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Powerball finds no winner for its 34th consecutive drawing. The jackpot now stands at more than $1.5 billion.

Oct 8, 2023, 21:05 IST
Insider
The California Lottery said on Twitter that a ticket sold in Los Angeles won the billion dollar Powerball jackpot.Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images
  • The Powerball jackpot has skyrocketed to $1.5 billion.
  • The jackpot is the largest it has been since a $1.08 billion win in July.
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The Powerball jackpot has risen to an astronomical $1.55 billion after 34 consecutive drawings with no winner.

The jackpot now has an estimated cash value of $679.8 million if a winner takes the award as a lump sum. It is the largest potential jackpot prize since someone won $1.08 billion in July, Powerball said in a release.

The largest jackpot prize in Powerball history was $2.04 Billion. The winning number was sold to someone in California in 2022, according to the organization.

Though Saturday's drawing did not produce a jackpot winner, 10 people managed to match all five white balls to win $1 million.

Emily Irwin, an advisor at Wells Fargo Bank who works with lottery winners, told Insider that anyone lucky enough to win a large award like this one will need to prepare carefully for how they manage their money, as well as their personal relationships.

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