Key facts
- Estimated jackpot
- $786 million
- Cash value
- $341.6 million
- Next drawing
- Wednesday, Aug. 5, at 10:59 p.m. ET
- Monday's winning numbers
- Red Powerball 4, Power Play 2X
- Wisconsin winner
- $2 million (Match 5 with Power Play)
Background
Powerball is a multi-state lottery game in the United States, with drawings held every Monday, Wednesday, and Saturday. Players select five numbers from 1 through 69 and one red Powerball number from 1 through 26. The jackpot is won by matching all five white balls in any order and the red Powerball.
Tickets cost $2 per play in most participating jurisdictions. Jackpot winners can choose between an annuity paid through 30 graduated payments over 29 years or a one-time lump-sum payment. Both advertised amounts are before federal and local taxes.
Current situation
No ticket matched all six numbers in Monday night's Powerball drawing, according to Powerball. The winning numbers for Monday, Aug. 3, included a red Powerball of 4 and a Power Play multiplier of 2X.
As a result, the estimated jackpot for the next drawing has grown to $786 million, with a cash value of $341.6 million. One ticket sold in Wisconsin matched all five white balls and included Power Play, earning a $2 million prize. No ticket won the standard $1 million Match 5 prize without Power Play.
The next drawing will be held Wednesday, Aug. 5, at 10:59 p.m. ET. Ticket sales deadlines vary by jurisdiction and may fall one to two hours before the drawing.
| Date | Jackpot | Cash value | Outcome |
|---|---|---|---|
| Monday, Aug. 3 | Not specified | Not specified | No jackpot winner |
| Wednesday, Aug. 5 | $786 million | $341.6 million | Upcoming drawing |
Impacts
The growing jackpot is likely to increase ticket sales in participating jurisdictions, as players are drawn to larger prizes. The estimated $786 million jackpot is among the larger amounts in recent Powerball history, though the exact rank is not specified in the source.
If a winner emerges on Wednesday, they will face a choice between the annuity option, paid over 29 years, or a lump-sum cash payment of $341.6 million before taxes. The final amount received will be reduced by federal and local taxes, as noted by Powerball.
The Wisconsin ticket holder who won $2 million will receive that prize, which is double the standard $1 million Match 5 prize due to the Power Play multiplier.
Future outlook
Scenario analysis: The possibilities below are not certain predictions.
If no ticket matches all six numbers in Wednesday's drawing, the jackpot could continue to grow for the following Saturday drawing. The exact increase would depend on ticket sales, which typically rise with the jackpot size.
If a winning ticket is sold, the winner may choose the annuity or cash option. The identity of any winner and the location of the winning ticket, if any, would be announced after the drawing.
Players are reminded that the odds of winning the jackpot are extremely low, and the advertised amounts are before taxes. The next drawing is scheduled for Wednesday, Aug. 5, at 10:59 p.m. ET.
Source: fox29.com
