Powerball jackpot climbs to $1.7 billion after no winner Monday – NBC Los Angeles

The Powerball jackpot is on the rise again after no one won the top prize in Monday night’s drawing, sending the jackpot up to an estimated $1.7 billion.

Even though the winning numbers were announced for the drawing, which had been estimated at $1.6 billion, no ticket matched all six numbers. That means the massive prize will roll over once more.

Here are the results, in order of the drawing: 3,18, 36, 41 and 54 with a red Powerball of 7. The multiplier is 2x.

While there was no jackpot winner, several players still scored big prizes. Tickets that matched five numbers won $1 million each and were sold in Florida, Georgia, Illinois, New York (2), Ohio, Pennsylvania, Tennessee, and Wisconsin.

Wednesday’s drawing will be the record-extending 47th consecutive drawing since the last Powerball jackpot winner. The previous record for the most drawings in a single jackpot cycle was 42.

The historic run has seen the jackpot soar to $1.7 billion, making it the fourth-largest in Powerball history and among all U.S. lottery games.

The most recent jackpot win on Sept. 6 saw tickets in Missouri and Texas share a $1.787 billion grand prize, the second-largest in Powerball history.

The odds of hitting the jackpot are a minuscule 1 in 292.2 million.

If a ticket matches all five white balls plus the red Powerball drawn on Monday, the winner would be faced with two options. They could either claim the estimated $1.6 billion grand prize which is paid out through an annuity, with annual payments over 30 years. Or they could receive a one-time, lump-sum payment of an estimated $735.3 million.

But, regardless of which option a winner chooses, they wouldn’t take home the full prize amount. That’s because the winnings are subject to federal taxes and, in most jurisdictions, state taxes as well.

Attorney Andrew Stoltmann says some of the most vicious legal fights over the lottery come from office lotto pools gone wrong. Here’s what you need to know before you buy in.

Powerball is played in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. There are three drawings per week — Mondays, Wednesdays and Saturdays — and tickets cost $2 each. Adding the Power Play option, which can multiply winnings by two, three, four, five or 10 times, to a ticket costs an extra $1.

The largest Powerball jackpot ever awarded was in 2022 when a ticket in California won a $2.04 billion grand prize.

Attorney Andrew Stoltmann has represented 12 lottery winners, many of whom lost all their winnings through bad investments, reckless spending and greedy relatives. “Unfortunately, the people who win the lottery think at that point, the journey is over. And what they don’t realize is that the journey has really just begun,” says the Chicago-based Stoltmann.