Saturday’s Powerball drawing: Jackpot nears $1 billion after long dry spell for winners

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Saturday, September 30, 2023, 10:21 p.m

The Powerball jackpot is approaching the $1 billion mark after a long dry spell for winners

Another Powerball drawing on Saturday evening, another chance at a jackpot that’s slowly approaching the $1 billion mark.

The estimated $960 million prize is the ninth-largest lottery jackpot in the world, behind previous Powerball and Mega Millions prizes that were all over $1 billion.

The prize has become so large because there have been 30 consecutive drawings through July 19 without a big winner. This streak without a jackpot winner is due to the game’s high odds of winning, which are 1 in 292.2 million and are designed to make winnings so rare top prizes can become large.

The $960 million prize goes to a single winner who chooses an annuity with annual payments over 30 years. Winners almost always choose the cash option, which would be an estimated $441 million in Saturday’s drawing.

Federal taxes will eat up these winnings, and some states also tax large lottery winnings.

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

Copyright © 2023 by The Associated Press. All rights reserved.

Laura Coffey

Laura Coffey is a Worldtimetodays U.S. News Reporter based in Canada. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Laura Coffey joined Worldtimetodays in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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