Powerball jackpot up to $1.6 billion, new lottery record

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Powerball jackpot up to $1.6 billion, new lottery record
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DES MOINES, Iowa (AP) — Strong sales boosted a Powerball jackpot to an estimated $1.6 billion on Friday, making it the largest lottery prize in history.

A drawing will be held Saturday night for the Powerball prize, which hasn’t been won in more than three months. That string of 39 consecutive drawings without a winner is a reflection of the tough odds of winning a jackpot, at 1 in 292.2 million.

The advertised jackpot is the prize for a winner who chooses an annuity, paid annually over 29 years. Almost all winners instead opt for the cash prize, which for Saturday night’s drawing would be an estimated $782.4 million.

The new jackpot tops the  won in 2016 by three Powerball players in California, Florida and Tennessee.

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

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The Powerball jackpot has soared to $1.9 billion after no one won the lottery drawing on Saturday night.

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A yet-nameless person from California has now claimed the largest-ever Powerball jackpot of $2.04 billion.

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💰 A winner in California matched EVERY number of the record US Powerball jackpot of $2.04bn! If they opt for a cash pay-out, they will receive $997.6m in one lump sum. The odds of winning the jackpot? 292.2 million to one. 🤯

💰 A winner in California matched EVERY number of the record US Powerball jackpot of $2.04bn!

If they opt for a cash pay-out, they will receive $997.6m in one lump sum.

The odds of winning the jackpot? 292.2 million to one. 🤯