U.S. Powerball price world-record $1.6 billion in Saturday night time drawing By Reuters

(Reuters) – The U.S. Powerball jackpot that will likely be drawn on Saturday night time is the biggest lotto prize ever provided at an estimated $1.6 billion, breaking the earlier world report the sport set in 2016, in accordance with lottery officers.

Nobody has received the jackpot since Aug. 3, permitting the prize cash to mushroom and producing plenty of enterprise at fuel stations and newsstands round the USA, the place Individuals purchase Powerball tickets for $2 a pop.

To win the large prize, a participant should guess all six fortunate numbers, together with the ultimate “Powerball.” Gamers have a 1 in 292.2 million probability of profitable the jackpot, and a 1 in 24.9 probability of profitable a smaller prize, in accordance with lottery officers.

Winners could elect to obtain their cash as an annuity, paid in 30 graduated funds over 29 years, or a lump sum money cost. Each forms of winnings are topic to federal and native taxes.

The drawing will happen at 10:50 p.m. EDT on Saturday (0250 GMT on Sunday) within the Florida state capital of Tallahassee. It will likely be the fortieth Powerball drawing because the Aug. 3 win.

The longest run within the historical past of the lottery ended on Oct. 4, 2021, when a California ticket holder received a $699.8 million jackpot after 41 drawings.