With only a few hours left until the next Powerball drawing, anticipation is high as the estimated jackpot reaches a whopping $228 million. The lucky winner of this grand prize can choose between annual installments or a lump sum of $112.6 million, before taxes, either of which would be life-changing. The drawing is set for Wednesday, February 7, 2024, at 10:59 PM ET, with drawings also taking place every Monday and Saturday.

In the latest Powerball drawing, no one managed to secure a million-dollar prize. However, five players won $50,000 each by guessing four white balls and the red Powerball, while two players took home a $250,000 Power Play prize each. Additionally, 181 players won $100 each by guessing four white balls, and 89 players secured a $500 Power Play prize each. The drawing also resulted in nearly 270,000 players winning the lowest prize of $4 by guessing either the winning red Powerball or one white ball along with the red Powerball.

After 34 consecutive Powerball drawings without a grand prize winner, a lucky lottery player in Michigan finally secured the jackpot at the start of the year, winning a staggering $842 million.

In addition to the Powerball jackpot, the Mega Millions jackpot is also on the rise, reaching $394 million (or $188.5 million cash option) after the latest drawing. The next Mega Millions drawing is scheduled for Friday, February 9, 2024, at 11 PM ET. With both of these large jackpots up for grabs, the excitement and anticipation among lottery players are at an all-time high.

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