The Powerball Lottery jackpot has surged to an astonishing estimated $1.04 billion following the latest drawing, which concluded without a winner matching all six Lottery Winning Numbers. This marks only the fourth instance in the American Lottery’s history where the prize has exceeded $1 billion. The last winner claimed the Powerball grand prize on July 19, 2023, with 32 rounds since playing out without a winner.
Powerball jackpots have previously crossed the $1 billion mark twice: in January 2016, and again in November 2022. While no ticket matched all six numbers in the recent drawing, over 2.5 million purchased Lottery Tickets won some form of monetary prize, with five tickets earning $1 million each. The next Powerball drawing is on Monday night, October 2.
The estimated $1.04 billion Powerball Lottery jackpot has a cash value of $478.2 million, with winners having the choice of annual annuities or an immediate lump sum payment.”
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