/cloudfront-us-east-2.images.arcpublishing.com/reuters/ASURYJ6HNJKULIKAPVZ3P6T5DA.jpg?w=1068&resize=1068,0&ssl=1 "U.S. Powerball worth world-record $1.6 billion in Saturday night drawing")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ASURYJ6HNJKULIKAPVZ3P6T5DA.jpg?w=1200&resize=1200,0&ssl=1&description=The U.S. Powerball jackpot that will be drawn on Saturday night is the largest lotto prize ever offered at an estimated $1.6 billion, breaking the previous world record the game set in 2016, according to lottery officials.){kind=link}
Nov 5 (Reuters) – The U.S. Powerball jackpot that shall be drawn on Saturday night is the biggest lotto prize ever supplied at an estimated $1.6 billion, breaking the earlier world document the sport set in 2016, in keeping with lottery officers.
No one has received the jackpot since Aug. 3, permitting the prize cash to mushroom and producing a number of enterprise at fuel stations and newsstands across the United States, the place Americans purchase Powerball tickets for $2 a pop.
To win the massive prize, a participant should guess all six fortunate numbers, together with the ultimate “Powerball.” Players have a 1 in 292.2 million probability of profitable the jackpot, and a 1 in 24.9 probability of profitable a smaller prize, in keeping with lottery officers.
Winners could elect to obtain their cash as an annuity, paid in 30 graduated funds over 29 years, or a lump sum money fee. Both kinds of winnings are topic to federal and native taxes.
The drawing will happen at 10:50 p.m. EDT on Saturday (0250 GMT on Sunday) in the Florida state capital of Tallahassee. It would be the fortieth Powerball drawing for the reason that Aug. 3 win.
The longest run in the historical past of the lottery ended on Oct. 4, 2021, when a California ticket holder received a $699.8 million jackpot after 41 drawings.
Reporting by Julia Harte; enhancing by Jonathan Oatis
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