No Powerball jackpot winner and prize swells to $1.1 billion

The Powerball jackpot has risen to an estimated $1.1 billion after no jackpot winner in Saturday’s drawing—the 42nd consecutive drawing without a winner—making it the game’s sixth-largest prize on record; the next drawing is Monday night. If won, the winner can choose the advertised annuity of about $1.1 billion or an immediate lump sum of roughly $503.4 million; odds of winning remain 1 in 292.2 million. The jackpot was last hit on Sept. 6 (two tickets split $1.787 billion) and the largest-ever Powerball prize was $2.04 billion on Nov. 7, 2022.

Analysis

The Powerball jackpot increased to an estimated $1.1 billion after no grand-prize winner in Saturday’s drawing, marking the 42nd consecutive drawing without a jackpot hit; the numbers drawn were 1, 28, 31, 57 and 58 with Powerball 16, and the next drawing is scheduled for Monday night in Tallahassee. Powerball confirms this advertised prize is the game’s sixth-largest on record, behind the $2.04 billion top prize on Nov. 7, 2022, and follows the last jackpot hit on Sept. 6 when two tickets split $1.787 billion. A winning ticket would be offered an annuity of about $1.1 billion or an immediate lump sum of approximately $503.4 million, while the published odds of winning the jackpot remain 1 in 292.2 million and tickets cost $2 per play. The extended rollover period and the gap between annuity and lump-sum values are the core facts that determine winner economics and the headline appeal of the upcoming drawing, but the extreme odds make a payout probabilistically remote.

Key Decisions for Investors

• Do not treat lottery participation as an investment given the published odds of 1 in 292.2 million and the low probability of a payout
• If modeling potential winner scenarios or advising clients, use the article’s figures: an advertised annuity of about $1.1 billion versus an immediate lump sum near $503.4 million for post-win cash-flow and tax projections
• Monitor Monday’s drawing outcome because a jackpot win would abruptly end the 42-draw rollover and reset advertised-prize dynamics, which could temporarily affect short-term consumer attention and transaction flows in sectors tied to retail lottery sales
• Risk managers and analysts should note the rarity of hits (last won Sept. 6) when constructing probability-weighted scenarios and should not extrapolate sustained financial benefit from rollover publicity alone