The Powerball® jackpot has reached an estimated $1 billion ($497.3 million cash) for the next drawing on Monday, Oct. 31. This is the second time in Powerball’s 30-year history that the advertised jackpot has reached $1 billion.
If a player wins Monday’s jackpot, it will be the second largest jackpot in Powerball history, only behind the world record $1.586 billion Powerball jackpot, and fifth largest jackpot in U.S. lottery history.
Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 pm from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live streamed online at
For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times! The multiplier number is randomly selected just before each drawing. The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less.
Did you know your odds of winning a prize are the same in every Powerball drawing?
You have a 1 in 24.9 chance of winning a prize when the advertised jackpot is $40 million.
You still have a 1 in 24.9 chance of winning a prize when the advertised jackpot is $1 billion.
Even if there are more tickets sold in a particular drawing, your odds of winning a prize are the same.
Jackpot winners can either select their prize as an annuity or a lump-sum payment.
If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years.
The annual payments increase by 5% until the 30th and final payment.
The 30 payments added up equal the value of the annuity.
