The US Powerball jackpot has climbed to an estimated $1.6 billion ahead of its drawing early today, cementing its place among the largest lottery prizes in American history.
The jackpot swelled after Saturday’s drawing produced no winners, allowing the payout to climb.
The next drawing was set for 10.59pm ET on Monday (0359 GMT on Tuesday), with the odds of winning the jackpot 1 in 292.2 million.
Players may choose between an annuitised payout of $1.6bn over 29 years or a lump-sum cash option of about $735.3m before taxes, according to the lottery website.
The jackpot is the fourth-largest in Powerball history and the fifth-largest among US lottery jackpots.
Several secondary prizes of $1m were claimed in the most recent drawing.
The largest Powerball jackpot ever was $2.04bn, won in California in 2022, representing the largest US lottery prize on record.
Large jackpots tend to bolster ticket sales, boosting revenue for state lottery funds that support education and other public spending.
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