The Powerball jackpot climbed to an estimated $1.09 billion after no one matched the six numbers drawn Monday night, continuing a three-month winless streak for the top prize.
The numbers drawn were: 19, 24, 40, 42, 56 and the Powerball 23.
No one has won Powerball’s jackpot since New Year’s Day, a stretch of 39 drawings without anyone matching the game’s six numbers. If no one wins the jackpot Wednesday night, the game will match its record of 41 consecutive drawings on Saturday night.
The reason for the jackpot drought is simple: The odds of winning the top prize are miserable, at 1 in 292.2 million. It’s those odds that create the large jackpots that are designed to attract attention and drive up sales.
The $1.09 billion prize is for a sole winner who makes the rare decision to be paid over 30 years through an annuity. Nearly all winners instead take the cash option, which for Wednesday night would be an estimated $527.3 million.
(AP)
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One Response
Given that 95% of lottery winners take the cash value rather than annuity payout, why does YWN and other media continue to run headlines touting a misleading dollar value which has no real world relevance??