Powerball

Powerball Jackpot Reaches $625 Million for Monday Night's Drawing

The jackpot for the Oct. 24 drawing is the eighth-largest prize in the game's history.

A customer holds a handful of Powerball tickets
Getty Images file

The Powerball jackpot has reached an estimated $625 million for Monday night's drawing, making it the eighth-largest prize in the game's history.

No ticket matched all five numbers and the Powerball drawn Saturday night, which carried a $580 million payout.

The $625 million prize refers to the annuity option, paid over 29 years. Nearly every big winner takes the cash option, which is currently an estimated $299.8 million. Either prize option would also be subject to taxes.

The Powerball jackpot was last won on Aug. 3, when a ticket in Pennsylvania won $206.9 million. Since then, the game has had 34 drawings in a row without a grand prize winner. Monday’s drawing will be the 35th draw in the jackpot run.

The longer the game goes without a grand prize winner, the larger the payout will grow.

Powerball is played in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. The chance of winning the jackpot is one in 292.2 million.

Drawings are held each Monday, Wednesday and Saturday at 10:59 p.m. ET.

Think you have a chance at winning the Lottery? Well, you do! But its a very, very small chance. Here are some things that are more likely to happen to you.

Top 10 Powerball Jackpots

1. $1.586 Billion – Jan. 13, 2016 – California, Florida, Tennessee

2. $768.4 Million – March 27, 2019 – Wisconsin

3. $758.7 Million – Aug. 23, 2017 – Massachusetts

4. $731.1 Million – Jan. 20, 2021 – Maryland

5. $699.8 Million – Oct. 4, 2021 – California

6. $687.8 Million – Oct. 27, 2018 – Iowa, New York

7. $632.6 Million – Jan. 5, 2022 – California, Wisconsin

8. $625 Million (Estimated) – Oct. 24, 2022

9. $590.5 Million – May 18, 2013 – Florida

10. $587.5 Million – Nov. 28, 2012 – Arizona, Missouri

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