The annuity prize is the option worth an estimated $1.04 billion, whereas the second option, a lump sump paid in full to the winner right away, is worth an estimated $478.2 million. If there is a winner during Monday's draw, that player, or players, will have the option to receive their prize in annual annuities, starting with one payment given out immediately and followed by yearly payments that increase by 5% each time. The Powerball jackpot stands at a record 1.9 billion after it rolled over Saturday night because no ticket matched all six drawn numbers white balls 28, 45, 53, 56 and 69 and red Powerball 20. The estimated $1.04 billion Powerball jackpot has a cash value of $478.2 million. Like past drawings, it will also be available to live stream on. The next Powerball drawing is set for Monday night, Oct. ET at the Florida Lottery draw studio in Tallahassee.
Powerball drawings happen weekly on Monday, Wednesday and Saturday nights, beginning at 10:59 p.m. The Power Play multiplier was 2x on Saturday. Two other tickets, purchased in Indiana and North Carolina, matched the five white balls too, but they won $2 million prizes since ticket holders bought them with the Power Play multiplier, an add-on feature that costs an additional $1 but increases a winner's earnings by whatever the 'multiplier' factor is on a given night. Five tickets, purchased in Florida, Maryland, Michigan and Pennsylvania, matched the first five numbers - all white balls - and earned $1 million prizes.
