$835 MILLION: Powerball jackpot set to deliver ultra-wealth

Sep 26, 2023, 6:58 am (57 comments)

Powerball

9th-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 $835 million for the current Powerball annuity jackpot estimate was achieved after no winning tickets were sold for Monday night's $793.6 million grand prize.

It is the 9th-highest lottery jackpot in history, and the 4th-largest Powerball jackpot ever.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $390.4 million — the 17th-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 Nov. 7, 2022, when one ticket sold in California won a $2 billion grand prize.  The incredibly lucky winner was Edwin Castro, who claimed the prize in February of 2023, providing minimal public information about himself.  What little is known about Castro comes from public filings, and includes the purchases of house one, two, and three, as well as being the subject of dubious lawsuits that are unfortunately predictable these days.

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 Monday's drawing was $785 million, but by the time all the proceeds were counted just before draw-time, the jackpot had swelled to $793.6 million.

Wednesday's mammoth prize is the result of 29 consecutive draws without a winner.  The run-up started as a $20 million prize on July 22.

Some states offer direct online sales, allowing players to bypass the store and purchase tickets from home. Players can see if they can play Powerball online by tapping the link. Depending on the physical location of the person, the link will either provide access via a licensed butler service or the official state lottery itself.

Butler services provide scanned copies of the purchased lottery tickets securely held on behalf of the customer. In the past, such lottery ticket services were used by people out side the USA to win big jackpots in Oregon and Florida.

The winning numbers for Monday, Sep. 25, 2023 were 10, 12, 22, 36, and 50, with Powerball number 4.  The Power Play number was 2.

The Monday Double Play drawing results were 5, 16, 18, 38, and 40, with Powerball number 19. Double Play is a game option currently available in 18 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 and a list of states that offer the add-on game.

Even though nobody won the jackpot Monday, 4 lucky players matched the first 5 numbers for a $1,000,000 prize: 3 from Florida and 1 from Oregon. None of the second-prize winners purchased the Power Play option. If they had, their prize would have been increased 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 Monday drawing, 38 tickets matched four white numbers plus the Powerball and won $50,000. Of those tickets, 6 were purchased with the Power Play option, increasing the prize to $100,000, and 2 of the tickets was sold in California, where the prize was worth $43,646 this drawing.

Following the Monday drawing, the Powerball annuity jackpot estimate was raised $41.4 million from its previous amount of $793.6 million and the cash value was raised by $19.4 million from its previous amount of $371 million.

The next Powerball drawing will take place Wednesday 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

Wednesday's Powerball jackpot currently stands as the 9th-largest lottery jackpot of all time in the United States.  That position is unlikely to change before draw-time, since the next-highest jackpot is more than $1 billion.

  1. Powerball: $2.0401 billion, Nov. 7, 2022 (40 rollovers, starting at $20 million) - California
  2. Mega Millions: $1.602 billion, Aug. 8, 2023 (31 rollovers, starting at $20 million) - Florida
  3. Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
  4. Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
  5. Mega Millions: $1.348 billion, Jan. 13, 2023 (25 rollovers, starting at $20 million) - Maine
  6. Mega Millions: $1.337 billion, Jul. 29, 2022 (29 rollovers, starting at $20 million) - Illinois
  7. Powerball: $1.0798 billion, Jul. 19, 2023 (38 rollovers, starting at $20 million) - California
  8. Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
  9. Powerball: $835 million, Sep. 27, 2023 (29 rollovers, starting at $20 million) - Preliminary estimate, not won yet
  10. Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
  11. Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
  12. Powerball: $754.6 million, Feb. 6, 2023 (33 rollovers, starting at $20 million) - Washington
  13. Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
  14. Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
  15. Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
  16. Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
  17. Mega Millions: $648 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
  18. Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
  19. Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
  20. Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
  21. Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
  22. Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
  23. Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
  24. Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
  25. Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey

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

  • Powerball: 15
  • Mega Millions: 10

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 17th-largest cash value in U.S. history.

