The Powerball jackpot continues to develop, reaching an estimated $1.1 billion after there were no big winners in Saturday night time’s drawing.
The profitable numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16.
While there were no big winners, two tickets – offered in North Carolina and Pennsylvania – gained $2 million every, Powerball said.
The subsequent drawing is Monday night time.
This is the second jackpot to hit no less than $1 billion this yr. Two winners – in Texas and Missouri – break up Powerball’s $1.787 billion prize in September. That was the second largest jackpot in US lottery historical past; the most important, a $2.04 billion Powerball prize, was gained in 2022.
Billion-dollar jackpots have been in the US just for the previous decade or so, with the primary in 2016 from Powerball, valued at $1.586 billion.
Whether winners truly take an marketed jackpot worth relies on how they select to be paid. The $1 billion provided in Saturday’s drawing would have come provided that a winner opted for 30 escalating installments – which lotteries provide via an annuity accounting for interest – over 29 years.
Otherwise, a winner may select a lump sum representing what’s in the actual jackpot pool on the day of the drawing, which in Monday’s drawing is an estimated $503.4 million.
Both figures are earlier than taxes. Powerball and Mega Millions jackpot winners usually take the lump sum.