The Limited Times

US lottery jackpot hits world record $1.6 billion

11/4/2022, 10:06:04 PM


There has never been so much money to be won anywhere: In the Powerball lottery in the USA, the jackpot has grown to 1.6 billion dollars.

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A Powerball lottery ticket being filled out in a kiosk: one in 292 million chance of winning

PHOTO: DAVID DEE DELGADO/ REUTERS

In the United States, the Powerball lottery jackpot has risen to $1.6 billion, making it the world's largest grand prize in lottery history.

The Powerball jackpot is now the "biggest lottery prize ever offered in the world," the lottery operator said ahead of the next draw on Saturday night.

The jackpot has grown steadily since there was last a winner in early August.

Since then, in 39 draws, no player has been able to pick six correct numbers.

Payout over a period of 30 years

If a player hits the jackpot on Saturday night, $1.6 billion is waiting for him.

He can have the sum paid out over a period of around 30 years – or opt for a one-off payment of almost $782.4 million.

In January 2016, three Powerball players shared the world's largest jackpot in history, amounting to $1.586 billion.

The second highest jackpot - and the highest won by a single player - was worth $1.537 billion and was hit in October 2018 on the Mega Millions lottery.

Powerball lottery tickets cost two dollars and are sold in 45 US states as well as the metropolitan area of ​​Washington DC, Puerto Rico and the US Virgin Islands.

The chance of hitting the jackpot is about one in 292 million.

For comparison, the risk of being struck by lightning in the United States is about one in a million.

kfr/AFP