"A Powerball drawing will be held Saturday for what would be second-highest lottery jackpot on record: an estimated $1.8 billion. The prize ballooned after the lottery held more than 40 consecutive drawings without anyone matching all of the game's six numbers. Whenever a drawing fails to get a winner, the lottery rolls over the winnings. The game's terrible odds of 1 in 292.2 million are designed to generate big jackpots and ever-larger prizes."
"The largest jackpot on record, $2.04 billion, was drawn in 2022 and went to a California ticket buyer. No one has won the grand prize since May 31. The $1.8 billion jackpot is for a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game's cash option, which for this drawing would be an estimated $826.4 million."
A Powerball drawing will be held Saturday with an estimated $1.8 billion jackpot, the second-highest on record. The prize grew after more than 40 consecutive drawings without a winner, causing rollovers. The odds of matching all six numbers are 1 in 292.2 million. Drawings occur three times weekly. The largest jackpot was $2.04 billion in 2022, won by a California ticket buyer. No grand prize winner has emerged since May 31. The $1.8 billion figure is the annuity value paid as 30 payments over 29 years; the cash option is estimated at $826.4 million. Powerball tickets cost $2 and are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
Read at Boston.com
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