Powerball jackpot nears $1 billion after lengthy drought of winners

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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.

An individual exhibits his scan card for his or her private choice numbers for a ticket for a Powerball drawing on Nov. 7, 2022 in Renfrew, Pa. An $835 million Powerball jackpot will likely be up for grabs Wednesday, Sept. 27, 2023, for gamers keen to threat a pair {dollars} and courageous extremely lengthy odds.(AP Picture/Keith Srakocic, File) AP

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.


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