Particle.news
Download on the App Store
46 ARTICLES
·
2w ago

Powerball Jackpot Hits $1 Billion for Tonight’s Drawing, Tying Longest Drought

The streak has tied the record for most consecutive drawings without a jackpot winner, lifting the advertised annuity to $1 billion with a cash option near $461 million.

Image
Image
Image
A giant lottery advertising sign is seen along Highway 101 in San Mateo County, California, on April 1, 2024.

Overview

  • The drawing is set for 10:59 p.m. ET Saturday, with jackpot odds at 1 in 292.2 million.
  • A winner could choose a 30-year annuity with payments rising 5% annually or an estimated lump sum of about $461.3 million before taxes.
  • It is the second Powerball to reach $1 billion in 2025 and the 14th U.S. lottery jackpot at or above that level.
  • The prize ranks as the seventh-largest in Powerball history; Wednesday’s draw yielded three $1 million tickets in Maryland, Michigan and New Jersey.
  • Tickets cost $2 and are sold in 45 states plus D.C., Puerto Rico and the U.S. Virgin Islands, with past rule changes and higher interest rates bolstering advertised jackpots.