- The Powerball jackpot has reached a staggering $1.5 billion.
- This is the largest jackpot since a $1.08 billion win in July.
- The all-time record for the largest Powerball jackpot stands at $2.04 billion in 2022.
The Powerball jackpot has soared to an incredible $1.55 billion following 34 consecutive drawings without a winner.
With an estimated cash value of $679.8 million if claimed as a lump sum, this is now the highest potential jackpot prize since the $1.08 billion win in July, according to Powerball’s official statement.
The largest jackpot ever won in Powerball history was a staggering $2.04 billion. This record-breaking prize was claimed by a lucky individual from California in 2022.
While the recent drawing on Saturday did not result in a jackpot winner, ten individuals successfully matched all five white balls to win $1 million each.
Insider spoke to Emily Irwin, an advisor at Wells Fargo Bank who specializes in working with lottery winners. Irwin emphasized the importance of careful financial planning and navigating personal relationships for individuals fortunate enough to win such substantial awards. You can find more insights on managing lottery winnings in this Business Insider article.
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