The jackpot jumped just hours after lottery officials announced no one won Monday night’s $637 million grand prize leading to the initial jackpot for Wednesday being estimated at $680 million. If sales continue to surpass expectations, the jackpot could rise even higher, but would need to exceed $731.1 million to become the 4th largest Powerball jackpot.
The cash option for tomorrow’s jackpot is worth $335.7.
Related story: How to play Powerball, where to buy tickets as jackpot surpasses $400 million
The current jackpot is now the largest Powerball prize of the year, beating out the Jan. 5 jackpot of $632.6 million that was split by players in California and Wisconsin. There have been 35 drawings since anyone has won the Powerball jackpot, leading to the current grand prize being so valuable as the last winner came on Aug. 3.
The Powerball drawing takes place Wednesday at 10:59 p.m. and tickets can be purchased in Michigan for the drawing until 9:45 p.m. that night.
For the latest on Michigan Lottery, check out the official Michigan Lottery site, which also offers more information on instant tickets, raffles and other lottery games.
The last players from Michigan to win a Mega Millions or Powerball jackpot is the Wolverine FLL lottery club which claimed a $1.05 billion jackpot in March 2021. With their winnings, the group plans to give back to the community.
And while they were lucky winners, it’s smart for players to check their tickets immediately as a winner worth $1 million sold in Warren last year went unclaimed. The money instead went to the state’s School Aid Fund..
When is the next Powerball drawing? Jackpot size, date, time of drawing explained.
When no one matched all six Powerball numbers in Monday's drawing, the potential Powerball jackpot surpassed $600 million, one of its heftiest sums in history.
Before the drawing on Oct. 24, the jackpot had increased to a value of $625 million, making it the 8th largest jackpot in history.
According to Powerball's live calculator, the jackpot now sits at $700 million, which amounts to a $335.7 million cash payout. Here's everything you need to know about the next Powerball drawing and how to play:
Top 10 lottery jackpots in history:Mega Millions & Powerball. Who won and where winning tickets were sold
Winning the lottery 101:The first things to do if you win big
When is the next Powerball drawing?
The next Powerball drawing is Wednesday, Oct. 26. Powerball drawings are broadcast live every Monday, Wednesday and Saturday.
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