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Powerball’s grand prize has reached $1 billion less than a week after one lucky winner snagged a $1.13 billion Mega Millions jackpot on March 26.
WASHINGTON — It’s not an April Fool’s joke: Monday’s Powerball jackpot jumped to $1 billion before the drawing as the massive prize lures in more players hoping for a shot at the life-changing windfall.
Numbers for the massive jackpot were drawn Monday. They were: 19-24-40-42-56, Powerball 23 and Power Play multiplier 2X.
It wasn’t immediately known whether anyone hit the jackpot.
Powerball’s grand prize reached $1 billion less than a week after one lucky winner snagged a $1.13 billion Mega Millions jackpot on March 26.
No one has won Powerball’s top prize since New Year’s Day, amounting to 38 consecutive drawings without a jackpot winner. That streak without a winner is nearing the record number of 41 consecutive drawings, set twice in 2022 and 2021.
The game’s long odds of 1 in 292.2 million makes it a rare jackpot. By making the top prizes hard to hit, jackpots can grow large and then attract more sales.
The $975 million prize is for a sole winner who chooses an annuity, paid over 30 years. Winners typically opt for the lump-sum cash option instead. The prizes would be subject to federal taxes, and many states also tax lottery winnings.
Winning Powerball numbers for Monday, April 1, 2024
The winning numbers for Saturday’s drawing were 19-24-40-42-56, Powerball 23 and Power Play multiplier 2X.
If a winner matches all five numbers and the Powerball, they have the option to take the full jackpot paid out over 30 years, or a smaller cash payout. Winners almost always take the cash option.
Even with the smaller lump sum payout, federal taxes will eat into those winnings, and some states also tax big lottery prizes. Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
When is the Powerball drawing?
The Powerball drawing takes place live at 10:59 p.m. Eastern every Monday, Wednesday and Saturday. Tickets, which cost $2 per play, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
What are the odds of winning the Powerball?
The odds of winning the Powerball jackpot are one in 292.2 million.
Over the past few years, huge lottery jackpots have become more common as lottery officials have changed the rules and ticket prices to boost top prizes.
Powerball’s biggest change came in 2021 when officials decided to add a Monday drawing to its weekly lineup of Wednesday and Saturday evening drawings. At the time of the announcement, Powerball proclaimed the addition of the Monday drawing would lead to “larger, faster-growing jackpots.”
What are the largest Powerball jackpots?
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.765 Billion – Oct. 11, 2023 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.08 Billion – July 19, 2023 – CA
- $1 Billion (est.) – April 1, 2024
- $842.4 Million – January 1, 2024 – MI
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 – WA
- $731.1 Million – Jan. 20, 2021 – MD
What are the largest US lottery jackpots ever won?
- $2.04 billion: Powerball – Nov. 7, 2022 – CA
- $1.76 billion – Oct. 11, 2023
- $1.586 billion: Powerball – Jan. 13, 2016 – CA, FL, TN
- $1.58 billion: Mega Millions – Aug. 8, 2023 – FL
- $1.537 billion: Mega Millions – Oct. 23, 2018 – SC
- $1.35 billion: Mega Millions – Jan. 13, 2023 – ME
- $1.337 billion: Mega Millions – July 29, 2022 – IL
- $1.13 billion: Mega Millions – March 26, 2024 – NJ
- $1.08 billion: Powerball – July 19, 2023 – CA
- $1.05 billion: Mega Millions – Jan. 22, 2021 – MI
- $951.1 Million (est.): Powerball – March 30, 2024
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