The Powerball jackpot has once again surged to an impressive estimated amount of $875 million, solidifying its position as one of the biggest jackpots ever offered in the game’s history.
During Wednesday night’s drawing, no fortunate players managed to match all six winning numbers, which were 23-35-45-66-67, with a Powerball number of 20.
As a result, the jackpot has continued to grow, and the upcoming drawing on Saturday will feature a staggering prize, securing its place as the third-largest jackpot in the history of the Powerball lottery game. This remarkable sum sits just below the world record-breaking $2.04 billion Powerball jackpot claimed last year and the $1.586 billion Powerball jackpot triumphed in 2016.
In the event that an individual matches all six numbers and emerges as the winner of Saturday’s drawing, they will have the option to receive the grand prize of $875 million. The winner can choose to receive this amount in yearly installments or opt for a one-time lump sum payment of $441.9 million before taxes.
As per game officials, an incredible streak of 36 consecutive Powerball drawings has taken place without a jackpot winner. The most recent Powerball jackpot victory occurred on April 19, when a ticket sold in Ohio successfully matched the winning numbers and secured the prize of $252.6 million.
Studies indicate that approximately 60% of the revenue generated by U.S. state lotteries is allocated directly to winners. After paying out the prize money and covering specific expenses like advertising, the remaining funds are retained by the states. However, for larger lotteries like Mega Millions or Powerball, half of the ticket revenue contributes to the game’s prize pool.
Powerball is available in 45 states across the United States, including Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. It’s worth noting that five states—Alabama, Utah, Alaska, Hawaii, and Nevada—do not sell lottery tickets.
