- US Powerball: $1.04 billion jackpot.
- Odds: 1 in 292.2 million.
- Record-breaking lottery prize.
The lucky winner could purchase roughly thirty 10-bedroom mansions in the affluent west London neighbourhood of Kensington and Chelsea, enjoy 300 or more luxury round-the-world cruises, or even acquire one hundred eight-seater private jets—and there would still be money left over.
The US Powerball jackpot has soared to a staggering $1.04 billion (approximately £852 million) after no one clinched the prize over the weekend.
The upcoming Monday’s draw will provide ticket holders with the next chance to claim the jackpot, although they will need to overcome odds of 1 in 292.2 million to do so.
This potential jackpot would rank as the ninth-largest lottery prize in history.
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After 30 consecutive draws spanning more than two months, the prize money has accumulated without a major winner.
To secure this substantial sum, a player must accurately predict all six winning numbers, including the Powerball.
The numbers drawn on Saturday night were 19, 30, 37, 44, 46, and the crimson Powerball 22.
A Powerball ticket in the United States costs $2 (£1.64), and winners can choose between an annuity paid in 30 graduated increments over 29 years or a lump-sum cash payment.
Therefore, while the annuity value of Monday’s windfall would reach $1.04 billion, the lump-sum cash option, which winners typically prefer, would amount to approximately $478.2 million (£392 million).
These winnings would be subject to federal taxes, with many states also imposing taxes on lottery prizes.
For perspective, $1.04 billion could secure around thirty 10-bedroom residences in the coveted west London suburb of Kensington and Chelsea, fund 300 or more luxurious round-the-world cruises, or even buy one hundred eight-seater private jets.
In November 2022, a participant in California won a record-breaking $2.04 billion Powerball jackpot, marking the largest jackpot ever awarded.
The Powerball jackpot is available for grabs in 45 U.S. states, Puerto Rico, and the U.S. Virgin Islands.