Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

By Susie Poppick
Updated: January 12, 2016 1:25 PM ET | Originally published: January 7, 2016
SAUL LOEB—AFP/Getty Images

After nobody produced a winning Powerball combination for the $900 million jackpot on Saturday night, the lottery rocketed to $1.5 billion by Monday.

The most anyone has ever won playing Powerball is $591 million in 2013. But the game—played in 44 states, plus Washington, D.C., and two U.S. territories—is not even where Americans have won biggest. Until now, the record for the highest jackpot in North America has been $656 million, for a Mega Millions drawing in 2012.

Read More: The One Time It’s Mathematically Advantageous to Play Powerball

Winners of the latest jackpot can either choose to receive $1.5 billion spread out in annual payments over 29 years, or about $930 million in an immediate cash payout. The drawing for the record-breaking prize will be held on Wednesday.

In case you’re lucky enough to hold the winning combination, lotto execs say you should sign your ticket as soon as possible. You’ll also need two forms of ID to claim the prize. Of course, you shouldn’t count on winning: You still have a better chance of becoming the next Warren Buffett or U.S. president—or getting crushed by a meteorite.

 

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST