Powerball Jackpot soars to $1 billion after no winner in Monday’s drawing | National News |
The Powerball jackpot has reached a staggering $1 billion after Monday’s drawing failed to produce a winner. The winning numbers for the drawing were 5, 8, 9, 17, 41, and the Powerball number was 21. The estimated jackpot prior to the drawing was $900 million. This upcoming Wednesday’s drawing will feature the seventh highest jackpot in U.S. history and the third largest in Powerball’s history.
For those participating in the Powerball, they have the choice between a $1 billion payout distributed over yearly increments or a lump sum of $516.8 million before taxes. In the most recent drawing, three individuals won $2 million each by matching all five numbers plus the Power Play. The winning tickets were sold in Arkansas, Georgia, and Texas. Additionally, five individuals won $1 million each by matching all five numbers. The winning tickets were sold in Connecticut, Florida, Kentucky, New York, and Pennsylvania.
Powerball is known for its massive jackpots, which are made possible by the game’s odds of 1 in 292.2 million. These unfavorable odds contribute to the accumulation of large prizes that attract more players. The largest Powerball jackpot to date was $2.04 billion in November of the previous year. The jackpot has been continuously growing since the last winner on April 19, with 38 consecutive drawings failing to produce a grand prize winner. The jackpot will continue to increase until someone claims the winning ticket.
Powerball is available in 45 states across the United States, including Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
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