5th time a lottery jackpot has reached $1 billion
By Todd Northrop
The most commonly-heard phrase this week just might be, "Did you get Powerball tickets?"
That's because nobody won the Powerball multi-state lottery drawing Saturday night, sending the Monday jackpot to heights only seen once before in the game's history.
Monday's Powerball jackpot is currently estimated at $1 billion, with a lump-sum cash value of $497.3 million. And based on past multi-state lottery jackpots, that estimate may get bigger by the time the drawing kicks off Monday night.
To get to this size, the jackpot has been growing since it started on Aug. 6 as a $20 million prize — now 37 consecutive drawings without a winner.
Monday's $1 billion Powerball jackpot is the 2nd-largest in the game's history, and the 5th-largest lottery jackpot in world history. The largest lottery jackpot ever awarded was on January 13, 2016, when three tickets from California, Florida, and Tennessee shared a $1.6 billion Powerball jackpot.
Mega Millions holds the record for the largest-ever jackpot — valued at $1.537 billion — awarded to a single winning ticket, which was claimed anonymously in South Carolina. (That jackpot is serendipitously also in the news this week, as Lottery Post published a feature video about the "Lottery Lawyer" who ripped off the anonymous winner of that Mega Millions jackpot for millions of dollars.)
The lump-sum cash value of $497.3 million is the 6th-largest on the all-time lottery jackpot cash value rankings (see full list below).
Lottery players dreaming what all the cash will look like in their bank account after federal and state taxes are taken out can see an after-tax analysis of the current Powerball jackpot by visiting USA Mega's Powerball Jackpot Analysis page. Rather than simply showing the initial withholdings a lottery winner would face like other "copy cat" websites, the Jackpot Analysis page also includes the additional taxes that will be due after the initial withholdings, and will even allow players to see the taxes due under different filing statuses.
The rush of ticket sales over the next few days likely will propel the jackpot to an even higher amount before the drawing takes place Monday. Lottery Post and USA Mega will update the jackpot tallies displayed if such an increase occurs.
The quickest way to find the winning numbers after the drawing Monday will be by visiting USA Mega (www.usamega.com) at 10:59 pm Eastern Time (7:59 pm Pacific), when the winning numbers will be published live as they are drawn.
Players looking for the nearest official lottery retailer — or maybe just a different store without such a long line — are urged to use the free Lottery Places app available for iOS, Android, and Windows. The app can find lottery stores in every Powerball state and can search across state lines — something even official state lotteries can't do.
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.
In Saturday night's Powerball drawing, there was no jackpot winner, but 7 lucky players matched the first 5 numbers for a $1,000,000 prize: 2 from California, 1 from Florida, 1 from Maryland, 2 from Michigan, and 1 from Texas.
The California second-prize winners will be awarded $552,641 each instead of the fixed $1 million prize awarded in the other states. By law, California awards all lottery prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold within California and the number of tickets that won at each prize level in the state.
Out of all the second-prize tickets, only the one sold in Florida was purchased with the Power Play option, doubling their prize 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.
The Power Play option is not available in California, because the fixed nature of the prize increase offered with the Power Play is not compatible with California's pari-mutuel payouts.
Also, a total of 97 tickets matched four of the first five numbers plus the Powerball to win a $50,000 prize. Of those tickets, 17 were purchased with the Power Play option, increasing the prize to $150,000, and 17 were sold in California, where the prize awarded this drawing is $16,644.
The Powerball winning numbers for Saturday, October 29, 2022, were 19, 31, 40, 46, and 57, with Mega Ball number 23. The Power Play number was 3.
The Saturday Double Play drawing results were 9, 13, 31, 35, and 37, with Powerball number 1. 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.
Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $177.7 million from its previous amount of $822.3 million. The cash value was raised by $88.4 million from its previous amount of $408.9 million.
Powerball is currently offered for sale in 45 states, plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings are Mondays, Wednesdays, and Saturdays at 10:59 pm Eastern Time. Tickets cost $2 each.
Top 25 United States lottery jackpots of all time
Monday's Powerball jackpot currently stands as the 5th-largest lottery jackpot in world history. 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.
- Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
- Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
- Mega Millions: $1.337 billion, Jul. 29, 2022 (29 rollovers, starting at $20 million) - Illinois
- Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
- Powerball: $1 billion, Oct. 31, 2022 (37 rollovers, starting at $20 million) - Prelimiary estimate, not won yet
- Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
- Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
- Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
- Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
- Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
- Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
- Mega Millions: $648 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
- Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
- Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
- Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
- Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
- Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
- Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
- Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
- Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey
- Mega Millions: $522 million, Jun. 7, 2019 (24 rollovers, starting at $40 million) - California
- Mega Millions: $516 million, May 21, 2021 (26 rollovers, starting at $20 million) - Pennsylvania
- Mega Millions: $502 million, Oct. 14, 2022 (21 rollovers, starting at $20 million) - California, Florida
- Powerball: $487 million, Jul. 30, 2016 (23 rollovers, starting at $40 million) - New Hampshire
- Powerball: $473.1 million, Apr. 27, 2022 (30 rollovers, starting at $20 million) - Arizona
For those keeping score, 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.
Looking at the cash value, the upcoming Powerball jackpot ranks as the 6th-largest cash value in world history.
- Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
- Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
- Mega Millions: $780.5 million cash, Jul. 29, 2022 ($1.337 billion annuity) - Illinois
- Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
- Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
- Powerball: $497.3 million cash, Oct 31, 2022 ($1 billion annuity) - Prelimiary estimate, not won yet
- Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
- Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
- Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
- Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
- Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
- Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
- Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
- Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
- Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
- Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
- Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
- Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
- Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
- Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
- Mega Millions: $340 million cash, Jun. 7, 2019 ($522 million annuity) - California
- Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
- Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
- Mega Millions: $319.9 million cash, Jun. 9, 2020 ($414 million annuity) - Arizona
- Mega Millions: $314.4 million cash, Sep. 21, 2021 ($431 million annuity) - New York
The number of cash value jackpots in the top 25, by lottery game, are:
- Mega Millions: 13
- Powerball: 12
had #23 4 times..haven't won any white balls in a long time
well, what state will win this time?
19-46 have it 3 times in last cple draws, what's up with that?
Good luck on Monday!
Wouldn't it be great if this prize was won by a regular Lottery Post member? Best of luck to you all tomorrow night. This could be a great Halloween.
I'll see what I can do.
would be even better if the LP winner lived in an anonymous state
Spooky Dreams & best of luck
Let seeeeeeeeeee..... Big jackpot was split with 3 states....Sooooo, #5 jackpot should be a single winner,
....Just gimme that T for Tennessee
Best of luck to all LP members that choose to participate.
I've purchased a few tickets, but not recently, at the Shell station in New Buffalo, Michigan, where someone just won $1 million. Pretty sure it's the first gas station you encounter if you're entering the state via I-94, and it's often busy with people from across the Midwest. Congrats to that winner and the others, and good luck to anyone who's playing again.
Saw that too
On 10/27 NY Take 5 had the same exact numbers come day and eve..
Imagine if the same thing happened in Powerball for the Billion $$ jackpot.
I wonder if it's worth playing from IL considering someone just won 1.3 bil from here...
People do replay but unlikely with the odds
I'm gonna get in the game tomorrow! Good luck to all players!
Glad, I'm at home in SC.
I'll play 10 tickets and wake up filthy rich lol.
I only have 8. Maybe I'll grab 3 more tomorrow just to beat you.
Turning A $2 Powerball Ticket Into $1 Billion.
I don't know why everybody say 1 billion...The cash you will get just less than 1/3 of 1 billion after tax.Be honest !
Except you can actually claim a $1 billion annuity if you wish.
Now, that's rare. wow. just heard about this happening in N.Y.C. both evening and daytime,
produced the "exact" same numbers, in their cash five(take 5)that's a rarity for sure.
I am wondering if people played them back? Would be great if some 1 did win in NY same #s day and evening both!
and
Good luck to all playing PB. I might only since it is so high,but as dad say,
it's rigged,(when it's so high over 100 million but, yet only 1 person win the (big one) however,
if i DO NOT play 1 or 2 to "try at this huge P-ball on Monday/Wed.
I hope SOMEONE in our Lottery post family does win!!!
If I can figure out certain digits $1 million will be fine
Since no one wanted to win I'll just win the jackpot tomorrow 😂
Agree with this.
Someone that won a big jackpot many years ago sued his state lottery commission saying that advertising the annuity value is false advertising. Judge said he can return the winning ticket for a refund.
"Imagine if the same thing happened in Powerball for the Billion $$ jackpot. "
Those 52 winner in NY represent roughly 1 of every 10,000 tickets for that drawing. To reach an even billion will require selling about 130 million tickets, so if 1 of every 10,000 used the numbers from the previous drawing we'd have about 13,000 winners. They'd each get about $38,253 before taxes. I wonder how many would quit their jobs before finding out they need a job to pay the bills?
"The cash you will get just less than 1/3 of 1 billion after tax. "
It's obviously $497,300 and not a billion dollars. If you're greedy (or think you don't need advisors) you could lose half of that to taxes in some states, and keep less than 1/4 of the advertised jackpot, but you can also end up with a lot more than 1/3. If I win it all I'll get and pay about $32 million in taxes (including fairly high state tax).
"Except you can actually claim a $1 billion annuity if you wish. "
If you sold your house for $250,000 would you accept a $250,000 back-weighted annuity because you that's the same thing as $250,000?
In TX, if you take the annuity, they have to announce tour name n city after 30 days
if am lucky, doing annuity bcuz don't want to worry abt managing $260mil after all taxes
want peace of mind
Somebody better win this because while I don't like playing PB, I'm compelled.
Just updated my KLC acct with a new credit card #.
Now that the KLC somehow got location blocked, that was disabled and purchase allowed to go through.
For those who gripe about it not really being the advertised amount---who cares? A big win is better than nothing.
Perhaps, you could influence them a bit and get them to rename it "The after-tax lottery". May require a few minor adjustments
I might not have understood you right.
Even though picking the cash option would give you perfect anonymity, if you win the lottery in Texas, your plan is to take the annuity since you're anxious about managing the after-tax lump sum.
If only there were a team of people you could pay or have on retainer who's main profession is to manage their client's estate. /S
Personally, I'd go with law firm "Davis Polk & Wardwell" due to:
Law Firm of the Year in 2021
Davis Polk & Wardwell revenue is $1.8B annually. .
Davis Polk & Wardwell has 1,500 employees, and the revenue per employee ratio is $1,180,000.
Davis Polk & Wardwell peak revenue was $1.8B in 2021
It comes out to tonight