National News
The estimated jackpot for the next drawing Monday night remains the world’s ninth-largest lottery prize of all time.
By Associated Press
October 1, 2023 | 9:28 AM
DES MOINES, Iowa (AP) — The Powerball jackpot climbed to an estimated $1.04 billion after no players hit it big Saturday night, continuing a stretch of lottery futility lasting for more than two months.
The numbers drawn were: 19, 30, 37, 44, 46 and red Powerball 22.
The estimated jackpot for the next drawing Monday night remains the world’s ninth-largest lottery prize of all time.
The $1.04 billion jackpot is for a sole winner who opts for payment through an annuity, doled out over 30 years. Winners almost always take the cash option, which would be an estimated $478.2 million for Monday’s drawing.
Those winnings would be subject to federal taxes, while many states also tax lottery prizes.
The jackpot has grown so large because there have been 30 consecutive drawings without a big winner, dating back to July 19. Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins.
The largest jackpot was a $2.04 billion Powerball prize hit by a player in California in November 2022.
In most states, a Powerball ticket costs $2 and players can select their own numbers or leave that task to a computer.
Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Boston Globe – https://www.boston.com/news/national-news/2023/10/01/powerball-hits-1-04b-after-another-drawing-without-big-winner/
