Powerball Jackpot Hits $1.2 Billion, Third Largest Ever

After Monday night's grand prize drawing yielded no winners, the Powerball jackpot is valued at $1.2 billion, the third highest in history.

More than 2.7 million winning tickets were drawn Monday, according to the Powerball website, although none matched all six numbers: white balls 12, 26, 27, 43, 47 and red Powerball 5, with a 2x Power Play multiplier.

Two Delaware and Michigan tickets won $1 million by matching all five white balls. Two tickets from New York and South Carolina matched all five white balls and won $2 million with $1 prize multiplier.

After 32 draws without a winner, Wednesday night's anticipated $1.2 billion Powerball jackpot is the third highest in history. The previous jackpot was $1.08 billion on July 19.

Powerball claims this is the first time back-to-back jackpot jackpots have hit $1 billion. On Nov. 7, 2022, the biggest jackpot was $2.04 billion.

The Powerball website estimates the cash value of the $1.2 billion jackpot at $551.7 million. Winning the jackpot is 1 in 292.2 million, while winning any reward is 1 in 24.9. Wednesday's drawing from the Florida Lottery studio in Tallahassee will air at 10:59 p.m. EST.

A friend, family, or business pool is the cheapest approach to boost odds at $1.2 billion. Please avoid investing your whole salary on this prize. Jenkin, Exit Stage Left Advisors co-founder, advised.

However, with so many $1 billion prizes, we should remind them that the lottery has the worst chances of any game and is the most predatory. The odds of winning are approximately 1 in 300,000,000, and many bettors live paycheck to paycheck.

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