May 8, 2024 2 min read

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Lucky Ticket in Florida Hits $214.9M Powerball Jackpot

The latest jackpot hit marked the third grand prize win since the start of the year

Across the United States, more than 385,000 people won prizes by participating in the latest Powerball drawing. While many were after the mouth-watering jackpot that surpassed $200 million, only one incredibly lucky lottery player was able to guess correctly all winning numbers from the latest draw. One person from Florida guessed correctly all white balls 7, 23, 24, 56, 60 and red Powerball 25, to secure the whopping $214.9 million Powerball jackpot from Monday’s drawing.

The latest jackpot represented the third grand prize win for the year so far. Before the $214.9 million jackpot was won, exactly one month ago, on April 6, a lucky player from Oregon secured the mind-blowing $1.3 billion jackpot at the time.

The latest $214.9 million Powerball jackpot represents an annuitized prize. This means that the lucky winner can collect an initial payment followed by 29 annual installment payments together with a 5% yearly interest. Alternatively, the lottery player can also collect a lump cash sum, which would be $100.1 million, a far cry from the total which is nearly $215 million but still completely life-changing.

Still, it’s important to note that both sums are before the applicable taxes.

Only One Million-Dollar Second Tier Prize Was Won from the Latest Draw

Known as America’s favorite lottery, Powerball is played in 45 states and jurisdictions, including the US Virgin Islands, the District of Columbia and Puerto Rico. The lottery game’s odds of winning a jackpot prize are 1 in 292.2 million, while the overall odds are 1 in 24.9.

From the latest Powerball drawing, one person missed the grand prize and guessed all winning numbers drawn with the exception of the red Powerball. Still, the lucky player from Idaho, secured a hefty prize, considering they paid an extra dollar and secured a $2 million Power Play prize.

Across the US, six tickets won a $50,000 prize each, while seven tickets secured a $100,000 Power Play prize each. Overall, there were 385,220 winning tickets from Monday’s Powerball drawing.

In light of the recent jackpot win, the grand prize from Powerball was now reset to $20 million with a cash option of $9.3 million. The next Powerball drawing is scheduled for Wednesday, May 8, 2024.

Recently, a lottery player nearly missed the coveted $284 million jackpot from Mega Millions. While the lucky player from South Dakota missed the game’s grand prize, he was able to collect $1 million instead.

Journalist

Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.

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