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The Powerball jackpot now stands at an estimated $1.6 billion,
making it one of the largest lottery prizes in U.S. history,
Powerball officials said Sunday.
No ticket matched all six winning numbers on Saturday — white
balls 4, 5, 28, 52, 69 and red Powerball 20. That sets up the
fifth-largest U.S. jackpot ever for Monday's drawing, according
to a news release from Powerball.
The biggest U.S. jackpot was $2.04 billion in 2022. The winner
bought the ticket in California and opted for a lump-sum payment
of $997.6 million.
The odds of winning Monday's jackpot, which is the
fourth-largest in Powerball history, are 1 in 292.2 million,
according to Powerball.
The winner can opt for a lump-sum payment estimated at $735.3
million or an annuitized prize estimated at $1.6 billion. Both
prize options are before taxes.
The annuity option offers one immediate payment followed by 29
annual payments that increase by 5% each year, Powerball said.
Powerball is available in 45 states, Washington, D.C., Puerto
Rico and the U.S. Virgin Islands. It is overseen by the
Multi-State Lottery Association, a nonprofit group made up of
state lotteries. Profits from ticket sales are used by states to
support public education and other services.
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