Powerball’s jackpot surges to $540 million however is not amongst 10 largest
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The Powerball jackpot just won’t stop.
With 38 drawings over three months, no ticket has managed to meet all six numbers drawn. The jackpot for the Monday night draw is now $ 540 million.
But the prize is still not enough to catapult him into the top 10 biggest lottery jackpots. The crown goes to a Powerball jackpot worth $ 1.58 billion in 2016. Not far behind is a Mega Millions jackpot of $ 1.53 billion in 2018, that of a single winner was cracked in South Carolina.
To get into the top 10, a jackpot would have to reach more than $ 648 million – that’s the 10th place amount shared in 2013 by two Mega Millions players, one from California and the other from Georgia.
Of course, there are winners for smaller amounts in every drawing.
In the last Powerball pull, which took place on Saturday, a ticket sold in Florida landed $ 10 million in the game’s “double play,” which is not available in all jurisdictions. Additionally, someone in Maryland won $ 2 million, and three tickets – sold in Arizona, California, and Florida – are worth $ 1 million each.
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The advertised prize amounts are based on the winner receiving their loot as 30 payments over 29 years. Most jackpot winners, however, choose the lower, instant cash option. For that $ 540 million Powerball prize, that cash amount is $ 384.3 million (pre-tax).
Meanwhile, the Mega Millions jackpot for the Tuesday night drawing is $ 244 million. The cash option is $ 172.5 million.
The chance that a single ticket will hit the jackpot in either game is tiny: 1 in 292 million for Powerball and 1 in 302 million for Mega Millions.