The Powerball jackpot for Wednesday night’s drawing will be an estimated $1.4 billion – the largest lottery jackpot in the world. The cash payout (in lieu of the Annuity), would be $868-million.
While the Powerball is the largest such jackpot in the world, it’s worth noting that Spain’s massively popular Christmas lottery, known as “El Gordo,” is ranked as the world’s richest, though it doles out a single jackpot among millions of prizes, instead of one large jackpot like the Powerball. El Gordo last month showered 2.2 billion euros ($2.4 billion) across the country.
As for the U.S., here’s a look at the 10 previous highest jackpots and where the winners were from:
1. $656.0 million, Mega Millions, March 30, 2012 (three tickets from Kansas, Illinois and Maryland)
2. $636 million, Mega Millions Dec 17, 2013, (two tickets, from California and Georgia)
3. $590.5 million, Powerball, May 18, 2013 (one ticket from Florida)
4. $587.5 million, Powerball, Nov. 28, 2012 (two tickets from Arizona and Missouri)
5. $564.1 million, Powerball, Feb 11, 2015 – (three tickets, from North Carolina, Puerto Rico and Texas)
6. $448.4 million, Powerball, Aug 7, 2013, (three tickets, one from Minnesota and two from New Jersey)
7. $425.3 million, Powerball, Feb 19, 2014 – (one ticket from California)
8. $414 million, Mega Millions, March 18, 2014, (two tickets from Florida and Maryland)
9. $399.4 million, Powerball, Sept 18, 2013, (one ticket from South Carolina)
10. $390.0 million, Mega Millions, March 6, 2007 (two tickets from Georgia and New Jersey)