The Powerball jackpot has hit $1 billion for the drawing on Saturday.
That is the sixth Powerball jackpot to hit the $1-billion mark within the lottery’s 33-year historical past.
Your odds of profitable the jackpot are fairly low — just one in 292.2 million for the jackpot – however somebody goes to win ultimately.
Should you do occur to win, you might have a alternative of how one can gather your prize.
One possibility is one rapid cost, adopted by 29 annual funds that enhance by 5 p.c annually, in accordance with Powerball.
The opposite is a lump-sum cost, which is estimated at $453.1 million for the $1 billion jackpot.
Whichever possibility you select, that’s earlier than taxes.
Should you play, you’ll have lots of competitors for the massive prize. Powerball tickets are bought in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
The principles on whether or not your identify and the way a lot you gained is made public depends upon the place you purchase the ticket. Every jurisdiction has its personal legislation, in accordance with Powerball.
The jackpot has been rising since Might 31 when a ticket bought in California gained.
In reality, tickets to 4 of the 5 largest Powerball jackpots in historical past have been bought in California.
Ten largest Powerball jackpots
- $2.04 billion
- $1.765 billion
- Oct. 11, 2023: California
- $1.586 billion
- Jan. 13, 2016: California, Florida and Tennessee
- $1.326 billion
- $1.080 billion
- July 19, 2023: California
- $1 billion (estimated)
- $842.4 million
- Jan. 1, 2024 – Michigan
- $768.4 million
- March 27, 2019 – Wisconsin
- $758.7 million
- Aug. 23, 2017 – Massachusetts
- $754.6 million
- Feb. 6, 2023 – Washington
Powerball drawings occur each Monday, Wednesday and Saturday at 10:59 p.m. ET. A ticket will value you $2.
The proprietor of a downtown Los Angeles market was stunned when he came upon he bought the profitable Powerball ticket.
