Powerball jackpot rises to estimated $835 million

In the wildly unlikely event you happen to win the lottery, there are some things you should know. Jennifer Streaks, senior personal finance reporter with Insider, has some tips for what to do if you've got the winning ticket.
▶ Watch Video: Feeling lucky? Here’s what to do if you win the lottery

Powerball’s jackpot has now risen to an estimated $835 million after no tickets matched the winning numbers in Monday’s draw.

The winning numbers for Monday’s drawing were 10, 12, 22, 36 and 50, with a Powerball of 4. Although nobody won the jackpot, three tickets sold in Florida and one in Oregon matched all five white balls to win $1 million prizes.

But no ticket matched all six numbers, meaning the rest of the jackpot rolls over into the next drawing.

When’s the next Powerball drawing?

The next drawing will be Wednesday, and it is still set to be the fourth largest prize in the game’s history. The odds of winning the Powerball jackpot on Wednesday are 1 in 292,201,338, according to the lottery.

If a player wins the jackpot on Wednesday, that person will have a choice between an annuitized prize worth an estimated $835 million or a lump sum payment estimated at $390 million. If a winner picks the annuitized prize, the lottery makes one immediate payment, then doles out 29 annual payments. Both prizes are before taxes, according to lottery officials.

What was the largest Powerball jackpot ever won?

The largest Powerball jackpot ever won was a $2.04 billion ticket sold in California in November 2022. 

The third most valuable jackpot ticket was sold earlier this year in California.The grand prize for the July 19 drawing was $1.08 billion. There have been 28 consecutive drawings since then without a grand prize winner.

How to play Powerball

Powerball tickets are $2 per play. They’re available for sale in 45 out of 50 U.S. states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. EST. The drawings are also live streamed on Powerball.com.

Lottery scams to watch out for

There are a number of common lottery scams, according to the Federal Trade Commission. They usually involve getting a call, email or letter saying you won a sweepstakes, lottery or prize. Some scams ask people to pay money in order to access their price winnings.

“Do not send money! If you are asked to pay a fee to claim a prize, you are likely being scammed,” Powerball notes on its website. “This includes cashier’s checks, money orders or any type of prepaid card.”

Lotteries will never contact players via email or social media to tell them that they’ve won a prize unless they’ve specifically entered an official lottery promotion or contest, according to Powerball. People should never accept a collect call from someone claiming to be a lottery official. 

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