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After another drawing without a significant winner, the Powerball jackpot increases to $925 million

By 09/28/2023 9:27 AMNo CommentsBy YidInfo Staff

 

After no players won the big prize on Wednesday night, the Powerball jackpot increased to an estimated $925 million, prolonging a streak of lottery failure that has lasted for more than two months.

The winning combination included red Powerball 7, 1, 7, 46, 47, and 63. After earlier winners in the Powerball and Mega Millions games that were all above $1 billion, the jackpot for the next drawing on Saturday night is still the ninth-largest lottery reward in history.

Since July 19, there have been 30 consecutive drawings without a significant winner, which has caused the jackpot to increase significantly. The poor odds of 1 in 292.2 million for Powerball are intended to produce massive jackpots, with prizes increasing as they continually roll over when no one wins.

The greatest jackpot was a $2.04 billion Powerball win made in November 2022 by a player in California.

A Powerball ticket typically costs $2, and players can choose their own numbers or let a computer do it for them.

The $925 million jackpot is for a single winner who chooses to receive payment in the form of an annuity over a 30-year period.

The cash option, which would be worth approximately $432.4 million for Saturday night’s drawing, is virtually always chosen by winners.

Federal taxes on those winnings would apply, and many states additionally tax lottery winnings. In 45 states, as well as Washington, D.C., Puerto Rico, and the United States, powerball is played. Caribbean islands.

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