The top prize of the US Powerball jackpot, which could be paid out on Saturday, has risen to $1.6 billion, the world’s largest lottery prize ever.
The jackpot has grown steadily since the top prize was last won on August 3 in Pennsylvania.
Saturday’s drawing, which will take place at 10:59 PM (02:59 GMT) at the Florida Lottery studio, will mark the 40th Powerball drawing since the last jackpot was won.
The last Powerball record jackpot came in 2016 when tickets in California, Florida and Tennessee shared a $1.586 billion jackpot.
According to Powerball organizers, the odds of winning the jackpot are 1 in 292.2 million.
Winning cardholders are not the only ones to get a payday in the draw. The US tax authorities will collect about 40 percent of the jackpot, and the state and local authorities may also want a share.
Any single Powerball winner could choose to receive a lump sum calculated for Saturday’s jackpot at $782.4 million. Or they can opt for 30 graduated benefits over 29 years.
Powerball tickets cost $2 to purchase and are sold in 45 US states, the District of Columbia, Puerto Rico, and the US Virgin Islands.
To play Powerball, a card buyer must choose five different numbers from one to 69 and then choose a Powerball number from one to 26.
Then the buyer goes home and dreams big — of mansions, new cars, fine dining and luxury vacations — while waiting for the results of the draw and the likely disappointment afterward.
If no one wins the jackpot in Saturday’s draw, it will equal the record for the longest piece without a top prize.
Prior to the huge Powerball payout of 2016, previous records were set in 2019 in Wisconsin ($768.4 million) and in 2017 in Massachusetts ($758.7 million).
(Except for the headline, this story has not been edited by NewsMadura staff and has been published from a syndicated feed.)
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