Players who are prepared to wager $2 against the extremely long chances of winning the huge prize will have the opportunity to win the $747 million Powerball jackpot on Monday night.
Since Nov. 19, 2022, no one has won the jackpot, causing the amount to increase with each of the game’s three weekly drawings. It is currently the ninth-largest in American history.
The game’s pitifully low chances of 1 in 292.2 million are intended to create large jackpots that entice additional players.
That approach has undoubtedly been thriving recently, as seen by the $1.35 billion Mega Millions prize won in January and the $2.04 billion Powerball jackpot won by a Californian player in November.
Both of the rewards remain unclaimed.
The $747 million jackpot will be paid out over 29 years to winners who choose an annuity.
Compared to prior jackpots, when interest rates were lower, those annuity payouts increased thanks to higher interest rates.
Most winners prefer cash, which would be $403.1 million for Monday night’s drawing.
In 45 states, as well as Washington, D.C., Puerto Rico, and the United States, Powerball is played. Caribbean islands.
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