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Powerball jackpot hits record $1.6 billion

2022-11-04T19:07:07.032Z


The jackpot increase for Saturday's draw is due to the fact that the last time someone won it was three months ago. The new record dwarfs the previous record of $1.586 million in 2016.


By Elisha Fieldstadt -

NBC News

The accumulated Powerball for next Saturday's draw reached 1,600 million dollars, a world record, according to those responsible for the lottery.

The jackpot got so big because

the last time someone won it was on August 3

, three months ago.

The winning ticket at the time was sold in Pennsylvania.

Once again, on Wednesday no one matched all five numbers: 02-11-22-35-60 with the 23 Powerball.


Powerball ballots are seen at Bluebird Liquor in Hawthorne, Calif., on Wednesday, Nov. 2, 2022. Jae C. Hong/AP/AP

However, 16 tickets matched all five white balls and won $1 million, lottery officials said.

In all, 7.2 million tickets won cash prizes in Wednesday's drawing, totaling $74.9 million.

The new record dwarfs the previous record of $1.586 million

earned by people from three states in 2016.

If no one wins on Saturday, the record for consecutive drawings without a grand prize winner will be tied at 41 drawings.

The longest jackpot streak in Powerball history ended on October 4, 2021. The odds of winning the jackpot are 1 in 292.2 million.

[Future millionaires?

This is the Powerball winning formula that put $1 billion on the line]

The cash value of a $1.6 billion jackpot is $782.4 million.

If the winner chose the cash option,

24% in federal taxes would be withheld

, about $187.8 million, CNBC reported.

People can buy tickets for 2 dollars.

They are sold in 45 states, the District of Columbia, Puerto Rico, and the US Virgin Islands.

Source: telemundo

All news articles on 2022-11-04

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