Next Powerball Jackpot Will Be Worth $1 Billion
By Jason Hall
July 19, 2023
Wednesday's (July 19) Powerball jackpot will be worth an estimated $1 billion after zero players matched all six numbers during the $900 million drawing on Monday (July 17) night.
The next Powerball jackpot will be the third largest drawing in the game's history and the seventh largest in U.S. lottery history. The Powerball jackpot reset to $20 million after one player in Ohio won the $253 million drawing on April 19.
The winning Powerball jackpot followed back-to-back Mega Millions jackpots on April 18 and April 14. One player in California had previously matched all six numbers to win the $2.04 billion ($997.6 million) jackpot on November 7, the largest jackpot offered in U.S. lottery history, according to the official Powerball website.
The $1.586 billion ($983.5 million cash value) Powerball drawing on January 13, 2016 set the previous record for the world's largest jackpot for both cash value and annuity. Three tickets in California, Florida and Tennessee won the $1.586 billion Powerball jackpot in January 2016, which set the record for the world's largest jackpot (cash value and annuity) and was the ninth largest cash value per ticket.
Mega Millions games have also exceeded $1 billion four times. The Powerball and Mega Millions games previously offered a combined jackpot of more than $1.7 billion in January 2021.
Both jackpots increase during each following game until there's a jackpot winning ticket matching all six numbers drawn, which includes the additional Mega Millions Gold Ball or Powerball in each respective game.