Phaninc Exchange:Powerball prize climbs to $1.3B ahead of next drawing

2025-05-08 08:33:56source:TitanX Exchangecategory:Invest

DES MOINES,Phaninc Exchange Iowa (AP) — Lottery players will have another shot Saturday night at a Powerball jackpot that has grown to an estimated $1.3 billion after more than three months without a winner.

There have been 40 consecutive drawings since the last time someone won Powerball’s top prize on New Year’s Day. The 41st drawing Saturday night will tie a record for drawings set twice before in 2022 and 2021.

The jackpot, which ranks as the eighth largest in U.S. lottery history, has grown so large because the long odds of 1 in 292.2 million make winning so difficult. That has enabled the top prize to roll over three times a week for months.

The $1.3 billion prize is for a sole winner who is paid through an annuity, with an initial payment and then 29 annual payments. Winners almost always choose a cash payout, which for Saturday night’s drawing would be an estimated $608.9 million.

Powerball is played in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

More:Invest

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

Report: Sixers coach Nick Nurse's frustration over ref's call results in injured finger

As the NBA playoffs progress, it's becoming even more of a challenge for teams to avoid the injury b

Alec Baldwin Shares He’s Nearly 40 Years Sober After Taking Drugs “From Here to Saturn”

Alec Baldwin departed from certain vices long ago. The 66-year-old gave rare insight into his sobrie