The Powerball jackpot stands at an estimated $750 million with a cash option of $338.6 million, ranking as the 10th largest ever. The next drawing is Monday night, marking the 37th drawing since the jackpot was last won on May 31 in California. The odds of winning the jackpot are 1 in 292.2 million. Two tickets matched five numbers and won $1 million in New York and Maine, while a South Dakota ticket with Power Play won $2 million. Winners can choose a $750 million annuity paid as one initial payment plus 29 annual payments increasing 5% yearly, or the $338.6 million lump sum. Recent winners this year included prizes of $204.5 million (Arleta), $515 million (March), $328.5 million (Oregon, January) and $167.3 million (Kentucky, April).
The latest Powerball jackpot has become the 10th largest ever, with an estimated prize of $750 million and a cash value of $338.6 million. The next drawing is Monday night and will be the 37th drawing since the jackpot was last won May 31 in California, according to a Powerball news release. The odds of winning the jackpot are 1 in 292.2 million.
If someone wins Monday's jackpot, they can choose between periodic payments totaling $750 million or a lump sum payment estimated at $338.6 million, according to the release. If the winner picks the first option, they'll get one payment followed by 29 annual payments that increase by 5% every year. The most recent Powerball jackpot winner was announced in June, when a lucky player bought a Powerball ticket worth $204.5 million that was sold at a 7-Eleven on Woodman Avenue in Arleta.
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