The Powerball jackpot climbed to an estimated $925 million after no one beat the immense odds and won the giant prize.
The Powerball jackpot climbed to an estimated $925 million after no players hit it big Wednesday night, continuing a stretch of lottery futility that has lasted for more than two months.The jackpot for the next drawing Saturday night remains the world's ninth-largest lottery prize of all time, behind earlier prizes in the Powerball and Mega Millions games that all topped $1 billion.
The jackpot has grown so large because there have now been 30 consecutive drawings without a big winner, dating back to July 19. Powerball's terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. The largest jackpot was a $2.04 billion Powerball prize hit by a player in California in November 2022.
In most states, a Powerball ticket costs $2 and players can select their own numbers or leave that task to a computer. The $925 million jackpot is for a sole winner who opts for payment through an annuity, doled out over 30 years. Winners almost always take the cash option, which for Saturday night's drawing would be an estimated $432.4 million.Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.© 2023 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
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