U.S. Powerball price world-file $1.6 billion in Saturday evening drawing

U.S. Powerball price world-file $1.6 billion in Saturday evening drawing

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U.S. Powerball worth world-record $1.6 billion in Saturday night drawing
© Reuters. FILE PHOTO: A digital billboard promoting Powerball’s Jackpot of $1.6 billion is displayed in Recent York City, U.S., November 4, 2022. REUTERS/David ‘Dee’ Delgado/File Represent

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(Reuters) – The U.S. Powerball jackpot that will likely be drawn on Saturday evening is the perfect lotto prize ever offered at an estimated $1.6 billion, breaking the old world file the game location in 2016, in accordance with lottery officials.

No one has won the jackpot since Aug. 3, allowing the prize money to mushroom and producing a total bunch commercial at gasoline stations and newsstands at some level of the United States, where Americans gain Powerball tickets for $2 a pop.

To defend the astronomical prize, a player must wager all six fortunate numbers, including the supreme “Powerball.” Avid gamers beget a 1 in 292.2 million likelihood of a success the jackpot, and a 1 in 24.9 likelihood of a success a smaller prize, in accordance with lottery officials.

Winners could well maybe additionally elect to receive their money as an annuity, paid in 30 graduated payments over 29 years, or a lump sum money price. Both kinds of winnings are subject to federal and native taxes.

The drawing will happen at 10: 50 p.m. EDT on Saturday (0250 GMT on Sunday) within the Florida direct capital of Tallahassee. It will likely be the 40th Powerball drawing since the Aug. 3 defend.

The longest bustle within the historical past of the lottery ended on Oct. 4, 2021, when a California ticket holder won a $699.8 million jackpot after 41 drawings.