Updated Oct 10, 2023 - Economy

Powerball jackpot grows to estimated $1.73 billion

Computer screen shows Powerball jackpot at $1.5 billion

The Powerball jackpot for Oct. 9 is an estimated $1.55 billion. Photo: Kelly Tyko/Axios

The biggest Powerball jackpot of the year is on track to be the second-largest U.S. lottery prize ever.

Driving the news: The jackpot grew to an estimated jackpot of $1.73 billion after no one matched all six numbers Monday, per the Powerball website.

  • The jackpot has an estimated cash value of $756.6 million.
  • Monday's drawing was the 35th drawing in the jackpot run, according to a Powerball news release.

Between the lines: Bigger prizes — and fewer jackpot winners — have become the norm for the past few years after the two lotteries made the games harder to win and more enticing to play.

Powerball numbers for Oct. 9 drawing

The winning numbers in Monday's drawing were 16, 34, 46, 55 and 67 with a red Powerball of 14.

Did anyone win the Powerball Monday?

The latest: Nobody matched all six numbers in Saturday's drawing, according to Powerball.

When is the next Powerball drawing?

Powerball drawings are held on Mondays, Wednesdays and Saturdays.

  • Drawings are at 10:59pm ET and broadcast on the Powerball website and television stations across the country from the Florida Lottery draw studio in Tallahassee.

Powerball jackpot annuity option versus cash

How it works: Powerball jackpot winners can choose an "annuity option" or a lump sum cash payout.

  • The annuity option is an annual payout over 30 years, with the sum paid out rising by 5% each year.
  • The jackpot size is not the amount in the prize pool but rather the size of all those 30 payments added together.

Powerball prize amounts for matching numbers

By the numbers: Here are the prize amounts for matching numbers with and without the Powerball for all drawings:

  • Powerball: $4
  • One number and Powerball: $4
  • Two numbers and Powerball: $7
  • Three numbers: $7
  • Three numbers plus Powerball: $100
  • Four numbers: $100
  • Four numbers plus Powerball: $50,000
  • Five numbers: $1 million
  • Five numbers plus Powerball: Jackpot

Yes, but: Prize amounts are higher for players spending $1 extra for Power Play.

Powerball winning odds

The odds of winning the Powerball jackpot are 1 in 292.2 million.

  • The overall odds of winning a prize are 1 in 24.9.
  • The jackpot odds for Mega Millions are 1 in 303 million.

Yes, but: The odds of being struck by lightning in a year are less than one in a million, according to data from the Centers for Disease Control and Prevention.

States to play Powerball

Powerball tickets are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

  • Alabama, Alaska, Hawaii, Nevada and Utah do not participate in the lottery.

When do Powerball ticket sales end?

The deadline to purchase tickets for Monday's drawing varies by state because Powerball tickets are sold by individual lotteries.

  • The cut-off times are typically one to two hours before the drawing, according to Powerball.

Editor's note: This story was updated with the Oct. 9 Powerball numbers and the increased jackpot after nobody won the grand prize Monday.

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