MIAMI – With anticipation making and countless numbers on hundreds of tickets remaining marketed, the jackpot for Monday night’s Powerball drawing is a whopping $1.9 billion.
If another person hits it significant, they can both acquire the winnings in a one particular-time lump sum payment, around $929.1 million, or as an annuity. That choice would out $63 million each year in excess of about 30 several years. All of that would be in advance of taxes.
Monday night’s jackpot is the greatest in Powerball historical past.
Right before this, the biggest Powerball jackpot ever received was in January 2016 when a few winners split a prize advertised at $1.586 billion. Each individual took their share of the cash worth, which included up to $983.5 million.
Certainly, that suggests the dollars benefit of the recent “record” $1.9 billion jackpot is much less than the funds value of the $1.586 billion jackpot six years back. You can thank the Federal Reserve’s new desire charge hikes for that discrepancy.
Whilst the total odds of winning any quantity of the Powerball prizes are 1 in 24.9, the odds of profitable the Powerball jackpot are 1 in 292.2 million, in accordance to the business.
Powerball jackpots have been gained five situations so far this calendar year.
Tickets cost $2, and drawings are each individual Monday, Wednesday, and Saturday.
You can enjoy the drawing during CBS4 Information at 11 or on CBSMiami.com.
CBS4 is your formal Florida Lottery station.
