Today’s Powerball jackpot is expected to hit a record $1.9 billion.
The Powerball lottery jackpot is expected to grow to $1.9 billion for Monday’s drawing, according to the California Lottery, making it the largest lotto prize ever offered – just as its organizers intended when they changed the odds in 2015. There were no winning tickets sold for Saturday’s drawing of an estimated $1.6 billion, already the highest lotto prize offered. The last Powerball jackpot was won on August 3 in Pennsylvania.
You can thank the Federal Reserve’s recent interest rate hikes for that discrepancy. Powerball draws take place every Monday, Wednesday and Saturday at 10:59 p.m. ET. Powerball is played by charging $2 per ticket and having players choose five white balls between the numbers 1 to 69 and a red Powerball from the numbers 1 to 26. If a player gets all six numbers correct, they win the massive jackpot. The odds of winning the jackpot by matching all 5 numbers and the Powerball number are one in 292.
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