![]() ![]() ![]() If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year. If a player wins the jackpot in Monday’s drawing, they will have the choice between an annuitized prize worth an estimated $675 million or a lump sum payment estimated at $340.9 million. Additionally, we like to remind players that they have the same odds of winning in every drawing regardless of the jackpot amount.” “We typically see players purchase tickets for both games when the jackpots are this high, and remind players that it only takes one ticket to win a life-changing prize. “It’s an exciting time to play when the Powerball jackpot reaches this level, and that excitement is further compounded when there is also a huge Mega Millions jackpot,” said Drew Svitko, Powerball Product Group Chair and Pennsylvania Lottery Executive Director. The jackpot currently ranks as the ninth largest Powerball jackpot. ![]() Game leaders increased the Powerball jackpot on Monday from an estimated $650 million to $675 million ($340.9 million cash value) for the next drawing on Monday, July 10. JOHNSTON, Iowa – Strong ticket sales across the country have pushed the Powerball® jackpot even higher ahead of tonight’s drawing. ![]()
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