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Powerball Jackpot Nears $1 Billion, Among Top 5 Largest Ever

With no winners in the latest drawing, the Powerball jackpot has grown to $975 million, setting the stage for a potentially historic win.

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Forms to pick numbers for Powerball are on display in a store on October 4, 2023 in Miami, Florida.
Powerball lottery tickets pictured inside a store in Homestead, Florida on July 19, 2023.

Overview

  • The Powerball jackpot has soared to an estimated $975 million after no ticket matched the winning numbers in the latest drawing, continuing a nearly three-month streak without a big winner.
  • The jackpot, now among the top 5 largest in the game's history, has a cash value of $452.3 million, with the next drawing scheduled for Saturday night.
  • If no one wins the upcoming drawing, the jackpot will exceed $1 billion, marking a significant milestone in lottery history.
  • The odds of winning the Powerball jackpot are 1 in 292 million, making the likelihood of securing the grand prize extremely slim despite the growing excitement.
  • Massive lottery jackpots have become more common in recent years due to adjustments in game rules and ticket prices, aimed at increasing top prizes and sales.