Record-breaking Powerball jackpot climbs to an astounding $1.1 billion ahead of Labor Day, following no victor in Saturday's draw.
Powerball Jackpot Soars to a Record-Breaking $1.1 Billion
The Powerball jackpot is on the rise once again, with Monday's drawing offering a staggering prize of approximately $1.1 billion. This makes it the fifth-largest prize in the game's history.
If a lucky winner chooses the lump sum option, they will receive $498.4 million before taxes. Alternatively, they can opt for the annuity option, which pays out over 30 years, starting with one immediate payment followed by 29 annual payments that increase by 5% each year. The annuity option is worth $1.1 billion in total.
Matt Strawn, Powerball Product Group Chair and Iowa Lottery CEO, expressed excitement about the upcoming draw, stating, "America has waited all year for the chance to play for a billion-dollar jackpot."
Powerball tickets cost $2, and they are sold in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands. The game is run by the Multi-State Lottery Association.
The jackpot surge occurred after no ticket matched all six numbers in Saturday's drawing, which featured white balls 3, 18, 22, 27, 33, and red Powerball 17.
The Power Play multiplier for Saturday's drawing was 3, meaning some lower-tier prizes were tripled.
Unfortunately, the Powerball jackpot of around $1.1 billion on a Monday workday was not won. Instead, two players from Missouri and Texas shared a much larger Powerball jackpot of about $1.8 billion won on a Saturday night, dividing the prize of $1.787 billion between them.
This current jackpot run marks the 40th since the jackpot was last won on May 31, 2021, in California. The longest Powerball run without a winner is 42 consecutive drawings, set in April 2024.
The largest Powerball jackpot on record was a $2.04 billion prize won on November 7, 2022, in California.
So, are you ready to take a chance and become a millionaire? Don't miss out on your opportunity to win a life-changing amount. Good luck!
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