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If you bought a Powerball ticket for Monday night’s drawing, it’s time to check your numbers.
The Powerball jackpot climbed to an estimated $502 million, with a cash option of $271.1 million, for Monday night’s drawing.
No one has won the game’s top price since Nov. 19, driving the jackpot higher and higher in the past few weeks. The odds of winning a Powerball jackpot remain extremely slim, standing at about 1 in 292.2 million.
If someone wins on Monday the estimated $502 million would only be distributed if a winner selects an annuity option paid gradually over 29 years.
Most jackpot winners opt for the cash option – in a one time, lump sum payment. The final amount taken home depends of federal and state taxes
Another Powerball jackpot tops $500M:Here’s why US lottery jackpots have grown so large.Powerball winning numbers: 1/23/23
The winning numbers for Monday night’s drawing were 12, 31, 47, 58, 60, and the Powerball was 23. The Power Play was 3X.What are my chances of winning Powerball?
While many lottery players may be tempted by a gigantic jackpot, it’s important to note that the odds of winning Powerball’s grand prize are incredibly slim.
