Maybe this time? After 40 Powerball drawings — will someone win $670M jackpot?

News

FILE – In this Jan. 12, 2021 file photo, blank forms for the Powerball lottery sit in a bin at a local grocery store, in Des Moines, Iowa. The giant Powerball jackpot has grown even bigger, with officials raising the estimated payout ahead of Saturday, Oct. 2, drawing.(AP Photo/Charlie Neibergall)

DES MOINES, Iowa (AP) — After 40 drawings without a big Powerball winner, maybe Monday night’s 41st attempt will be different.

Thanks to nearly four months of futility, the Powerball jackpot has climbed to an estimated $670 million, making it the eighth largest in U.S. lottery history. No one has won the game’s grand prize since June 5.

Every drawing now sets a record, topping the previous mark of 36 drawings that ended in January 2021. The longer the game goes without a grand prize winner, the larger the payout will grow.

The jackpot drought is by design, as the game’s long odds of 292.2 million to one are intended to generate massive prizes that draw more players.

Lottery officials are quick to note that even as no one wins the jackpot, plenty of people have won smaller prizes, including 2.8 million players in Saturday’s drawing alone. Those winnings ranged from $1 million to $4.

The $670 million promoted prize is for a winner who chooses the annuity option, paid over 29 years. Nearly all big winners take the cash option, which for Monday night’s drawing is an estimated $474.8 million. Either prize option would also be subject to taxes.

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

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 The Associated Press. All rights reserved.

Popular

Latest News

More News