Powerball’s jackpot surges to $540 million but isn’t among 10 largest
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Powerball is not going away.
No ticket has been able to match the six drawn numbers in 38 drawings spread over three months. Jackpot for Monday night is now at $540million
However, the jackpot is still not sufficient to propel it into the Top 10 Most Valuable Lottery Jackpots. The crown goes to a 2016 Powerball jackpot worth $1.58 billion when three winners — from California, Florida and Tennessee — hit the motherlode. The Mega Millions jackpot of $1.53 trillion in Mega Millions in 2018 was won only by the winner from South Carolina.
To enter the top 10, a jackpot would have to reach more than $648 million — that’s the amount in 10th place, which was split in 2013 by two Mega Millions players, one from California, the other from Georgia.
Naturally, each drawing has winners who receive smaller sums.
A ticket purchased in Florida on Saturday night won $10 million in Powerball’s Double Play, which is not available in all states. Additionally, someone in Maryland won $2 million, and three tickets — sold in Arizona, California and Florida — are worth $1 million each.
The prize amount advertised is based upon the winner receiving their winnings in thirty payments spread over 29 years. The majority of jackpot winners opt for the immediate, lower cash option. This $540 million Powerball jackpot prize is worth $384.3million (before taxes).
The Mega Millions Jackpot is currently at $244 Million for Tuesday’s draw. Cash is available at $172.5million
There is a very small chance that a ticket will win the Jackpot in any of these games: 1 in 292,000,000 for Powerball, 1 in 302,000,000 for Mega Millions.