The ninth-largest lottery jackpot will probably be at the line when numbers are drawn for a $785 million Powerball prize
ByThe Associated Press
September 25, 2023, 8:53 AM
FILE – A show panel advertises tickets for a Powerball drawing at a comfort retailer, Nov. 7, 2022, in Renfrew, Pa. The ninth-largest lottery jackpot will probably be at the line when numbers are drawn for a $785 million Powerball prize. The payout for the drawing, Monday, Sept. 25, 2023 has grown so massive as a result of it’s been development for greater than two months, since a participant in California matched all six numbers on July 19. (AP Photo/Keith Srakocic, File)
The Associated Press
DES MOINES, Iowa — The ninth-largest lottery jackpot will probably be at the line Monday evening when numbers are drawn for a $785 million Powerball prize.
The payout has grown so massive as a result of it’s been development for greater than two months, since a participant in California matched all six numbers on July 19 and gained $1.08 billion. That’s 28 consecutive drawings with out a large winner.
That winless streak is because of the depressing odds of profitable the Powerball jackpot, at 1 in 292.2 million. It’s the ones lengthy, lengthy odds that lead to such massive best prizes, as they reason the jackpot to roll over week after week.
Although the sport highlights the $785 million prize, that is for a winner who is paid thru an annuity over 30 years. Winners nearly at all times make a choice the money payout choice, which for Monday night’s drawing can be $367 million.
The massive jackpot would even be topic to federal taxes, and a few states additionally tax lottery winnings.
Powerball is performed in 45 states, in addition to Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
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