity prize was 830 million the cash prize was 488 million. now it is only 383 million for 800 million annuity.  I would like to know why?  I know it is the powerball vs the mega million but if you go back into the  powerball history then you would see the same trend.  Why almost 100 million difference?

vcme99

I say 850

EnReval

I spent $40 and thought abt using 24 but forgot

 

not giving up but will trim to $30 lol

DDBagger519

You misspelled $cience.

EnReval

3 days to $900mil

what company gonna buy 200k tkts this time

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