  1. Powerball: $997.6 million cash, Nov. 7, 2022 ($2.0401 billion annuity) - California
  2. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  3. Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
  4. Mega Millions: $794.2 million cash, Aug. 8, 2023 ($1.602 billion annuity) - Florida
  5. Mega Millions: $780.5 million cash, Jul. 29, 2022 ($1.337 billion annuity) - Illinois
  6. Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
  7. Mega Millions: $723.5 million cash, Jan. 13, 2023 ($1.348 billion annuity) - Maine
  8. Powerball: $558.1 million cash, Jul. 19, 2023 ($1.0798 billion annuity) - California
  9. Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
  10. Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
  11. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  12. Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
  13. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  14. Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
  15. Powerball: $407.2 million cash, Feb. 6, 2023 ($754.6 million annuity) - Washington
  16. Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
  17. Powerball: $390.4 million cash, Sep. 27, 2023 ($835 million annuity) - Preliminary estimate, not won yet
  18. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  19. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  20. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  21. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  22. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  23. Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
  24. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
  25. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire

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

  • Powerball: 16
  • Mega Millions: 9

Lottery Post Staff

Comments

hearsetrax's avatarhearsetrax

heisenberg991

I really need to hit this tomorrow. Real bad.

MichiganJim

Both MegaMillions and Powerball love high interest rates. Two years ago this month, a $390M cash payout would have had an advertised jackpot of about $540M (almost $300M less than Wednesday's advertised amount).

Personally, I think lotteries should be required to advertise the cash payout (with a note indicating what the winner would get if he/she took a 30-year payout). But I won't hold my breath waiting for that to happen.

CDanaT's avatarCDanaT

It is a nice $$ figure to take home(Cash Value)....Bit disappointing on the ratio being under 47%. Marketing ploys are enticing aren't they ??  Good luck to all of the LP folks that are participating tomorrow nights draw.(or tonight if you are in the MM draw)

Petrust99

Quote: Originally posted by MichiganJim on Sep 26, 2023

Both MegaMillions and Powerball love high interest rates. Two years ago this month, a $390M cash payout would have had an advertised jackpot of about $540M (almost $300M less than Wednesday's advertised amount).

Personally, I think lotteries should be required to advertise the cash payout (with a note indicating what the winner would get if he/she took a 30-year payout). But I won't hold my breath waiting for that to happen.

Totally agreed !They must learn the way the rest of the world doing about lotteries,be honest !

Wildbill78's avatarWildbill78

I guess I'll hand over my hard earned $3. I get so frustrated knowing the greedy lottery people is taking my money because it's controlled but hey you have to take a chance on something when it's this level for hope and dreams. I could be wrong about it being rigged or controlled but I see to many patterns. By the way someone asked me a interesting question "Hey Will, why don't the ghetto never wins the lottery. They spend just as much as a average working class family. They're the ones building it up for hopes and dreams" I said very interesting. You got a point there. All big winners never near the ghetto. Always in out skirts and small towns 🤔

jjtheprince14

I'm predicting it rolls to around $3.8 billion before anyone wins.

noise-gate

Quote: Originally posted by jjtheprince14 on Sep 26, 2023

I'm predicting it rolls to around $3.8 billion before anyone wins.

* Your positivity in this case is truly infectious Prince of thieves.

Infraredsight

I picked up three draws worth so hopefully one of them will be the lucky one. Let's go!

dickblow

here we go again watch only one winner from Califoria or Flordia it fixed

noise-gate

Quote: Originally posted by dickblow on Sep 26, 2023

here we go again watch only one winner from Califoria or Flordia it fixed

* As it should be dick.

American Indian's avatarAmerican Indian

Quote: Originally posted by heisenberg991 on Sep 26, 2023

I really need to hit this tomorrow. Real bad.

Yeah well so do we and I'm SURE MANY OTHERS DO ALSO! 

I'm about to lose My Child due to a Fast Progressing Disease, Hit us like a ton of bricks.... I just want to be able to keep our power on and food on the table at this point. And Yes Paying our other Bills would be Nice too... Material things have never been Important to Us, we just Love Being together.

What we want most of All Is more time together we have always been a very close three Generation family. And trust me the 3 of us have Fought very hard to get where we are now then for this to Happen.

hearsetrax's avatarhearsetrax

Quote: Originally posted by American Indian on Sep 26, 2023

Yeah well so do we and I'm SURE MANY OTHERS DO ALSO! 

I'm about to lose My Child due to a Fast Progressing Disease, Hit us like a ton of bricks.... I just want to be able to keep our power on and food on the table at this point. And Yes Paying our other Bills would be Nice too... Material things have never been Important to Us, we just Love Being together.

What we want most of All Is more time together we have always been a very close three Generation family. And trust me the 3 of us have Fought very hard to get where we are now then for this to Happen.

life at best and worst is indeed unpredictable 

I wish your child all the best 🍵

American Indian's avatarAmerican Indian

I'm REALLY getting tired of these BILLION $$$ Drawings/Multi Billion.

Even a Hundred Million or less would be enough. 

I do wish they would go back to Lower amount winners. this is Ridiculous!

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