THE Powerball jackpot has now reached over $500 million as players keep failing to win big in the lottery.
It has been months since a player successfully took home the jackpot, and with each week, the money becomes even more life-changing.
The Powerball jackpot has now reached over $500 million as players keep failing to win big in the lotteryAP PhotoFollowing another week of no jackpot wins in the Powerball, the total has hit $503 million.
The jackpot officially passed the $500 million mark on Monday, August 11, after nobody won it the previous Saturday, August 9.
Some players came away with prizes, however.
Three players, located in New Jersey, Virginia and Washington, won the Match 5 $1 million prize.
The winning numbers for the August 11 drawing were 6-16-33-40-62 and the Powerball was 2.
If someone wins the jackpot this coming Saturday, they have the chance to walk away with a one-time cash payment of $230.3 million.
This is only if they match all five of the white numbers and the red Powerball number.
So far this year, there have only been four Powerball jackpot winners, the most recent one being in May in California with $204.5 million.
The first jackpot winner of 2025 came from the state of Oregon, as the player won $328.5 million on January 18.
The second didn’t come until March 29, when a player in California won the $526.5 million Powerball jackpot.
A third jackpot winner from Kentucky won the $167.3 million prize on April 26.
KENTUCKY SEARCH
In Kentucky, lottery officials are looking for the owner of a $1 million Powerball ticket.
It was purchased from a Kroger in the area of Owensboro, with the numbers being drawn on July 7.
The slip had the winning numbers: 33, 35, 58, 61, 69, and the Powerball was 25, according to the website.
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.
To win the $1 million, the player needed to match all of the white numbers, but failed to guess the correct Powerball.
Players only have six months, or 180 days, to come forward and claim the money.
If they do not do this, they will lose the chance to completely.
To claim the ticket, the player should visit the Kentucky Lottery headquarters in downtown Louisville.
In the Owensboro area, a missing ticket worth $225,000 in the Cash Ball 225 is still not claimed.
It was drawn on August 7 and was bought from a QQ Food Mart.
Following another week of no jackpot wins in the Powerball, the total has hit $503 millionAlamyHence then, the article about powerball jackpot grows to over 500 million after no one claimed top prize was published today ( ) and is available on The U.S. Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Powerball jackpot grows to over $500 million after no one claimed top prize )
Also on site :