This means that in many regions, the last day to purchase tickets is Monday at 10 p.m. ET. However, individual municipalities may establish earlier deadlines; therefore, it is important to check the regulations of your home state lottery to see if you have even less time to purchase a last-minute entry.
There is a one in 292.2 million chance of winning the jackpot.
Since the third drawing on August 3, not a single ticket has matched all the winning numbers and the Powerball. In the event that the jackpot is not won in Monday’s drawing, it will set a new record for the longest period between winners.
Confused about the rules of Powerball? Here’s the lowdown on what you have to know
The jackpot on Monday was more than $300 million higher than the previous record for the largest U.S. lottery jackpot. It’s also the second time this year that a Mega Millions ticket has won a jackpot of $1 billion or more; on July 29, a ticket purchased in Illinois won a jackpot of $1.337 billion.
The previous record jackpot was won in 2016 by three lucky Powerball ticket holders, who shared a record-breaking $1.586 billion.
Here are the top five Powerball jackpots:
1. $1.9 billion (estimated), Nov. 7, 2022
January 13, 2016: $1.586 billion (three tickets, from California, Florida, and Tennessee)
$3,768,400,000 as of March27, 2019 (one ticket, from Wisconsin)
7.587.0 million dollars as of August 23, 2017 (one ticket, from Massachusetts)
Five. January 20, 2021, $731.1 million (one ticket, from Maryland)
The big jackpot winner has 60 days from the date of verified ticket purchase to choose between the annuity and the reduced cash payout.
If the winners opt to receive the full jackpot, they will receive 30 annual payments starting 29 years from the date of the drawing, with each payment increasing by 5% each year.