Powerball Jackpot Soars to $201M for Upcoming Drawing

An estimated $185 million was the grand prize from America’s popular lottery game, Powerball, on Wednesday. The jackpot had a cash option which would be $92 million. However, despite the attempts of millions of lottery players across the country, nobody matched all winning numbers from the recent draw to secure the grand prize.

Wednesday’s Powerball drawing saw winning numbers 6, 19, 35, 47, 57 along with the Red Powerball number 9. As noted, nobody matched all winning numbers which is why the jackpot survived. What’s more, no player was lucky enough to match five winning numbers to secure $1 million or more.

The next Powerball drawing is scheduled for Saturday, August 10, 2024. The survival of the grand prize enabled it to continue growing, surpassing the mind-blowing sum of $200 million. To be precise, the estimated Powerball grand prize for the upcoming drawing is $201 million.

Just like with other multi-million-dollar lottery prizes, to collect the full sum, the fortunate player needs to pick an annuity option. This would award them an initial payment followed by 29 annual payments with a 5% increase per year.

On the other hand, a lump cash sum is also an option. If a player matches all winning numbers on the upcoming drawing and they select a lump cash sum, they will be collecting an estimated $100 million. Yes, undoubtedly that’s far from the mind-boggling $201 million, but it is still a life-changing jackpot.

With less than two days remaining until the next Powerball drawing, undoubtedly millions of Americans will try their luck in hope of securing the hefty jackpot. Still, knowing the odds is important. Winning the Powerball jackpot has odds of 1 in 292.2 million, while the game’s overall odds are 1 in 24.9.

Many Players Won Lower-Tier Prizes

While the grand prize survived the recent drawing, a dozen players secured mouth-wagering payouts. Eight lucky Powerball players matched four white balls along with the red Powerball to secure a prize of $50,000 each. Another three made the same correct prediction but paid extra for the game’s Power Play option which resulted in them collecting a $150,000 prize each.

On the other hand, matching four winning numbers granted 164 players a prize of $100 each. Another 69 players who entered Wednesday’s draw with the Power Play option secured a prize of $300 each.

More than 264,000 Powerball players won a prize from the game’s lowest tier. All those lottery players won $4 each.