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When is the Powerball drawing? Saturday jackpot nears $1 billion

The reason the prize is so high is because there have been 30 consecutive draws without a winner since July 19th.

DES MOINES, Iowa — The Powerball drawing is back on Saturday night, and it’s a chance to win close to $1 billion.

this Estimated bonuses climb It rose to $960 million from $925 million on Friday.that would be the world Ninth largest lottery jackpotbehind earlier Powerball and Mega Millions jackpots, each with prizes in excess of $1 billion.

The reason why the bonus is so big is because I haven’t won the prize in 30 consecutive draws. Date until July 19. There are no winners in a row because the odds of the game are very high, 1 part in 292.2 milliondesigned to make winning rare so that the jackpot can get bigger.

$960 million prize awarded to sole winner Choose an annuity, with annual payments over 30 years. Winners almost always choose the cash option, with the prize for Saturday’s drawing estimated at $441 million.

Federal taxes would eat into those winnings, and some states also tax huge lottery winnings.

Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

When is the Powerball drawing?

The Powerball drawing takes place live every Monday, Wednesday and Saturday at 10:59 PM ET. Tickets cost $2 per show and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

What are my chances of winning Powerball?

The odds of winning the Powerball jackpot are 1 in 292.2 million.

Huge lottery jackpots have become increasingly common over the past few years as lottery officials have changed rules and ticket prices to increase top prizes.

Powerball’s biggest change came in 2021, when officials decided to add a Monday drawing to the weekly drawing lineup on Wednesday and Saturday nights. In making the announcement, Powerball claimed that adding Monday’s drawing would result in a “bigger, faster-growing jackpot.”

What’s the biggest Powerball jackpot?

  1. $2.04 billion – November 7, 2022 – California
  2. $1.586 billion – January 13, 2016 – California, Florida, Tennessee
  3. $1.08 billion – July 19, 2023 – California
  4. $925 million (pro forma) – September 30, 2023
  5. $768.4 million – March 27, 2019 – Wisconsin
  6. $758.7 million – August 23, 2017 – MA
  7. $754.6 million – February 6, 2023 – Western Australia
  8. $731.1 million – January 20, 2021 – MD
  9. $699.8 million – October 4, 2021 – California
  10. $687.8 Million – October 27, 2018 – Iowa, NY

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