FILE - A display panel advertises tickets for a Powerball drawing at a convenience store, Nov. 7, 2022, in Renfrew, Pa. The Powerball jackpot soared to an estimated $875 million after no winning ticket was sold for the Wednesday, July 12, 2023, drawing. (AP Photo/Keith Srakocic, File)FILE - Steve Morton shows his scan card for his personal selection numbers for a ticket for a Monday Powerball drawing on Nov. 7, 2022, at a convenience store in Renfrew, Pa. The Powerball jackpot soared to an estimated $875 million after no winning ticket was sold for the Wednesday, July 12, 2023, drawing. (AP Photo/Keith Srakocic, File)
Copyright 2022 The Associated Press. All rights reserved
FILE - A display panel advertises tickets for a Powerball drawing at a convenience store, Nov. 7, 2022, in Renfrew, Pa. The Powerball jackpot soared to an estimated $875 million after no winning ticket was sold for the Wednesday, July 12, 2023, drawing. (AP Photo/Keith Srakocic, File)
DES MOINES, Iowa – The Powerball jackpot soared to an estimated $875 million after no winning ticket was sold for the latest drawing.
The new jackpot for Saturday's drawing is the third highest in the history of the game. Ticket buyers have a chance at either $875 million paid out in yearly increments or a $441.9 million one-time lump sum before taxes.
The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes that draw more players. The largest Powerball jackpot was $2.04 billion Powerball last November.
The last time someone won the Powerball jackpot was April 19 for a top prize of nearly $253 million. Since then, no one has won the grand prize in the past 36 consecutive drawings.
Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
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