The Powerball jackpot has surged to an astounding $725 million, following Wednesday night’s drawing, which failed to produce a jackpot winner. This jackpot now ranks as the eighth largest in the history of the Powerball game, in what has been a year of substantial wins.
The winning numbers for the drawing on Wednesday, September 20th, were 16, 27, 59, 62, 63, with a Powerball of 23. Additionally, the Power Play multiplier for that draw was 3X. The next drawing, the 28th in the series, is scheduled for Saturday, September 23rd.
Although the grand prize remained elusive, Wednesday’s draw did yield over a million winning tickets. Among the fortunate winners were two individuals who claimed $2 million each in Georgia and Texas, along with another lucky winner who secured a $1 million prize, also in Georgia. Moreover, 25 tickets earned their holders $50,000, while 11 others celebrated $150,000 wins.
For those eager to catch the Powerball drawings, they are broadcast live and livestreamed from Tallahassee, Florida, every Monday, Wednesday, and Saturday at 10:59 p.m. EST.
So, just how much is this enticing Powerball jackpot worth? The estimated jackpot amount of $725 million boasts a cash value of approximately $345.7 million. It is noteworthy as the third-largest prize offered this year.
Winners of the jackpot have a choice: they can opt for a lump sum payment of $345.7 million or receive 30 incremental payments that will ultimately total an estimated $725 million. The odds of winning any Powerball prize stand at one in 24.9, but the chances of clinching the jackpot are a remarkable one in 292.2 million.
For those curious about the largest Powerball jackpot ever won, that distinction belongs to a staggering $2.04 billion ticket sold in California in November 2022.
In comparison, the current $725 million jackpot ranks as the third-largest this year. On February 6th, a massive $754.6 million Powerball jackpot was claimed in Washington, and in July, a jaw-dropping $1.98 billion Powerball jackpot was secured in California. The July win marked the third time the Powerball jackpot exceeded $1 billion and also marked the most recent occasion when a winning ticket was sold.
Here is a list of the top 10 Powerball jackpots to put the current $725 million prize in context:
- $2.04 Billion – November 7, 2022 – California
- $1.586 Billion – January 13, 2016 – California, Florida, Tennessee
- $1.08 Billion – July 19, 2023 – California
- $768.4 Million – March 27, 2019 – Wisconsin
- $758.7 Million – August 23, 2017 – Massachusetts
- $754.6 Million – February 6, 2023 – Washington
- $731.1 Million – January 20, 2021 – Maryland
- $725 Million (estimated) – September 23, 2023
- $699.8 Million – October 4, 2021 – California
- $687.8 Million – October 27, 2018 – Iowa, New York
As the Powerball frenzy continues to grow, countless individuals across the country are hoping to be the fortunate recipient of this substantial jackpot, which promises life-changing possibilities for the lucky winner.