Back in 1987, when the first multi-state lottery was created, the organizers agreed that the jackpot would be capped at $80 million due to concerns about what people would do if they won more money than they could possibly need. Fast forward 4 decades later, and we’re pretty much at a point where $80 million wouldn’t even be enough to purchase the kind of mega yacht you so richly deserve. Jackpots over a billion dollars are now the norm. In fact, ever since the lottery first reached one billion dollars in January 2016, there have been 14 additional instances where it has reached that mark, including twice in late 2025 alone. Here’s a look at the 10 biggest lottery jackpots ever!
10. $1.33 billion — April 2024 — Portland, Oregon
Our first winners feature an inspirational twist. Back in 2016, Cheng “Charlie” Saephan received news nobody ever wants to hear: he had cancer. For the next 8 years, as he courageously battled his illness, he was due something good. In this case, it was winning the $1.33 billion Powerball prize. He, along with his wife and their good friend, split the winnings three ways, which came out to around $140 million each after taxes. He stated he wanted to use his winnings to buy a dream home and receive the best medical treatment possible. Amazing indeed!
The 10 BIGGEST Lottery Jackpots EVER! 