The Powerball jackpot has soared to a staggering $925 million, as Wednesday night’s draw once again failed to produce a grand prize winner, extending a period of lottery drought that has persisted for over two months. The numbers drawn were 1, 7, 46, 47, 63, with a red Powerball 7. This swelling jackpot is now ranked as the ninth-largest lottery prize globally, with the top prizes in Powerball and Mega Millions games historically exceeding $1 billion.
The colossal prize has been accumulating due to a series of 30 consecutive draws, dating back to July 19, without a jackpot winner. This is attributed to Powerball’s formidable odds of 1 in 292.2 million, a design to amass substantial jackpots. Such prizes continue to grow as the pot rolls over each time there is no grand prize winner, with the record being a $2.04 billion Powerball won by a Californian player in November 2022. A standard ticket costs $2, with players having the option to select their numbers or entrust the selection to a computer.
This $925 million prize represents the annuity option, to be disbursed over 30 years, for any sole winner from Saturday night’s draw. Historically, winners predominantly opt for the cash option, which for this draw is an estimated $432.4 million, subject to federal and potentially state taxes. Powerball is accessible in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
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