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The giant Powerball jackpot grew even bigger, with officials increasing the estimated payout to $ 635 million ahead of Saturday night’s draw.
DES MOINES, Iowa – The giant Powerball jackpot grew even bigger on Friday as officials increased the estimated amount to $ 635 million ahead of Saturday night’s draw.
The grand prize has been increased from a previous estimate of $ 620 million, reflecting increased sales from players drawn to the potential payout. The more people who buy tickets, the more the price increases.
The jackpot is now the 10th biggest ever, although it remains well below the record price of $ 1.586 billion set in 2016
As the jackpot increases, the odds of winning all that money remain slim, at one in 292.2 million. These odds are the reason the jackpot has become so big, as there have been 39 draws in a row without a grand prize winner.
The jackpot amount refers to the payout for winners who choose the annuity option, which provides for 30 payouts over 29 years. Almost all of the winners go for cash, which for Saturday’s draw would be estimated at $ 450 million.
Powerball is played in 45 states plus Washington, DC, the US Virgin Islands, and Puerto Rico.
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