The jackpot has an estimated cash value of $516.8 million. ET.For the third time ever, the Powerball® jackpot has reached the one billion dollar mark! The jackpot is currently estimated at $1 billion for the next drawing on Wednesday, July 19. Powerball drawings are held every Monday, Wednesday and Saturday at 10:59 p.m. Powerball tickets cost $2 each and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. 'I already told them today: If I win tonight, I'm not even coming in, for sure, they know,' the woman told the station. In Southern California, a woman bought 50 lottery tickets on Tuesday at a 7-Eleven for her and her co-workers, CBS News Los Angeles reported. The two jumbo-sized jackpots spurred some people to pool their money and buy tickets by the dozen in the hopes of winning big. The odds of winning the Mega Millions jackpot are 1 in 302,575,350. If someone wins Friday night, the cash option would be an estimated $369.6 million. Those winning numbers were 19, 22, 31, 37, 54 with a Mega Ball of 18. In Mega Millions, an estimated $720 million jackpot is up for grabs Friday night after no one matched all six numbers in Tuesday night's drawing. The odds of winning the Powerball jackpot are 1 in 292.2 million. Wednesday night's pot of gold was the sixth largest in U.S. In 2016, the game's second-largest grand prize of $1.586 billion was split among winners in California, Florida and Tennessee.Įarlier this year, a ticket sold in Washington state won a $754.6 million jackpot, the game's sixth largest. The $1.08 billion grand prize is the third largest in the game's history since it started in 1992. Before Wednesday night's drawing, no one had matched the five white balls and red Powerball in the past 38 chances to win.

The jackpot had been swelling since April 19, when a ticket bought in Ohio won a $252.6 million jackpot. In November, a lucky man at Joe's Service Center in Altadena correctly guessed the numbers accompanying the world-record Powerball jackpot of $2.04 billion. It was the second time in eight months that a $1 billion Powerball ticket was sold in Los Angeles County, CBS News Los Angeles points out. Wednesday's Powerball drawing had more than 4.8 million winning tickets overall and lower-tier cash prizes worth $85.1 million.

Experts told CBS MoneyWatch that people who suddenly come into a lot of money should go through a 'cooling-off period' and not rush to make big financial decisions.

Current jackpot for the powerball