Please ensure Javascript is enabled for purposes of website accessibility
Monday's Powerball Jackpot, Building for Months, Reaches $785 Million
gvw_ap_news
By Associated Press
Published 7 months ago on
September 25, 2023

Share

DES MOINES, Iowa — The ninth-largest lottery jackpot will be on the line Monday night when numbers are drawn for a $785 million Powerball prize.

The payout has grown so large because it has been building for more than two months, since a player in California matched all six numbers on July 19 and won $1.08 billion. That’s 28 consecutive drawings without a big winner.

That winless streak is due to the miserable odds of winning the Powerball jackpot, at 1 in 292.2 million. It’s those long, long odds that result in such large top prizes, as they cause the jackpot to roll over week after week.

Although the game highlights the $785 million prize, that is for a winner who is paid through an annuity over 30 years. Winners almost always choose the cash payout option, which for Monday night’s drawing would be $367 million.

The giant jackpot would also be subject to federal taxes, and some states also tax lottery winnings.

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

RELATED TOPICS:

DON'T MISS

Legislation Pandering to Tribal Casinos Is a Bad Bet for Fresno Cardroom Employees

DON'T MISS

About 1 in 4 US Adults Over 50 Say They Expect to Never Retire, an AARP Study Finds

DON'T MISS

Biden Signs a $95 Billion War Aid Measure With Assistance for Ukraine, Israel and Taiwan

DON'T MISS

Ancestry Website to Catalogue Names of Japanese Americans Incarcerated During World War II

DON'T MISS

First-Round Picks Could Be on the Trading Block on Day 1 of the NFL Draft

DON'T MISS

Trojans Rejoice! Reggie Bush Is Reinstated as 2005 Heisman Trophy Winner

DON'T MISS

Arizona Just Revived an 1864 Law Criminalizing Abortion. Here’s What’s Happening in Other States

DON'T MISS

Airlines Now Required to Give Automatic Cash Refunds for Canceled, Delayed Flights

DON'T MISS

Fresno County Appoints New Librarian. What’s Her Favorite Book Genre?

DON'T MISS

Shohei Ohtani Hits Second-Deck Home Run in Dodgers’ Road Win

UP NEXT

Long-Lost First Model of USS Enterprise from ‘Star Trek’ Boldly Goes Home

UP NEXT

Man Sets Himself on Fire Outside Trump Hush Money Trial Court

UP NEXT

Taylor Swift Drops 15 New Songs on Double Album, ‘The Tortured Poets Department: The Anthology’

UP NEXT

Savannah Bananas Dominate Social Media, Sell Out Stadiums Nationwide Including Fresno

UP NEXT

Big Names in Rap, Christian Music, and Comedy Headline Must-See Weekend Entertainment

UP NEXT

What Winnie the Pooh and Mickey Mouse Can Tell Us About the Public Domain and Remix Culture

UP NEXT

‘Civil War’ Declares Victory at the Box Office, Toppling ‘Godzilla X Kong’

UP NEXT

Ship That Caused Bridge Collapse Had Apparent Electrical Issues While Still Docked, Source Says

UP NEXT

US Shoots Down Iran-Launched Attack Drones as Biden Team Pledges ‘Support’ for Israel

UP NEXT

Reacher Star Alan Ritchson Calls Donald Trump a ‘Rapist’

Ancestry Website to Catalogue Names of Japanese Americans Incarcerated During World War II

2 hours ago

First-Round Picks Could Be on the Trading Block on Day 1 of the NFL Draft

2 hours ago

Trojans Rejoice! Reggie Bush Is Reinstated as 2005 Heisman Trophy Winner

2 hours ago

Arizona Just Revived an 1864 Law Criminalizing Abortion. Here’s What’s Happening in Other States

3 hours ago

Airlines Now Required to Give Automatic Cash Refunds for Canceled, Delayed Flights

3 hours ago

Fresno County Appoints New Librarian. What’s Her Favorite Book Genre?

3 hours ago

Shohei Ohtani Hits Second-Deck Home Run in Dodgers’ Road Win

4 hours ago

Logan Webb Extends Scoreless Streak to 19 Innings as Giants Dominate Mets

4 hours ago

Golf Has Two Dominant Forces in Scheffler & Korda. It Didn’t Happen Overnight.

6 hours ago

Tent Compound Rises in Southern Gaza as Israel Prepares for Rafah Offensive

19 hours ago

Legislation Pandering to Tribal Casinos Is a Bad Bet for Fresno Cardroom Employees

More than 600 Fresno area residents risk losing their well-paying jobs because elected officials are more interested in pandering to tribal ...

32 mins ago

32 mins ago

Legislation Pandering to Tribal Casinos Is a Bad Bet for Fresno Cardroom Employees

56 mins ago

About 1 in 4 US Adults Over 50 Say They Expect to Never Retire, an AARP Study Finds

1 hour ago

Biden Signs a $95 Billion War Aid Measure With Assistance for Ukraine, Israel and Taiwan

2 hours ago

Ancestry Website to Catalogue Names of Japanese Americans Incarcerated During World War II

2 hours ago

First-Round Picks Could Be on the Trading Block on Day 1 of the NFL Draft

2 hours ago

Trojans Rejoice! Reggie Bush Is Reinstated as 2005 Heisman Trophy Winner

3 hours ago

Arizona Just Revived an 1864 Law Criminalizing Abortion. Here’s What’s Happening in Other States

3 hours ago

Airlines Now Required to Give Automatic Cash Refunds for Canceled, Delayed Flights

MENU

CONNECT WITH US

Search

Send this to a friend