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    Home»Finance»Powerball Jackpot Balloons To $1.6 Billion
    Finance

    Powerball Jackpot Balloons To $1.6 Billion

    By Staff WriterDecember 24, 20252 Mins Read
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    The Powerball jackpot has jumped to an eye-popping $1.7 billion, after the 46th drawing passed without a big winner.

    The numbers drawn Monday night were 3, 18, 36, 41, 54 and the Powerball 7.

    Since Sept. 6, there have been 46 straight drawings without a big winner.

    The next drawing will be Christmas Eve on Wednesday, with the prize expected to be the 4th-largest in U.S. lottery history.

    Powerball’s odds of 1 in 292.2 million are designed to generate big jackpots, with prizes growing as they roll over when no one wins. Lottery officials note that the odds are far better for the game’s many smaller prizes. There are three drawings each week.

    The game's long odds created a massive windfall that has enticed people to splurge on $2 tickets ahead of the live drawing at 10:59 p.m. ET Monday night.
    The game’s long odds created a massive windfall that has enticed people to splurge on $2 tickets ahead of the live drawing at 10:59 p.m. ET Monday night.

    Juliana Yamada / Los Angeles Times via Getty Images

    The estimated $1.6 billion jackpot goes to a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which for Monday night’s drawing would be an estimated $735.3 million.

    Powerball tickets cost $2, and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

    Associated Press videojournalist Emilie Megnien in Atlanta contributed to this report.

    Olivia Diaz is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

    View original article here

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