Overview
- The advertised Powerball jackpot rose to $748 million after no one won the Saturday, Aug. 1 drawing, and the next drawing was scheduled for Monday night, Aug. 3.
- The advertised annuity equals $748 million while the lump-sum cash option is $325.1 million, and the odds of winning the jackpot are about 1 in 292.2 million.
- Five Georgia tickets from the Aug. 1 drawing each won $50,000 for matching four white balls plus the Powerball, showing that sizable non-jackpot prizes are still being paid out.
- Powerball plays cost $2, players pick five white numbers (1–69) and one red Powerball (1–26), and an optional $1 Power Play can multiply non-jackpot prizes by 2X–10X.
- Financial advisers say winners should keep the ticket secure, stay quiet, hire tax and legal professionals, deposit funds with major brokerages and use short-term U.S. Treasuries while planning longer-term strategy.