New York Powerball Hopefuls Line Up For A Chance To Win $1.3 Billion Scott Olson/Getty Images

The jackpot for the Powerball drawing for May 23 jumped to an estimated $125 million with a cash value of $73.4 million. The Monday winning numbers were 01, 33, 37, 39 and 42. The Powerball drawn was 26 with a Power Play of 2x.

There were no lucky winners of the Monday's jackpot of $125 million with a cash value of $73.4 million. One player won the second prize worth $1 million. Meanwhile, six players have won the third prize, which is $50,000, while three lucky players who purchased Power Play won $100,000 each. The winners matched four of the white ball numbers and the red Powerball. A lot smaller prizes have been won, 159 players who matched four white ball numbers, which put their winnings at $100, while 66 people with Power Play won $200.

The next Powerball draw will be on May 25 with an estimated jackpot of $135 million with a cash value of $79.2 million.

To get a chance to win the jackpot, a player must match the six numbers on their ticket to the drawn six-number combination. The five numbers need to be selected from 1 to 69 for the white balls, while the remaining number is selected from 1 to 26 for the red Powerball.

To claim the jackpot prize, the winners will have options; they can either select their prize as an annuity or a lump-sum payment. The annuity guarantees the winner to receive 30 graduated payments over 29 years. The annual payments increase by 5% until the 30th and final payment. The 30 payments add up equal the value of the annuity.

The Powerball costs $2 per play. Powerball is available in 45 states, Washington DC, Puerto Rico and the US Virgin Islands

Drawings are held on Mondays, Wednesdays and Saturdays at 10:59 pm ET. Meanwhile, the sales cut-off times vary depending on the selling jurisdiction, mostly by one to two hours before the drawing schedule.

The Powerball drawing is aired live on TV stations throughout the state; WBKB-TV 11 (CBS), WDIV-TV 4 (NBC), WNEM-TV 5 (CBS), WXSP-TV (MyNetwork TV), WLAJ-TV 53 (ABC), WMKG-TV 38 (IND), WLUC-TV 6 (NBC/FOX) and WGTU-TV 29/WGTQ-TV 8 (ABC).

Lottery Winnings North Carolina
Gregg Hensley, who had previously won over $30,000 in two different lottery wins, found himself winning over $200,000 after being selected in the second-chance lottery drawing that had his entry. This is a representational image. Erik Mclean/Unsplash.

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