Powerball jackpot soars to an estimated $1.4 billion
The Powerball jackpot soared to an estimated $1.4 billion for Saturday – which would be the third largest jackpot in the game’s history – after Wednesday night’s drawing turned up no grand prize winner.
Moreover, Powerball reports that the jackpot up for grabs Saturday would also be the fifth largest in US history.
One ticket matching all six numbers Saturday would qualify for an annuitized prize worth an estimated $1.4 billion or a lump sum estimated at $643.7 million, both before taxes, according to Powerball’s website.
There hasn’t been a grand prize winner since July 19, when a single ticket sold in California won $1.08 billion.
There was no winner of the Powerball jackpot for the 33rd consecutive drawing on Wednesday. Nine, 35, 54, 63, 64, and Powerball 1 were the winning numbers.
Seven tickets sold in California, Colorado, New York, Pennsylvania, and Texas matched all five white balls to win $1 million base prizes. Because prizes in that state vary depending on ticket sales and number of winners, the two sold in California will be worth more than $1.2 million each.
There were also three tickets in Kentucky, Pennsylvania and Texas that matched all five white balls and won $2 million each because their holders activated a “power play” multiplier.
According to the lottery, the odds of winning a Powerball prize of any amount are 1 in 24.9. However, the odds of winning the grand prize are extremely slim at 1 in 292.2 million.
One of the largest Powerball jackpots was won in November 2022 in California, followed by one won in January 2016 for $1.586 billion.