ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Christmas Powerball Jackpot Hits a Whopping $638 Million; Winner to Be Announced on Christmas Night

The chances of winning the Powerball jackpots on Christmas are pretty slim, but in 2013, a player from Missouri claimed a $71.5 million jackpot.
UPDATED DEC 25, 2023
Cover Image Source: Owners and employees celebrate after selling the winning ticket number of Spain's Christmas lottery named 'El Gordo' (The Fat One) | Getty Images
Cover Image Source: Owners and employees celebrate after selling the winning ticket number of Spain's Christmas lottery named 'El Gordo' (The Fat One) | Getty Images

The Christmas Powerball jackpot has soared to $638 million with a cash value of  $321.1 million which marks a historic moment. Shoppers still have time till Monday at 9:59 PM as the winners will be announced at 11:00 PM on Christmas night. The probability of winning the Powerball jackpots on Christmas is pretty minute and intense but in 2013, a player from Missouri claimed a $71.5 million jackpot. It's a coincidence this time that the Powerball announcement is going to be at Christmas night and the winner is going to have a pretty lucky and merry Christmas.

Christmas is gonna be super exciting and life-changing for the Powerball Jackpot winner|Pexels
The Christmas Powerball jackpot has soared to $638 million | Pexels

Powerball, the massive lottery game played in the whole of America is offered by 45 states and supervised by the Multi-State Lottery Association (MUSL). It has huge jackpot games and drawings of winners are held biweekly on Wednesdays and Saturdays and if there are no winners then the price keeps adding up. The Powerball drawings are held at 10:59 p.m. EST, at the Florida Lottery's headquarters in Tallahassee. To play Powerball, the players have to spend $2 per play and then select five numbers from 1 to 69 for the white balls and 1 to 26 for the red ones. You can either choose your lucky numbers or let the lottery pick up random ones.

 Forms to pick numbers for Powerball are on display in a store on October 04, 2023 in Miami, Florida. Wednesday's Powerball drawing will be an approximately $1.2 billion jackpot.|Getty Images|Photo by Joe Raedle
Forms to pick numbers for Powerball are on display in a store on October 04, 2023, in Miami, Florida. | Getty Images | Photo by Joe Raedle

When you play the Powerball lottery, you can increase your winnings by two, three, four, five, or even ten times through the Power Play option. To use Power Play, you just have to pay an extra $1 per play. If you win a prize (except for the main jackpot) and have used Power Play, your prize money can be multiplied up to 10 times. However, this special multiplier is available only when the jackpot is $150 million or less. All the prizes, except for the main jackpot, have fixed cash amounts. It's important to note that in California, the amount of prize money depends on how many tickets are sold and the number of winners. So, playing Powerball with Power Play can give you a chance to boost your winnings.

Here are some nine ways and combinations through which you can win some amount for yourself if not the jackpot. 

·       5 white balls + 1 red Powerball = Grand prize

·       5 white balls = $1 million

·       4 white balls + 1 red Powerball = $50,000

·       4 white balls = $100

·       3 white balls + 1 red Powerball = $100

·       3 white balls = $7

·       2 white balls + 1 red Powerball = $7

·       1 white ball + 1 red Powerball = $4

·       1 red Powerball = $4

Players who wish to play and win the Powerball jackpot can purchase tickets from gas stations, convenience stores, grocery stores, and airport terminals and can even buy them online. The chances of winning the big Powerball jackpot are pretty tough i.e. there's only a one in 292 million chance but still people go for it and at least win some prizes.

Some of the largest played and won Powerball jackpots include:

- $2.04 billion from one winning ticket in California in November 2022

- $1.76 billion from one winning ticket in California in October 2023

- $1.586 billion from three winning tickets in California, Florida, and Tennessee in January 2016

- $1.08 billion from one winning ticket in California in July 2023

- $768.4 million from one winning ticket in Wisconsin in March 2019

 Forms to pick numbers for Powerball are on display in a store on October 04, 2023 in Miami, Florida. Wednesday's Powerball drawing will be an approximately $1.2 billion jackpot.|Getty Images|Photo by Joe Raedle
Forms to pick numbers for Powerball are on display in a store
| Getty Images | Photo by Joe Raedle

The last Powerball jackpot lottery was won on October 11 and the player took the prize of $1.765 billion. Players are keeping their fingers crossed as the next winners' announcement will be done on Christmas night.

MORE ON MARKET REALIST
The Secretary of Health and Human Services loves the President for giving him creative liberty.
17 hours ago
CEO Brian Moynihan negated the concerns of a K-shaped economy, claiming January spending is up.
17 hours ago
Howard Lutnick claimed the U.S. GDP could grow by 6% in the first quarter, thanks to the tariffs.
23 hours ago
When Harvey heard how much KC was willing to spend on his anniversary dinner, he was shocked.
23 hours ago
The December retail report and the bond market have undermined expectations of strong growth.
1 day ago
Citing Trump's four engines of growth, Peter Navarro says non-inflationary growth is coming.
1 day ago
Economists argue that a disruption in the supply chain could cause a pandemic-like effect in automotive industry
1 day ago
CEO Scott Boatwright had to clarify his alleged focus on the $100K club customers after backlash
1 day ago
Steve Rattner argues that the tariffs have hurt the U.S. but not slowed down the Chinese economy.
2 days ago
While the White House is parading the hefty tax returns, the political payoff may be disappointing
2 days ago
Governor Mike DeWine cautioned that the sales tax could go up to 20% to make up for the lost revenue
2 days ago
Trump reportedly muzzled Consumer Financial Protection Bureau, costing Americans billions in relief
3 days ago
Harvey issued a stern warning to the contestants, once the burn kicked in.
3 days ago
Minute Maid’s existing frozen concentrate range comes in many exciting flavors such as orange juice, lemonade, and more.
5 days ago
The room burst into laughter as soon as the prize was revealed.
5 days ago
The Treasury Department has also doubled the standard deduction, impacting 90% of taxpayers.
5 days ago
Harvey couldn't believe some of the answers that the Peele family came up with.
6 days ago
Even host Ryan Seacrest admitted the puzzle was tricky to solve with the given letters.
6 days ago
The bill in Oklahoma will reportedly affect thousands, including children entitled to the benefits.
6 days ago
The guest who thought her gift would be worth $3,500, was left almost shaking in the end.
6 days ago