Powerball Jackpot Approaches $1B After No Winners for a While.
DES MOINES, Iowa—Excitement fills the air as the numbers for the jaw-dropping $960 million Powerball jackpot were drawn on Saturday night. Players from all corners of the country eagerly await the announcement of the lucky winner.
The winning numbers that emerged are: 19, 30, 37, 44, 46, and the red Powerball 22.
Anticipation builds as lottery officials take their time to determine if there’s a lucky winner of the colossal jackpot.
The staggering $960 million prize is reserved for a single winner who chooses the annuity payment option, spread out over 30 years. However, most winners opt for the cash option, which for this drawing would amount to an estimated $441.4 million.
It’s important to note that these winnings are subject to federal taxes, and many states also impose taxes on lottery prizes.
This mind-boggling jackpot now stands as the ninth-largest lottery prize in the world, trailing behind previous Powerball and Mega Millions prizes that all exceeded $1 billion.
The reason for this astronomical amount is the absence of a jackpot winner in the past 29 consecutive drawings, dating back to July 19. Powerball’s odds of 1 in 292.2 million are intentionally designed to generate massive jackpots, which continue to grow when no one claims the prize.
The largest jackpot in history was a staggering $2.04 billion Powerball prize won by a fortunate player in California in November 2022.
In most states, a Powerball ticket costs $2, and players have the option to choose their own numbers or let a computer do it for them.
Powerball is played in 45 states, as well as the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
What were the odds of winning the $960 million Powerball jackpot?
Projection
