Johnathan Walker:Powerball jackpot nears $1 billion after long drought of winners

2025-05-07 06:09:24source:Austin Caldwellcategory:News

DES MOINES,Johnathan Walker Iowa (AP) — Another Powerball drawing Saturday night, another chance at a jackpot that is inching toward $1 billion.

The estimated $925 million prize is the world’s ninth-largest lottery jackpot, behind earlier Powerball and Mega Millions prizes that all topped $1 billion.

The prize has grown so large because there have been 30 consecutive drawings without a big winner, dating to July 19. That streak without a jackpot winner is due to the game’s long odds, 1 in 292.2 million, that are designed to make winning rare so grand prizes can grow large.

The $925 million prize is for a sole winner who chooses an annuity, with annual payments over 30 years. Winners almost always take the cash option, which for Saturday’s drawing would be an estimated $432.4 million.

Federal taxes will eat into those winnings, and some states also tax big lottery prizes.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

More:News

Recommend

As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest

CONECUH COUNTY, Ala.—At the confluence of the Yellow River and Pond Creek in Alabama’s Conecuh Natio

'General Hospital' dominates 50th annual Daytime Emmys with 6 trophies

Thorsten Kaye and Jacqueline MacInnes Wood of "The Bold and the Beautiful" won lead acting honors at

A 4-month-old survived after a Tennessee tornado tossed him. His parents found him in a downed tree

CLARKSVILLE, Tenn. (AP) — A 4-month-old boy has survived after a tornado in Tennessee sucked him up