Powerball jackpot reaches estimated $935 million with numbers drawn

The Powerball Jackpot Craze

Lottery enthusiasts had another opportunity on Saturday night at a staggering $935 million Powerball jackpot, which has been steadily increasing since the last lucky winner emerged nearly three months ago.

Recent Winning Numbers

The winning numbers for the latest draw were 12, 13, 33, 50, 52, and the red Powerball 23.

Record-Breaking Winning Drought

Since New Year’s Day, no one has claimed the Powerball’s top prize, resulting in a remarkable 37 consecutive drawings without a jackpot winner. This streak is fast approaching the record of 41 consecutive drawings, achieved twice in 2022 and 2021.

The Elusive Jackpot

The game’s daunting odds of 1 in 292.2 million make hitting the jackpot a rare feat. By maintaining high jackpot hurdles, the prizes can balloon and attract a surge in ticket sales.

The Lucrative Prize

The $935 million prize awaits a solitary winner who opts for the annuity, spread over 30 years. If the winner chooses the cash option, they will receive $452.3 million. Winners must be prepared to pay federal taxes, and some states also levy taxes on lottery winnings.

Jackpot Frequency Surge

The frequency of colossal jackpots has soared for both Powerball and Mega Millions in recent years, fueled by doubled ticket prices and lowered odds.

History-Making Wins

In remarkable instances, a single winning ticket in Neptune, Florida, secured a $1.6 billion Mega Millions jackpot, the largest in the game’s history, and the third-largest in lottery history. Similarly, a lucky ticket sold near Los Angeles clinched a $2.04 billion Powerball jackpot, marking the largest lottery win in history.

Powerball Facts

Powerball is widely played across 45 states, along with Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings take place every Monday, Wednesday, and Saturday at 11 p.m. Eastern Time.

Read More of this Story at www.cbsnews.com – 2024-03-31 03:37:29

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