Powerball Climbs to Third-Largest Jackpot in Game History
The Powerball jackpot for this weekend’s drafting is an estimated $875 million, the game’s third-richest appreciate ever so offered.
After no just the ticket matched the half dozen winning numbers on Wednesday night, the Powerball jackpot rolled o'er for a 36th sequentially time. Officials with the Multi-State Lottery Association, which operates Powerball on behalf of its 48 participating jurisdictions, are forecasting a bucket along of caper betwixt the drawings.
The $875 1000000 appreciate for Saturday’s draftsmanship includes a hard currency time value of an estimated $441.9 million. The hard cash value for Wednesday’s drawing off was $367.9 million, import Powerball officials await sales 'tween Wednesday through and through Sabbatum even to follow northerly of $100 million.
About 68 cents of every $2 Powerball frolic goes towards the cash-sum jackpot. The advertised jackpot is for the 30-year annuity, which is drug-addicted on the Union soldier Reserve’s benchmark stake rate.
Powerball and Mega Millions pay off come out their annuity jackpots through bonds insured person past the US Treasury. The interest group rates on those bonds are based on the federal interestingness rate. And that’s why as interest group rates get increased over the past tense year, annuitized drawing jackpots feature escalated faster than they otherwise would.
Another Top-10 Jackpot
Saturday night’s Powerball jackpot is non only if the third-largest Powerball annuitized jackpot, but also ane of the 10 largest drawing prizes ever offered in US history. At $875 million, the jackpot already ranks 7th in U.S. lottery history.
To take a top-five spot, the jackpot testament want to tumefy to to a greater extent than $1.33 billion, which was the Mega Millions jackpot run into on July 29, 2022. Powerball holds the spinning top II spots with jackpots of $2.04 one thousand million won on Nov. 7, 2022, and a $1.58 billion award won on Jan. 13, 2016.
Each ticket’s chances of winning the Powerball jackpot are just ane inwards 292.2 million. The boilers suit betting odds of winning some sorting of treasure are single in 24.9.
During Wednesday’s drawing, patch no more ace won the jackpot, to a greater extent than 1.8 jillion tickets won lower-tier prizes worth a combined $16.5 million.
The July 12 drawing included deuce tickets, sold in Everglade State and Indiana, that matched all fin white-hot numbers, but not the cherry Powerball to take the game’s second-best award of $1 million.
Another 36 tickets matched quatern of the Phoebe whitened balls and the ruby-red Powerball for $50,000 prizes. Of those winners, 26 of the tickets purchased the $1 add-on Power Play choice that tripled their award to $150K after the Power Play landed on 3x.
Mega Millions Tops Half-Billion
Powerball isn’t the only if lottery game growing its jackpot. Mega Millions is also on a run, with the game’s value climbing to $560 million.
Mega Millions will next live drawn Friday night at 11 p.m. EST. Mega Millions officials say it’s only the seventh time inward the game’s 21-year account that the jackpot has climbed upwards of $550 million.
The betting odds of winning the Mega Millions jackpot are yet worse than Powerball at most I inwards 302.5 million.
Looking for a fun and exciting online casino gaming experience? Look no further than Live22 - the most popular online casino platform in Malaysia! Join now and start playing. With its vibrant graphics, immersive sound effects, and a wide variety of games, Live22 guarantees hours of entertainment and the opportunity to win big.