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Powerball Jackpot Soars To $1.6 Billion, New Lottery Record

By 11/04/2022 1:59 PMNo CommentsBy YidInfo Staff

Powerball’s estimated $1.6 billion jackpot became the highest lottery reward in history on Friday thanks to brisk sales.

The Powerball jackpot, which hasn’t been claimed in more than three months, will be drawn on Saturday night.

The fact that 39 consecutive drawings went by without a winner illustrates how slim the chances of winning the jackpot are—1 in 292.2 million.

When a winner opts for an annuity, they will get the advertised jackpot, which will be paid out over 29 years.

Instead, most winners choose the cash award, which would total almost $782.4 million for Saturday night’s drawing.

The new jackpot surpasses the old record prize of $1.586 billion won in 2016 by three Powerball winners in Florida, Tennessee, and California.

In 45 states, as well as Washington, D.C., Puerto Rico, and the United States, Powerball is played. Caribbean islands.

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