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September 01, 2020 1:43pm
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Powerball jackpot soars to $1.20B – the largest of 2023 – after no winners in Monday night's drawing

The Powerball jackpot now sits at an estimated $1.20 billion, the largest prize of 2023, ahead of Wednesday night's drawing. Players have a 1 in 292.2 million chance of winning it.

The Powerball jackpot continues to rise after no tickets matched all six numbers Monday night to claim the $1.07 billion grand prize.

The massive jackpot now sits at an estimated $1.20 billion – with a one-time cash payout option of $551.7 million – ahead of Wednesday night's drawing. It is the third-largest prize offered in the game's history.

The winning numbers drawn Monday night were 12, 26, 27, 43 and 47 with a red Powerball number of 5. The Power Play option was 2X. There is a 1 in 292.2 million chance of winning the grand prize, according to the game. 

Four lucky winners did claim a good chunk of cash after matching all five white numbers, the game announced Monday night. One player in Delaware and another Michigan won $1 million while two players – one in New York and one in South Carolina – won $2 million through the Power Play option.

POWERBALL JACKPOT ABOVE $1 BILLION: WHAT'S THE TAX BILL?

The last time a Powerball player claimed the winning jackpot was in July when a Californian snagged the $1.08 billion prize, the lottery said. At the time, that was the largest Powerball jackpot of 2023 and the third-largest in the game's history.

The jackpot has been up for grabs in 32 consecutive drawings since the July win.

CALIFORNIA CONVENIENCE STORE OWNER REACTS TO SELLING WINNING $1 BILLION POWERBALL JACKPOT: ‘SURPRISED’

Behind that was a $754.6 million grand prize won by a player in Washington in February, which is now marked as the game's seventh-largest prize ever.

CLICK HERE TO READ MORE ON FOX BUSINESS

Powerball tickets are $2 per play and are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

The game says more than half of the proceeds from a ticket sale remain in the jurisdiction where it was sold.

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