Powerball Jackpot Exceeds $1 Billion for the 4th Time in History
Top 10 Powerball Jackpots
$2.04 Billion – Nov. 7, 2022
$1.586 Billion – Jan. 13, 2016
$1.08 Billion – July 19, 2023
$1.04 Million (est.) – CURRENT DRAWING 10/2/23
$768.4 Million – March 27, 2019
$758.7 Million – Aug. 23, 2017
$754.6 Million – Feb. 6, 2023
$731.1 Million – Jan. 20, 2021
$699.8 Million – Oct. 4, 2021
$687.8 Million – Oct. 27, 2018
The Powerball has crossed the 1 billion mark with an estimated $1.04 billion jackpot, for the next drawing on Monday night. The jackpot has a cash value of $478.2 million! last Powerball jackpot was previously won on July 19, when a ticket in California matched all five white balls and the red Powerball to win a $1.08 billion jackpot. Since then, there have been 32 consecutive drawings without a grand prize winner.
If a player wins the jackpot on Monday night, they will have the choice between an annuitized prize worth an estimated $1.04 million or a lump sum payment estimated at $478.2 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
As always, I like to break down numbers and stats for Texas Lottery scratch tickets. So I thought it would be fun to break down the new $5 Dallas Cowboy scratch-off ticket, by the numbers! What are the odds? What is the top prize? Scroll down to see a detailed explanation of the prize distribution. Even if you don't win on your initial scratch, there is a second chance drawing for this ticket. Click for details.
A TEXAS LOTTERY BOOK: BY THE NUMBERS:
GAME 2500 - DALLAS COWBOYS:
There are 75 tickets in a full book of $5 Dallas Cowboys tickets. The total cost of the book is $375. The guaranteed payout on a book is $185. This means if you buy a whole book, there is a good chance of losing $190 unless you find one of those lucky ones. Here are what those odds are:
A break-even $5 winner is found at least 9 times in every book(75). The odds are 1 in 8.04
A $10.00 winner is found at least 3 times in every book. The odds are 1 in 19.57
A $15.00 winner is found at least 3 times in every book. The odds are 1 in 25
A $20.00 winner is found at least 3 times in every book. The odds are 1 in 25
A $50.00 winner is found approximately 1 time in every 2 books. The odds are 1 in 128.57
A $100 winner is found approximately once in every 17 books. The odds are 1 in 1285.71
A $500 winner is found approximately once in every 342 books. The odds are 1 in 25,741.29
A $5000 winner is found approximately once in every 4,800 books. The odds are 1 in 360,000
A $100,000 jackpot winner is round approximately once in every 32,400 books. The odds are 1 in 2,430,000. There are 4 top-prize tickets in this game!
GOOD LUCK AND PLAY RESPONSIBLY!
All information is courtesy of the Texas Lottery website.
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Gallery Credit: Isabel Sepulveda