The Powerball Jackpot Is on the Rise Again. Prize Climbs to $653 Million
The Powerball jackpot is climbing again, jumping to $653 million after no winning tickets were drawn on Monday.
The jackpot ranks as the eighth-largest in Powerball history.
The $653 million prize is for winners who choose to take their riches through an annuity, paid annually over 29 years. Nearly all winners opt for cash, which is currently estimated at $350.5 million.
Those winnings also would be subject to federal taxes. Many states tax lottery winnings, too.
No one has hit all six numbers since Nov. 19, 2022, when a ticket in Kansas matched all five white balls and the red Powerball to win a $92.9 million jackpot. That’s 31 consecutive draws without a jackpot winner. The winless streak is due to the abysmal odds of winning: one in 292.2 million.
The longer the game goes without a grand prize winner, the larger the payout will grow. And with huge jackpots becoming increasingly common in lottery drawings — with six grand prizes between Powerball and Mega Millions surpassing $1 billion since 2016 — this latest Powerball streak could very likely become the seventh.
The largest lottery jackpot in U.S. history stands at $2.04 billion and was won by a single Powerball ticket in California on Nov. 7, 2022. No one has come forward to claim their prize, though the winner has until November 2023 before the ticket expires.
Powerball is played in 45 states, the District of Columbia and Puerto Rico. It costs $2 to play.
Drawings are held each Monday, Wednesday and Saturday at 10:59 p.m. ET.
Source: NBC New York
Bitcoin’s Non-Zero Balance Addresses Keep Surging, But These Key On-chain BTC Metrics Show Weakness
Phillies’ JT Realmuto ejected from spring training game in bizarre sequences with umpire
Is ‘David’ Porn? See for Yourself, Italians Ask Florida Parents
Family of man shot by police on Sunday asking why mental health services didn’t respond to 911 call
Ford Bronco Rescued Out Of Tight Spot By Off-Road Chevy Corvair Wagon
What a Lifting Belt Can—and Can’t—Do for Your Workout
Remittances’ Shift To Digital: Driving Change In An Industry Split Between Yesterday And Tomorrow
Volkswagen Assets Frozen In Russia Over Contract Dispute
Used Car Prices Down 8.7 Percent From Last Year, According To Study
Mediterranean Tofu Scramble Recipe | SELF
‘Survivor 44’ Spoilers: Is There 1 More Medevac Before the Merge?
Robert Kraft: Lamar Jackson ‘wants to come to the Patriots,’ according to Meek Mill
Prince Harry and Meghan Markle’s ‘Optics’ Are Their ‘Main Benefit’ of Attending the Coronation
Activision Blizzard CEO Bobby Kotick’s Taxable Income For 2001 Gets A $35 Million Boost
What’s causing a vibration in my car’s steering column?
Finance12 hours ago
Venezuela’s Anti-Corruption Investigation Rocks Cryptocurrency Industry: Exchanges and Mining Farms Shut Down
Finance9 hours ago
Could TikTok Get Banned Before It Goes Public? Congress Hearing Throws Doubt On Company’s Future, Keeping Tech Investors On Their Toes
Investing11 hours ago
Morgan Stanley believes this mega-cap tech stock has 50% upside
News10 hours ago
Did Edward VIII Help the Nazis Bomb Buckingham Palace?
Auto15 hours ago
Kia Soul Goes Airborne After Smashing Into Runway Wheel In Wild Crash
News28 mins ago
Stock futures are flat on Monday evening: Live updates
News10 hours ago
The Sonos Era 100 Is a Compact, Smart—and Perfect—Speaker
News12 hours ago
Police: Man slashed on forehead in Hell’s Kitchen