Powerball drawing nears $935 million jackpot that has been growing for months

By AP News

Mar 30, 2024

1 min read

Lottery players will have another shot at a $935 million Powerball jackpot that has been growing larger and larger since the last winner nearly three months ago

0f77718dea9b4e61b04e5bec12dea586_main_lottery_jackpot_29998

Lottery Jackpot

DES MOINES, Iowa (AP) — Lottery players will have another shot Saturday night at a $935 million Powerball jackpot that has been growing larger and larger since the last winner nearly three months ago.

No one has won Powerball's top prize since New Year's Day, amounting to 37 consecutive drawings without a jackpot winner. That streak without a winner is nearing the record number of 41 consecutive drawings, set twice in 2022 and 2021.

The game's long odds of 1 in 292.2 million makes it a rare jackpot. By making the top prizes hard to hit, jackpots can grow large and then attract more sales.

The $935 million prize is for a sole winner who chooses an annuity, paid over 30 years. Winners who opt for cash would be paid $452.3 million. The prizes would be subject to federal taxes, and many states also tax lottery winnings.

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

Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.