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Powerball Jackpot Soars to $1 Billion

by Sharon Aron Baron October 31, 2022

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By Sharon Aron Baron

The jackpot for Monday night’s Powerball drawing has increased to an estimated $1 billion.

The Powerball jackpot has rolled 36 times since the August 6, 2022, drawing, generating a staggering $49.9 million in contributions to Florida’s Educational Enhancement Trust Fund (EETF).

Jackpot winners have the option to receive their winnings in 30 annual installments or as a one-time, lump-sum cash option of approximately $497.3 million. In addition to the jackpot, players have the chance to win non-jackpot prizes ranging from $4 to $2 million by matching other number combinations.

Powerball jackpots start at $20 million and roll until the jackpot is won. Players win by matching the five white ball numbers (1-69) and the Power Ball number (1-26). The overall odds of winning a prize in the game are approximately 1-in-24.87.

Players can purchase tickets at any of the more than 13,000 Lottery retailers across the state for the chance to become Florida’s newest multi-millionaire. Players are reminded to sign the back of their tickets at the time of purchase and keep them in a safe place. The integrity of all games is of utmost importance to the Florida Lottery. As always, the Florida Lottery reminds all players to play responsibly and remember that it only takes one ticket to win.

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Sharon Aron Baron

Sharon Aron Baron is the Editor of Tamarac Talk, Coral Springs Talk, Margate Talk, Coconut Creek Talk and Parkland Talk. Tamarac Talk was created in 2011 to provide News for the residents of Tamarac and is the #1 News Source for Residents.