"If someone wins on Saturday, they can choose between an annuitized prize of $1 billion or a lump sum payment of $461.3 million, before taxes, according to a Powerball news release. If the winner picks the annuity option, they receive one payment immediately and then 29 annual payments, increasing by 5% each year. The odds of winning the jackpot are 1 in 292.2 million, and the overall odds of winning any prize are 1 in 24.9."
"Saturday's drawing will be the 42nd in the current jackpot run, tying the April 2024 record for the most consecutive drawings without a six-number winner. Three tickets sold in Maryland, Michigan and New Jersey matched five white balls Wednesday to win $1 million, but fell short of the full jackpot. Two Southern Californians have won the Powerball jackpot so far this year. One ticket worth $515 million was sold in Anaheim in March, and another worth $205 million was purchased two months later in Arleta."
The Powerball jackpot stands at an estimated $1 billion ahead of Saturday's drawing after no ticket matched all six numbers on Wednesday. The recent draw numbers were white balls 10, 16, 29, 33, 69 and the red Powerball 22. The prize ranks as the seventh-largest Powerball jackpot and the second billion-dollar jackpot this year. The upcoming drawing is the 42nd in the current run, tying a record for consecutive drawings without a six-number winner. Several tickets won lesser prizes, and winners can choose a $1 billion annuity or a $461.3 million lump sum before taxes.
Read at Los Angeles Times
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