Powerball Jackpot Gets Closer to a Whopping $400 Million

With approximately 12 hours to go until the next drawing of Powerball, America’s favorite lottery game, the grand prize for the game is getting close to a staggering $400 million. On Saturday, February 24, no one guessed correctly all winning white balls which were 3, 8, 40, 53, 58 and red Powerball number 3.

This allowed the jackpot of the Powerball to continue growing. The popular lottery game confirmed that the estimated jackpot for the upcoming drawing is expected to hit a whopping $391 million. While this is the grand prize that can be won in case the winner selects annual installments, a lump cash sum is also an option.

If a lucky lottery player guesses all winning numbers correctly from the upcoming drawing and wants to take home a cash prize, they would be entitled to a staggering $185.6 million. Still, even if the winner selects a lump cash sum or annual installments, it’s important to note that the aforementioned sums are before taxes.

From Saturday’s drawing, no one guessed correctly five white balls to secure a million-dollar prize. Still, 20 lucky Powerball players guessed correctly four white balls along with the red Powerball, taking home $50,000 each, while three collected a $150,000 Power Play prize each.

In contrast, 347 lucky Powerball players won $100 each by guessing correctly four white balls. On the other hand, guessing correctly the same number of white balls granted 122 lottery players a $300 Power Play prize each.

Considering the growing jackpot, many lottery players are likely going to try their luck for a chance of securing a $400 million grand prize. While the overall odds of winning a prize from Powerball are 1 in 24.9, the odds of winning the jackpot are 1 in 292.2 million.

Jackpot from Mega Millions Increases

Besides the grand prize from Powerball, the Mega Millions’ jackpot also continues to grow. The grand prize of the popular game survived the drawing on Friday, February 23, 2024.

Now, the jackpot from Mega Millions is expected to hit $563 million for the upcoming drawing. The cash option for the jackpot is a staggering $265.4 million. Mega Millions’ upcoming drawing is scheduled for Tuesday, February 27, 2024.