Powerball jackpot climbs to $1.6B, setting new lottery prize record ahead of Saturday drawing

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Powerball jackpot climbs to $1.6B, setting new lottery prize record ahead of Saturday drawing
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The Powerball jackpot climbed to $1.6 billion, setting a new lottery prize record ahead of Saturday's drawing.

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 winning numbers drawn Wednesday night for a $1.2 billion jackpot were: 2, 11, 22, 35, 60 and the red Powerball 23.

While no one won the top prize, there were a number of smaller winners. Tickets that won a $2 million prize were sold in Arkansas, Montana and New Jersey. Tickets worth $1 million were sold in Arizona, California, Colorado, Georgia, Maryland, Minnesota, North Carolina, New Jersey, New York, Oregon, Texas and Virginia.The biggest all-time lottery jackpot was a $1.5863 billion Powerball prize in 2016, with the top prize shared by three winners in California, Florida and Tennessee.

Powerball is played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Odds of winning the Powerball jackpot is 1 in 292 million and tickets are $2 apiece.1. $1.586 billion, Powerball, Jan. 13, 2016 4. $1.05 billion, Mega Millions, Jan. 22, 2021

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