Powerball jackpot up to $1.6 billion, new lottery record
DES MOINES, Iowa (AP) — Strong sales boosted a Powerball jackpot to an estimated $1.6 billion on Friday, making it the largest lottery prize in history.
A drawing will be held Saturday night for the Powerball prize, which hasn’t been won in more than three months. That string of 39 consecutive drawings without a winner is a reflection of the tough odds of winning a jackpot, at 1 in 292.2 million.
The advertised jackpot is the prize for a winner who chooses an annuity, paid annually over 29 years. Almost all winners instead opt for the cash prize, which for Saturday night’s drawing would be an estimated $782.4 million.
The new jackpot tops the previous record prize of $1.586 billion won in 2016 by three Powerball players in California, Florida and Tennessee.
Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
1. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets, from California, Florida, Tennessee)
Rebecca Hargrove, second from right, president and CEO of the Tennessee Lottery, presents a ceremonial check to John Robinson, right; his wife, Lisa, second from left; and their daughter, Tiffany, left; after the Robinson's winning Powerball ticket was authenticated at the Tennessee Lottery headquarters Friday, Jan. 15, 2016, in Nashville, Tenn. The ticket was one of three winning tickets in the $1.6 billion jackpot drawing. (AP Photo/Mark Humphrey)
2. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, from South Carolina)
FILE-In this Wednesday, Oct. 24, 2018 file photo, South Carolina Education Lottery Chief Operating Officer Tony Cooper, left, and KC Mart owner CJ Patel, right, speaks to reporters about the winning ticket sold at the Simpsonville, S.C., store. Nearly everyone in this small town has a theory for the city's billion-dollar mystery: Who won the $1.5 billion Mega Millions jackpot announced last October? (AP Photo/Jeffrey Collins, File)
3. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois)
A display for the Mega Millions lottery is seen at a store, Friday, July 29, 2022, in San Diego. (AP Photo/Gregory Bull)
4. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket, from Michigan)
In this Feb. 26, 2021, photo provided by the Michigan Lottery, attorney Kurt Panouses poses with a check on behalf of the winners of a Mega Millions lottery jackpot in Lansing, Mich. Four people in a suburban Detroit lottery club have won a $1.05 billion Mega Millions lottery jackpot and will share $557 million after taxes. Officials made the announcement Friday, March 12, 2021, nearly two months after the Jan. 22, drawing.(Michigan Lottery via AP)
5. $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin)
Jackpots, including the Powerball jackpot, are on display at the Lotto Store at Primm just inside the California border Wednesday, March 27, 2019, near Primm, Nev. The Powerball jackpot soared to a massive $750 million Wednesday. (AP Photo/John Locher)
6. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts)
Mavis Wanczyk, of Chicopee, Mass., stands with state treasurer Deb Goldberg, left, during a news conference where she claimed the $758.7 million Powerball prize at Massachusetts State Lottery headquarters, Thursday, Aug. 24, 2017, in Braintree, Mass. Officials said it is the largest single-ticket Powerball prize in U.S. history. (AP Photo/Josh Reynolds)
7. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, from Maryland)
Powerball and Mega Millions lottery and Florida Lotto jackpots are displayed at a retailer, Wednesday, Jan. 13, 2021, in North Miami Beach, Fla. Lottery players will have a shot Friday night at the fifth-largest jackpot in U.S. history after no tickets matched all the numbers in the latest Mega Millions drawing. The big prize for Powerball, the other national lottery game, is $550 million for Wednesday night's drawing. (AP Photo/Wilfredo Lee)
8. $699.8 million, Powerball, Oct. 4, 2021 (one ticket, from California)
A customer makes a purchase, Thursday, Jan. 6, 2022, under a sign showing that one of the two winning Powerball tickets in the latest drawing was sold at this 7-Eleven in Sacramento, Calif. The other winning ticket was purchased in Wisconsin and the two winners will split the $632 million jackpot. The winning numbers for the Powerball jackpot drawn Wednesday, Jan. 5, 2022 were 6, 14, 25, 33 and 46. The Powerball was 17.(AP Photo/Rich Pedroncelli)
9. $687.8 million, Powerball, Oct. 27, 2018 (two tickets, from Iowa and New York)
Iowa Lottery CEO Terry Rich, left, presents a check to Lerynne West, of Redfield, Iowa, center, for her share of a nearly $700 million Powerball prize, Monday, Nov. 5, 2018, at the Iowa Lottery headquarters in Clive, Iowa. West was one of two winners of a $688 million jackpot drawn Oct. 27. She'll share the prize with someone who bought the other winning ticket in New York City. (AP Photo/Charlie Neibergall)
10. $656 million, Mega Millions, March 30, 2012 (three tickets, from Kansas, Illinois and Maryland)
Powerball winners Celeste and Joseph Tamburello display a ceremonial check for $70 Million from the New Jersey Lottery, Monday, March 26, 2012 in Lawrenceville, N.J. They will get a $41.5 million lump sum payout for the cash value ticket, which they bought at the Little Silver Family Pharmacy in Little Silver, N.J. At right is Foster Krupa, New Jersey Lottery marketing manager. (AP Photo/Beth DeFalco)
Bruce Gideos, floor manager at Pierre's Place, in Chesterfield, N.H., prints out Powerball tickets on Thursday, Nov. 3, 2022. The Powerball jackpot climbed over $1.5 billion on Thursday after no one won Wednesday's drawing. (Kristopher Radder/The Brattleboro Reformer via AP)