Powerball Surges to $1 Billion While Mega Millions Soars to $640 Million

Powerball jackpot reaches an astounding $1 billion after no winner in the previous $900 million drawing.

This new jackpot becomes the country's third-highest, with continuous growth until a winner is determined.

The next Powerball drawing is set for Wednesday, offering winners the choice between a $1 billion payout over several years or a lump sum of $516.8 million before taxes.

The highest recorded Powerball jackpot was $2.04 billion in November 2022, won by a ticket sold in California.

The second-highest jackpot of $1.6 billion in 2016 was split among three winners from California, Florida, and Tennessee.

Despite the massive payouts, the odds of winning a Powerball jackpot are remarkably low at 1 in 292.2 million, according to NPR.

The most recent Powerball jackpot victory occurred on April 19, amounting to nearly $253 million, followed by 38 consecutive drawings without a winner.

In Mega Millions, a $640 million jackpot is up for grabs on Tuesday, with winners having the option of annual payouts or a $328 million lump sum before taxes.

Although no Mega Millions jackpot winner emerged from the latest drawing, a lucky player from Orangeburg, South Carolina, won $2 million by matching all five numbers and using the Megaplier option. They have 180 days to claim their prize.