EAI Community :Powerball jackpot nears $1 billion after long drought of winners

2025-05-06 02:05:56source:Charles H. Sloancategory:reviews

DES MOINES,EAI Community  Iowa (AP) — Another Powerball drawing Saturday night, another chance at a jackpot that is inching toward $1 billion.

The estimated $925 million prize is the world’s ninth-largest lottery jackpot, behind earlier Powerball and Mega Millions prizes that all topped $1 billion.

The prize has grown so large because there have been 30 consecutive drawings without a big winner, dating to July 19. That streak without a jackpot winner is due to the game’s long odds, 1 in 292.2 million, that are designed to make winning rare so grand prizes can grow large.

The $925 million prize is for a sole winner who chooses an annuity, with annual payments over 30 years. Winners almost always take the cash option, which for Saturday’s drawing would be an estimated $432.4 million.

Federal taxes will eat into those winnings, and some states also tax big lottery prizes.

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

More:reviews

Recommend

For those in their 40s, navigating finances should mean putting an emphasis on retirement

For 48-year-old Rowan Childs of Wisconsin, a recent divorce turned her financial life upside down. "

Kirk Cousins, Chris Jones, Saquon Barkley are among the star players set to test NFL free agency

Kirk Cousins will be a free agent for the first time since the Vikings gave him the first fully-guar

Sex abuse survivors dispute Southern Baptist leadership and say federal investigation is ongoing

The status of a federal investigation into a leading Southern Baptist agency’s handling of sexual ab