Powerball Jackpot Soars to $1.6B, 5th Largest in U.S. History
Update: 2025-12-21
Description
The Powerball jackpot has reached a staggering $1.6 billion, making it one of the largest lottery prizes in U.S. history. With no winner in Saturdays drawing, another massive drawing is set for Monday night. The prize now ranks as the fifth-largest jackpot ever in the U.S., with the potential to become the fourth-biggest in Powerball history. Ticket sales have surged despite the slim odds of one in 292.2 million, as the money from sales funds public schools and other state services. Winners can choose a lump-sum payment of about $735.3 million or an annuity of $1.6 billion before taxes, with the first payment being a big check and the next twenty-nine payments growing by 5% each year.
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