String of giant jackpots continues with $700M Powerball

DES MOINES, Iowa – No, it’s not a deja vu lottery.

There’s actually another huge lottery jackpot up for grabs on Saturday night, the latest in a grand prize streak that entices players to shell out $2 and try to beat the odds. redoubtable.

This time, the Powerball jackpot is estimated at $700 million, ranking 10th in US lottery history. It comes after a $1.35 billion Mega Millions prize won by a person in Maine less than three weeks ago and a record $2.04 billion Powerball jackpot won by a California player on November last year.

The prizes grow huge because their odds of winning are so long, at 1 in 292.2 million for Powerball. That allows the jackpot to spin week after week, getting bigger and bigger.

The last time someone won the Powerball jackpot was November 19, 2022.

A $700 million prize pool for select winners is paid out over 29 years through annuities. Nearly all jackpot winners love the one-time check, which for Saturday’s draw would be about $375.7 million.

Powerball is played in 45 states, as well as Washington, DC, Puerto Rico and the US Virgin Islands.

• $2.04 billion, Powerball, November 8, 2022 (one ticket, from California)
• $1.586 billion, Powerball, January 13, 2016 (three tickets, from California, Florida, Tennessee)
• $1.537 billion, Mega Millions, October 23, 2018 (one ticket, from South Carolina)
• $1.35 billion Mega Millions, January 13, 2023 (one ticket, from Maine)
• $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois)
• $1.05 billion, Mega Millions, January 22, 2021 (one ticket, from Michigan)
• $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin)
• $758.7 million, Powerball, August 23, 2017 (one ticket, from Massachusetts)
• $731.1 million, Powerball, January 20, 2021 (one ticket, from Maryland)
• $699.8 million, Powerball, October 4, 2021 (one ticket, from California)