Another Powerball drawing, another chance at a jackpot that is inching toward a billion dollars. The estimated $960 million prize up for grabs Saturday night is the world’s ninth-largest lottery jackpot.
The prize has grown so large because there have been 30 consecutive drawings without a big winnerAnother Powerball drawing Saturday night, another chance at a jackpot that is inching toward $1 billion.
The estimated $960 million prize is the world's ninth-largest lottery jackpot, behind earlier Powerball and Mega Millions prizes that all topped $1 billion. The prize has grown so large because there have been 30 consecutive drawings without a big winner, dating to July 19. That streak without a jackpot winner is due to the game's long odds, 1 in 292.2 million, that are designed to make winning rare so grand prizes can grow large.
The $960 million prize is for a sole winner who chooses an annuity, with annual payments over 30 years. Winners almost always take the cash option, which for Saturday's drawing would be an estimated $441 million.
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