DES MOINES, Iowa – The Powerball jackpot has climbed to an estimated $1.55 billion for Monday evening’s drawing after nobody matched the sport’s six numbers for the large prize Saturday.
The $1.55 billion prize is for a sole winner who’s paid thru an annuity, with annual assessments over 30 years. Most jackpot winners choose for cash, which might be an estimated $679.8 million.
The jackpot is now the fourth-largest U.S. lottery prize after rolling over for 34 consecutive drawings, for the reason that closing time anyone gained the top prize on July 19. That streak trails the file of 41 attracts set in 2021 and 2022. The biggest U.S. jackpot ever used to be a $2.04 billion Powerball prize hit by means of a participant in California in November 2022.
The shortage of Powerball jackpot winners displays the sport’s lengthy odds of one in 292.2 million, that are designed to make profitable uncommon in order that grand prizes can develop massive.
Federal taxes consume into the winnings, and a few states additionally tax large lottery prizes..
Powerball is performed in 45 states in addition to Washington, D.C., Puerto Rico and the U.S. Virgin Islands.