Powerball jackpot jumps to $875 million; When is the next drawing for the third-largest prize in Powerball history?

On Saturday, the Powerball website announced an estimated $875 million prize, making it the third-largest in Powerball history. The grand prize has been accumulating since April 19 and has rolled over 36 times with most recently on Wednesday. Similarly, the Mega Millions jackpot on Friday was estimated at $560 million but will continue to grow as no major winners were selected. The winning numbers for Friday's draw were 10-24-48-51-66, with a Mega Ball of 15. Several tickets matched the first five numbers, earning $1 million each, and one ticket in South Carolina won $2 million by playing the 2x Megaplier.

None of the tickets purchased for Wednesday's $750 million Powerball jackpot had the winning combination of white balls: 23, 35, 45, 66, 67, and red Powerball 20.

When is the drawing for the $875 million Powerball jackpot?

The upcoming Powerball drawing on Saturday offers the third highest jackpot in the game's history. Players have the choice of either receiving $875 million in yearly installments or a one-time lump sum of $441.9 million (before taxes). The drawing will take place at 10:59 p.m. ET on Saturday.

Powerball's incredibly slim odds of 1 in 292.2 million are intentionally set to create large jackpots that attract more participants. The largest Powerball jackpot to date was a staggering $2.04 billion in November. The most recent jackpot winner emerged on April 19, claiming nearly $253 million. Since then, there have been 36 consecutive drawings without a grand prize winner. Powerball is available in 45 states, along with Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.

FAQs:

Q1:What is Powerball?
Powerball is a popular lottery game that spans 45 states in the United States, as well as the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Players participate by selecting five numbers from a range of 1 to 69, along with a Powerball number ranging from 1 to 26. The jackpot is awarded to those who successfully match all five chosen numbers and the Powerball number. However, even if all numbers are not matched, there are still additional prizes available for partial matches.

Q2:What is the Mega Millions lottery?
Mega Millions is a widely played lottery game available in 45 states, the District of Columbia, and the U.S. Virgin Islands. In order to participate, players select five numbers ranging from 1 to 70, along with a Mega Ball number between 1 and 25. To win the jackpot, it is necessary to match all five chosen numbers as well as the Mega Ball number. The initial Mega Millions jackpot starts at $20 million and has the potential to increase to over $1 billion. However, the odds of winning the jackpot are quite challenging, with a 1 in 302.5 million chance of success.