The Powerball jackpot has reached an estimated $810 million after no winners were announced in the final drawing of 2023. This makes it the fifth-largest Powerball jackpot and the 10th-largest US lottery jackpot in history. The next drawing will take place on January 1, giving players the chance to start the new year with a substantial prize. The estimated cash value of the jackpot is $408.9 million.
However, the odds of winning remain slim at approximately 1 in 292.2 million. Despite the excitement surrounding the large prize, lottery officials are reminding players to gamble responsibly, especially during the holiday season.
If a player is lucky enough to win, they have the option to accept the annuitized prize, which is estimated at $810 million, or take a lump sum payment of $408.9 million. Both options will have taxes deducted.
The previous Powerball jackpot was won on October 11 in California, with the ticket holder claiming a grand prize of $1.765 billion. Since then, there have been 34 consecutive drawings without winners.
The winning numbers for the most recent drawing were: white balls 10, 11, 26, 27, 34, and red Powerball 7, with a Power Play multiplier of 4X.
Here is a list of the top 10 largest Powerball jackpots to date:
- $2.04 billion: Nov. 7, 2022 – California
- $1.765 billion: Oct. 11, 2023 – California
- $1.586 billion: Jan. 13, 2016 – California, Florida, Tennessee
- $1.08 billion: July 19, 2023 – California
- $810 million (est.) – Jan. 1, 2024
- $768.4 million: March 27, 2019 – Wisconsin
- $758.7 million: Aug. 23, 2017 – Massachusetts
- $754.6 million: Feb. 6, 2023 – Washington
- $731.1 million: Jan. 20, 2021 – Maryland
- $699.8 million: Oct. 4, 2021 – California