Today’s Powerball jackpot is expected to reach $1.9 billion



CNN

The Powerball Lottery jackpot is expected to top $1.9 billion for Monday’s drawing. California LotteryIt was the biggest Lotto prize ever awarded – just as its organizers wanted it to be Changed the odds in 2015.

No winning tickets were sold for Saturday’s $1.6 billion drawing, the largest lotto prize ever awarded. Finally won the Powerball jackpot Aug. 3 in Pennsylvania.

That jackpot value is the amount a winner would receive if they took 30 graduated annual installments, although a winner may also choose a cash option to receive a lump sum of a lower value. For the $1.9 billion jackpot, the winner can choose between receiving Equivalent payments of approximately $63 million over 30 years Or a total cash value of about $929 million.

Very large Powerball The jackpot was won in January 2016, with three winners splitting a prize advertised as $1.586 billion. Each took their share of the cash value, which added up to $983.5 million.

Yes, that means the cash value of the current “record” $1.9 billion jackpot is less than the cash value of the $1.586 billion jackpot six years ago. You can say thank you Recent interest rate hikes by the Federal Reserve For that contradiction.

Powerball draws are held every Monday, Wednesday and Saturday at 10:59 PM.

Powerball is played for $2 per ticket, and players choose between five white balls numbered 1 to 69 and one red Powerball numbered 1 to 26. If a player gets all six numbers correct, they win the biggest jackpot.

Chances of winning the jackpot by matching all 5 numbers and the Powerball number One in 292.2 million.

Prior to 2015, white balls were numbered 1 to 59 and powerballs were numbered 1 to 35. Change Now that means gamblers There are more chances of winning smaller prizes, but worse odds of winning the jackpot, causing the big numbers to grow to record sizes.

“This Powerball game delivers exactly what our players want,” Powerball product team president Drew Switko said in a statement ahead of Saturday’s draw. “We’re seeing history in the making of this $1.6 billion jackpot! And what’s exciting is that the run has already produced millions of winners, with nearly 100 players winning prizes worth $1 million or more.

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