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The estimated $960 million prize is the world’s ninth-largest lottery jackpot, behind earlier Powerball and Mega Thousands and thousands prizes that each one topped $1 billion.
DES MOINES, Iowa (AP) — One other Powerball drawing Saturday night time, one other probability at a jackpot that’s inching towards $1 billion.
The estimated $960 million prize is the world’s ninth-largest lottery jackpot, behind earlier Powerball and Mega Thousands and thousands prizes that each one topped $1 billion.
The prize has grown so giant as a result of there have been 30 consecutive drawings and not using a huge winner, relationship to July 19. That streak and not using a jackpot winner is as a result of recreation’s lengthy odds, 1 in 292.2 million, which can be designed to make successful uncommon so grand prizes can develop giant.
The $960 million prize is for a sole winner who chooses an annuity, with annual funds over 30 years. Winners nearly all the time take the money possibility, which for Saturday’s drawing can be an estimated $441 million.
Federal taxes will eat into these winnings, and a few states additionally tax huge lottery prizes.
Powerball is performed in 45 states, in addition to Washington, D.C., Puerto Rico and the U.S. Virgin Islands.