Powerball jackpot rises to $1.2 billion after no big winner in Monday’s drawing

The odds of winning the top Powerball prize are 1 in 292,201,338

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Tuesday, October 3, 2023 6:28AM

Powerball jackpot rises to $1.2B after no big winner in latest drawing

DES MOINES, Iowa — The Powerball jackpot has climbed to an estimated $1.2 billion after no big winners emerged in Monday night’s drawing.

Monday’s numbers were: 12-26-27-43-47 and Powerball: 5

The jackpot for the next drawing Wednesday night will be among the largest lottery prizes of all time, behind earlier prizes in the Powerball and Mega Millions games.

The jackpot has grown so large because there have been more than 30 consecutive drawings without a big winner, dating back to July 19.

RELATED: What to consider if you win the lottery

The new $1.2 billion jackpot is for a sole winner who chooses to receive the winnings through an annuity, paid annually over 30 years. Winners nearly always pick the cash option, which for Wednesday night’s drawing would be an estimated $551 million.

The odds of winning the top Powerball prize are 1 in 292,201,338.

Retailers that sell winning Powerball tickets receive a bonus of 1 percent of the prize amount.

10 biggest Powerball, Mega Millions jackpots won in US lottery history: LIST

Winners have one year from the date of the winning draw to claim their prize.

Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

SEE ALSO: Why does the Powerball jackpot get so high?

The Associated Press contributed to this report.

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