Powerball Jackpot Swells to $1.5 Billion; Cash Payout Would Be $930 Million


People buying Powerball their lottery tickets at Bluebird Liquor store in Hawthorne on Jan. 8, 2016. (Irfan Khan / Los Angeles Times)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Powerball players have spent a total of $2.26 billion on tickets since the last time there was a winner in November.

The jackpot hit $1.5 billion on Tuesday morning after Saturday night’s drawing failed to produce a winner.

That marked the 19th without a grand prize winner. The next drawing will be Wednesday night at 10:59 pm ET.

The jackpot has been accruing since Nov. 4, 2015, when the last Powerball jackpot was claimed by a winner in Tennessee.

This jackpot first broke into the top 10 largest of all time when it hit $400 million on January 3. It hit the billion dollar mark about a week after that.

If there’s no winner in Wednesday’s drawing, the pot will continue to climb into unheard of amounts.

The previous record U.S. lottery jackpot was a Mega Millions game in March 2012 that paid out $656 million.

The current cash payout is $930 million. Only a ticket holder who opts to collect the jackpot in annual payments will gets the entire $1.5 billion.

The odds of winning are 1 in 292 million, and the chances of winning the jackpot got slimmer when Powerball implemented a rule change in October 2015.

Powerball is sold in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Most Popular

Latest News

More News