"Powerball players in Missouri and Texas won the nearly $1.8 billion jackpot on Saturday, overcoming astronomical odds to end the lottery game's three-month drought without a big winner. The $1.787 billion prize, which was the second-largest U.S. lottery jackpot in history, followed 41 consecutive drawings in which no one matched all six numbers. The last drawing with a jackpot winner happened May 31."
"The winning numbers were 11, 23, 44, 61, and 62, with the Powerball number being 17. The winning ticket in Texas was sold at a gas station-convenience store in Fredericksburg, according to the Texas Lottery. Powerball's terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes growing as they roll over when no one wins."
Powerball players in Missouri and Texas won a $1.787 billion jackpot by matching numbers 11, 23, 44, 61 and 62 with Powerball 17. The Texas winning ticket was sold at a gas station-convenience store in Fredericksburg. The prize was the second-largest U.S. lottery jackpot and followed 41 consecutive drawings with no jackpot winner; the last jackpot win occurred May 31. Powerball odds are 1 in 292.2 million, while smaller prizes have far better odds. Each winner can choose an annuitized $893.5 million payout or a $410.3 million lump sum before taxes. The annuity pays one immediate amount plus 29 annual payments increasing 5% yearly. Powerball tickets cost $2 and the game is offered in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. There are three drawings each week.
Read at Fortune
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