Financial News

Powerball jackpot climbs to $750M, 6th largest in history

The Powerball jackpot topped $750 million before Wednesday night's drawing, making it the sixth-largest prize in the game's history since no one has won the prize since April.

The Powerball lottery jackpot swelled to $750 million ahead of Wednesday's drawing, the sixth-largest drawing in history after months of no winners.

The cash portion, if there is one lucky winner, $378.8 million after taxes, according to Powerball officials. 

The winning numbers were 23, 35, 45, 66, 67 and a Powerball of 20.

If somebody wins Wednesday night jackpot, the lucky winner has the option to either collect their winnings in annual installments or receive a lump sum cash payment of $378.8 million before taxes, according to Powerball. 

If a winner opts for the annuity, they would receive an initial payment, followed by 29 annual payments that increase by 5% each year.

MEGA MILLIONS SOARS TO $500 MILLION, AFTER 3 MONTHS OF NO WINNERS

The last Powerball jackpot was won on April 19 when a ticket in Ohio matched all five white balls and the red Powerball to win a prize worth $252.6 million.

In November 2022, a single ticket sold in California won the largest Powerball jackpot on record, worth $2.04 billion, after matching all six numbers. 

IOWA FARMER WINS $390K LOTTERY PRIZE HOURS AFTER PROPOSING TO GIRLFRIEND: ‘READY FOR THE NEXT PARTS OF LIFE’

The odds of hitting the grand prize jackpot are 1 in 292.2 million.

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Powerball tickets cost $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The deadline for purchasing a ticket is 9:45 p.m. on draw nights.

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