Skip to main content

US$747M Powerball jackpot up to 9th-largest as drawing nears

Steve Morton shows his Powerball scan card at a convenience store in Renfrew, Pa., on Nov. 7, 2022. (Keith Srakocic / AP) Steve Morton shows his Powerball scan card at a convenience store in Renfrew, Pa., on Nov. 7, 2022. (Keith Srakocic / AP)
Share
DES MOINES, Iowa -

A US$747 million Powerball jackpot will be up for grabs Monday night for players willing to risk $2 against the long, long odds of winning the big prize.

No one has won the jackpot since Nov. 19, 2022, allowing the prize to grow larger with each of the game's three weekly drawings. It now stands as the ninth-largest in U.S. history.

The game's abysmal odds of 1 in 292.2 million are designed to build big prizes that draw more players. That strategy certainly has worked recently, as someone won a $1.35 billion Mega Millions prize in January and a California player hit a record $2.04 billion Powerball jackpot last November. No one has claimed either of those prizes.

The $747 million jackpot is for winners who opt for an annuity, paid over 29 years. Higher interest rates have allowed those annuity payments to increased compared with earlier jackpots, when rates were lower.

Most winners prefer cash, which for Monday night's drawing would be $403.1 million.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

CTVNews.ca Top Stories

BREAKING

BREAKING Honda to get up to $5B in govt help for EV battery, assembly plants

Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money.

Secret $70M Lotto Max winners break their silence

During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.

Local Spotlight