Powerball drawing nears $935 million jackpot that has been growing for months

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Powerball jackpot reaching $935 million!

The Powerball jackpot has reached an astonishing $935 million, and it keeps growing! For months now, nobody has been able to claim this huge prize. Saturday night marks another chance for hopeful lottery players to try their luck and win big.

Since New Year’s Day, there hasn’t been a single winner of the Powerball’s top prize. This adds up to a remarkable 37 consecutive drawings without anyone hitting the jackpot. We’re getting close to breaking the record of 41 consecutive drawings, which was set twice before, in 2022 and 2021.

The odds of winning this massive jackpot are incredibly slim, at 1 in 292.2 million. But despite the long odds, the excitement continues to build as the jackpot keeps growing.

If someone manages to clinch the $935 million prize, they’ll have the option to receive it as an annuity paid over 30 years, or they can choose the cash option, which would amount to $452.3 million. However, winners should keep in mind that their prizes will be subject to federal taxes, and many states also tax lottery winnings.

Powerball is played in 45 states across the United States, as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings are held three times a week, every Monday, Wednesday, and Saturday at 11 p.m. Eastern Time.

The surge in large jackpots for both Powerball and Mega Millions in recent years is due to ticket prices being doubled and odds being lowered. Last August, a single ticket sold in Neptune, Florida, won a staggering $1.6 billion jackpot, making it the largest Mega Millions jackpot ever and the third-largest in lottery history. In February 2023, a fortunate individual near Los Angeles secured an astounding $2.04 billion Powerball jackpot, establishing a historic milestone as the largest ever in lottery history.

As excitement continues to mount, lottery enthusiasts eagerly await Saturday night’s drawing, hoping to become the next lucky winner of the monumental $935 million Powerball jackpot.

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