Powerball jackpot rises to $635M due to ticket-buying surge

The giant Powerball jackpot has grown even bigger, with officials raising the estimated payout to $635 million ahead of Saturday night’s drawing

Via AP news wire
Friday 01 October 2021 17:21
Lottery Jackpot
Lottery Jackpot

The giant Powerball jackpot got even bigger Friday as officials raised the estimated payout to $635 million ahead of Saturday night's drawing.

The grand prize was increased from an earlier estimate of $620 million, reflecting a surge in sales from players attracted by the potential payoff. The more people who buy tickets, the larger the prize grows.

The jackpot is now the 10th largest ever won, though still far less than the record $1.586 billion prize set in 2016

While the jackpot increases, the chance of winning all that money remains miniscule, at one in 292.2 million. Those odds are the reason the jackpot has grown so large, as there have been 39 drawings in a row without a grand prize winner.

The jackpot amount refers to the payout for winners who choose the annuity option, which provides 30 payments over 29 years. Nearly all winners opt for cash, which for Saturday's drawing would be an estimated $450 million.

Powerball is played in 45 states plus Washington, D.C., the U.S. Virgin Islands and Puerto Rico

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in