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Powerball Jackpot Raises to $540 Million – Still Doesn’t Break the List of 10 Biggest Lottery Wins

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The Powerball jackpot just won’t drop.

Through 38 drawings in three months, no ticket has managed to match all six numbers drawn. For Monday night’s drawing, the jackpot is now $540 million.

Yet the prize is still not enough to make it into the top 10 biggest lottery jackpots. The crown went to the Powerball jackpot of $1.58 billion in 2016, when three winners from California, Florida and Tennessee hit the motherload. Not far behind is the $1.53 billion mega million jackpot in 2018, which was claimed by the sole winner in South Carolina.

To enter the top 10, a jackpot would have to reach over $648 million – this is the amount in 10th place, which in 2013 was split by two Mega Million players, one from California, the other from Georgia.

Of course, there are winners of small amounts in each drawing.

In the last Powerball bridge held on Saturday, a ticket sold in Florida landed $10 million in a “double play” of the game, which does not offer all jurisdictions. Additionally, someone in Maryland won $2 million, and three tickets – sold in Arizona, California and Florida – cost $1 million each.

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The advertised prize money is based on the winner taking their loot in the form of 30 payouts over 29 years. However, most jackpot winners opt for the low, instant cash option. For this $540 million Powerball prize, that cash amount is $384.3 million (before taxes).

Meanwhile, the Mega Millions jackpot stands at $244 million for Tuesday night’s drawing. The cash option is $172.5 million.

The odds of a ticket hitting the jackpot in any given game are very small: 1 in 292 million for Powerball and 1 in 302 million for Mega Millions.

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Hassaan Minhas

Hassaan is a journalist at UsamaSpeaks.com and he deals with Latest News, India News, and Tech News. Hassaan is a very professional and authentic news journalist.

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