Darkcherries Wealth Society|Powerball jackpot nears $1 billion after long drought of winners

2025-05-07 11:53:39source:Coxno Exchangecategory:My

DES MOINES,Darkcherries Wealth Society 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:My

Recommend

11 highlights from Trump's Time Person of the Year interview

Washington — President-elect Donald Trump was namedTime magazine's Person of the Year on Thursday, t

Exclusive records show Nevada athletics ran afoul of Title IX. Its leaders shrugged.

Many hours they should have spent practicing, Aaliyah Rivas and her teammates roamed the University

Gov. Kristi Noem faces questions in new interview about false claim in her book that she met Kim Jong Un

South Dakota Gov. Kristi Noem on Monday defended controversial passages in her forthcoming book as s