NEW YORK — The Powerball jackpot reached an estimated $1.6 billion on Friday, making it the largest jackpot ever, lottery officials said.
The record-setting jackpot has ballooned after 39 consecutive drawings yielded no grand prize winner, lottery officials said.
If a player's ticket matches all six numbers drawn on Saturday night, it will be the largest jackpot won in U.S. lottery history -- surpassing the previous world-record-setting $1.586 billion Powerball jackpot in 2016. Although there was no jackpot winner in the last drawing on Wednesday night, more than 7.2 million tickets won cash prizes totaling $74.9 million. The overall odds of winning a prize are 1 in 24.9, according to Powerball.
Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Both advertised prize options do not include federal and jurisdictional taxes, Powerball said.
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