The Powerball jackpot climbed to an estimated $835 million after no one beat the immense odds Monday night and won the top prize.
With the latest bit of lottery losing, there now have been 29 consecutive drawings without a jackpot winner, dating back to July 19 when a player in California won $1.08 billion.
That winless streak is due to the miserable odds of winning the Powerball jackpot, at 1 in 292.2 million. It’s those long, long odds that result in such large top prizes, as they cause the jackpot to roll over week after week.There has now been 29 consecutive drawings without a jackpot winner.The new jackpot is one of the largest in the world, behind grand prizes in the Powerball and Mega Millions games that all topped $1 billion.Although the game highlights the $835 million prize, that is for a winner who is paid through an annuity over 30 years.
Winners almost always choose the cash payout option, which for the next drawing Wednesday night will be an estimated $390.4 million.Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the US Virgin Islands.
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