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US Powerball jackpot grows to world’s ninth-largest lottery prize at $1.04bn

An estimated $1.04bn Powerball jackpot will be up for grabs on Monday night, tempting players to spend a couple dollars on a long shot chance at instant riches.

The prize is the world’s ninth-largest lottery prize behind earlier drawings of Powerball and Mega Millions, the other nearly nationwide lottery game. The jackpot is the fourth largest in the history of Powerball.

The prize has grown so large because there have been 32 consecutive drawings since someone matched all five white balls and the Powerball to win the jackpot, dating back to 19 July.

That losing streak reflects the stunningly long odds of winning the jackpot, at one in 292.2m.

The $1.04bn 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 Monday night’s drawing would be an estimated $478.2m.

A Powerball ticket costs $2 in most states, and players can pick their own numbers or have a computer make the selection.

Powerball is played in 45 states as well as Washington DC, Puerto Rico and the US Virgin Islands.

In November last year, the game produced the largest US lottery prize ever: a jackpot of $2.04bn won in 2022 by a player in California.

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The Mega Millions in August produced the third-largest US lottery prize: a jackpot of $1.58bn won by a player in Florida.