The Powerball jackpot is $1.7 billion after Wednesday's drawing produced no top-prize winner, marking 41 consecutive drawings without a grand-prize winner since May 31. The drawn numbers were 3, 16, 29, 61 and 69, with Powerball 22. The next drawing is Saturday night and the jackpot is expected to be the third-largest in U.S. lottery history. Odds of winning the jackpot are 1 in 292.2 million, while smaller prizes have much better odds. The estimated annuity value from Wednesday would have been $1.4 billion over 30 payments in 29 years; the cash option was about $634.3 million. Tickets cost $2 and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
DES MOINES, Iowa (AP) - The Powerball jackpot has jumped to an eye-popping $1.7 billion, after yet another drawing passed without a big winner Wednesday. The numbers selected were: 3, 16, 29, 61 and 69, with the Powerball number being 22. Since May 31, there have been 41 straight drawings without a big winner. The next drawing will be Saturday night, with the prize expected to be the third-largest in U.S. lottery history.
Powerball's terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. Lottery officials note that the odds are far better for the game's many smaller prizes. The estimated $1.4 billion jackpot from Wednesday night's drawing would have been for a winner who had opted to receive 30 payments over 29 years through an annuity.
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