Powerball jackpot climbs to $875 million

The Powerball jackpot continues its impressive climb, reaching a staggering estimated amount of $875 million. This places it among the largest jackpots ever recorded in the history of the game.

During the Wednesday night drawing, no players managed to match all six winning numbers: 23, 35, 45, 66, 67, and a Powerball number of 20. As a result, the jackpot has rolled over to Saturday’s drawing, where it now stands as the third-largest in Powerball’s existence. It follows the world record-breaking $2.04 billion jackpot won last year and the $1.586 billion jackpot claimed in 2016.

In the upcoming drawing, if a lucky individual matches all six numbers, they will have the choice of receiving the substantial $875 million prize through annual installments or opting for a one-time lump sum of $441.9 million (pre-tax).

According to game officials, there have been 36 consecutive Powerball drawings without a jackpot winner. The most recent Powerball jackpot was won on April 19 when a ticket sold in Ohio successfully matched the winning numbers, resulting in a prize of $252.6 million.

Statistics indicate that around 60% of the revenue generated by U.S. state lotteries goes directly to the winners, while the states retain the remaining funds after paying out prizes and covering expenses such as advertising. In the case of larger lotteries like Powerball or Mega Millions, half of the ticket revenue contributes to the game’s prize pool.

Powerball is available in 45 states, including Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. However, five states—Alabama, Utah, Alaska, Hawaii, and Nevada—do not participate in lottery ticket sales.

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