US Powerball jackpot rises to whopping $1.9bn | US News
The US Powerball jackpot has grown to a whopping $1.9 billion (£1.7 billion) after no one won over the weekend.
The previous jackpot was $1.6 billion (£1.4 billion) is the largest lottery prize ever offered.
To win the huge amount, the player must guess all six lucky numbers, including the last Powerball.
The next chance for ticket buyers to win the jackpot will be Monday’s draw, although they’ll have to beat steep odds of 1 in 292.2 million to win.
No one has won the jackpot since August 3 when one lucky ticket holder from Pennsylvania took home more than $200 million (£177 million), according to Powerball.
Since then, there have been 40 draws without a winner.
Americans can buy Powerball tickets for $2 (£1.77) a turn, and winners can decide to receive their money as an annuity, paid out in 30 payments over 29 years, or in cash. one-time payment in cash.
New $1.9 billion jackpot for winners paid through annuity over 29 years. Lottery jackpot winners usually prefer a cash payout, the amount for Monday’s draw will be $929.1 million (£820.5 million).
Both types of winnings are subject to federal and local taxes.
If you win $1.9 billion, you can comfortably buy Windsor Castle.
The castle’s current estimated market value is around £497.5 million ($561.9 million) according to estate agent comparison website GetAgent.
The total cost of building the world’s tallest building Burj Khalifa, in Dubai with a height of 2,717ft is $1.5 billion.
The Powerball jackpot is played in 45 US states, as well as Puerto Rico and the US Virgin Islands.
There are five states: Utah, Nevada, Hawaii, Alaska, and Alabama that do not have a lottery. Many reasons have kept them away, including opposition from conservatives, concerns about the impact on low-income families, or a reluctance to compete with existing gaming operations.