Powerball jackpot climbs to $1.1 billion after there were no big winners in Saturday’s drawing
THAT IS COMING UP IN A FEW MINUTES. THANK YOU. JAY. WELL, THERE’S STILL TIME TO GET YOUR TICKETS FOR THE SECOND LARGEST POWERBALL JACKPOT IN THE LOTTERY’S HISTORY. THE TOP PRIZE FOR SATURDAY’S DRAWING JUST INCREASED TO $1.8 BILLION. WLKY’S MADISON ELLIOTT IS GETTING THE FACTS ON JUST HOW LIKELY OR UNLIKELY IT IS TO WIN MADISON. YEAH, THAT’S A LOT OF MONEY, BUT NOT A LOT OF CHANCES. THIS JACKPOT HAS BEEN BUILDING SINCE MAY AND THE CHANCES ARE PRETTY SLIM, BUT WE SPOKE WITH KENTUCKY LOTTERY OFFICIALS TODAY WHO SAY SOMEBODY HAS TO WIN. IT’S POWERBALL MANIA AND THE KENTUCKY LOTTERY IS PROMOTING THE FUN. ON FRIDAY, LOTTERY OFFICIALS GAVE AWAY $2 POWERBALL COUPONS TO THE FIRST 500 PLAYERS IN LINE OUTSIDE A PUBLIX. MANY LINED UP HOPING TO CASH IN ON THE GRAND PRIZE. SO I WOULD BE LIKE, OPRAH, YOU GET A MILLION, YOU GET A MILLION, YOU GET A MILLION. EVERYBODY GETS A MILLION. DONATE IT TO CANCER AND KOSAIR AND, YOU KNOW, LEAVE A LITTLE BIT FOR ME. I WAS LIKE, I HAVE TO COME OUT BECAUSE, YOU KNOW, THIS IS A BIG NUMBER. WE GOTTA WE GOTTA SEE IF WE CAN WIN, RIGHT? SO WHAT ARE YOUR ACTUAL CHANCES WITH THIS BIG PRIZE? KENTUCKY LOTTERY OFFICIALS SAY THEY’VE SEEN SEVEN TIMES THE SALES, BUT THAT WON’T IMPACT YOUR ODDS FOR WINNING THE JACKPOT, WHICH ARE 1 IN 292,000,000 POWERBALL PLAYERS HAVE THE SAME CHANCE TO WIN EVERY POWERBALL DRAWING, REGARDLESS OF HOW MANY TICKETS ARE SOLD OR HOW BIG THE JACKPOT GROWS. THE KENTUCKY LOTTERY SAYS PLAYERS HAVE A HIGHER LIKELIHOOD OF HAVING A DUPLICATE TICKET WHEN THEY CHOOSE THEIR NUMBERS BECAUSE OF HUMAN BIAS, BUT THEY ALSO SAY THERE’S NO WAY TO PREDICT THE OUTCOME OF ANY DRAWING. YOU DON’T KNOW WHEN A PLAYER IS GOING TO HIT THAT ONE, AND SOMETIMES YOU HAVE TWO WINNERS. SOMETIMES YOU MAY HAVE THREE. SOMETIMES WE HAVE TO SPLIT IT. BUT EVERY TICKET IS A WIN FOR LOCAL CONVENIENCE STORE OWNERS WHO SELL POWERBALL TICKETS LIKE BOONE’S ON FRANKFORT █AVE, EVERY STORE THAT SELLS A WINNING TICKET GETS A 1% CUT OF THE MONEY, EVEN IF THEY DON’T SELL THAT GOLDEN TICKET, THEY STILL SEE A BENEFIT. THEY COME INSIDE, THEY BUY MORE STUFF. THIS US OUR SERVICE AND THINGS. AMY SMITH TOLD US SHE’S ALREADY CALLING HERSELF A WINNER, EVEN IF THE ODDS ARE LOW. THAT’S HOW I INTRODUCE MYSELF. I THINK YOU JUST PUT IT OUT THERE AND HOPE IT COMES BACK. I LIKE THAT, PUT IT OUT TO THE UNIVERSE. RIGHT, GUYS? MAKE IT HAPPEN. WELL, YOU CAN GO TO ONE OF THE 3500 STORES ACROSS THE STATE THAT SELL THE POWERBALL TICKETS. OR YOU CAN ALSO GO ONLINE, WHICH MOST PEOPLE MAY NOT KNOW TO BUY YOUR TICKET AS WELL. AND THEN YOU CAN MAKE YOUR CHOICE THERE. SO THERE ARE A LOT OF WAYS TO PLAY. HEY, GOT TO WIN IT, MADISON. I THINK I’VE ALREADY SPENT HALF OF IT IN MY MIND. RIGHT. THANK YOU. SPEAKING OF YOUR ODDS OF WINNING, MADISON, WHEN IT’S THE LAST TIME SOMEONE IN KENTUCKY ACTUALLY WON A POWERBALL JACKPOT. YEAH, ACTUALLY, THIS PAST APRIL, A MOTHER AND SON WON THE JACKPOT. IT WAS $167.3 MILLION, AND THAT WAS THE LARGEST IN POWERBALL HISTORY IN THE STATE. BUT BEFORE THAT HAPPENED, IT WAS 2010. SO HOPEFULLY IT WON’T BE ANOTHER 15 YEARS BEFORE SOMEBODY WINS. AND WE’LL FIND OUT TOMORROW. THE NEXT DRA
Powerball jackpot climbs to $1.1 billion after there were no big winners in Saturday’s drawing
The Powerball jackpot continues to grow, reaching an estimated $1.1 billion after there were no big winners in Saturday night’s drawing.The winning numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16.While there were no big winners, two tickets – sold in North Carolina and Pennsylvania – won $2 million each, Powerball said.The next drawing is Monday night.This is the second jackpot to hit at least $1 billion this year. Two winners – in Texas and Missouri – split Powerball’s $1.787 billion prize in September. That was the second largest jackpot in US lottery history; the largest, a $2.04 billion Powerball prize, was won in 2022.Billion-dollar jackpots have been in the US only for the past decade or so, with the first in 2016 from Powerball, valued at $1.586 billion.Whether winners actually take an advertised jackpot value depends on how they choose to be paid. The $1 billion offered in Saturday’s drawing would have come only if a winner opted for 30 escalating installments – which lotteries offer through an annuity accounting for interest – over 29 years.Otherwise, a winner could choose a lump sum representing what’s in the actual jackpot pool on the day of the drawing, which in Monday’s drawing is an estimated $503.4 million.Both figures are before taxes. Powerball and Mega Millions jackpot winners usually take the lump sum.
The Powerball jackpot continues to grow, reaching an estimated $1.1 billion after there were no big winners in Saturday night’s drawing.
The winning numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16.
While there were no big winners, two tickets – sold in North Carolina and Pennsylvania – won $2 million each, Powerball said.
The next drawing is Monday night.
This is the second jackpot to hit at least $1 billion this year. Two winners – in Texas and Missouri – split Powerball’s $1.787 billion prize in September. That was the second largest jackpot in US lottery history; the largest, a $2.04 billion Powerball prize, was won in 2022.
Billion-dollar jackpots have been in the US only for the past decade or so, with the first in 2016 from Powerball, valued at $1.586 billion.
Whether winners actually take an advertised jackpot value depends on how they choose to be paid. The $1 billion offered in Saturday’s drawing would have come only if a winner opted for 30 escalating installments – which lotteries offer through an annuity accounting for interest – over 29 years.
Otherwise, a winner could choose a lump sum representing what’s in the actual jackpot pool on the day of the drawing, which in Monday’s drawing is an estimated $503.4 million.
Both figures are before taxes. Powerball and Mega Millions jackpot winners usually take the lump sum.
