The US Powerball jackpot is as high as 1.9 billion US dollars | DayDayNews US News

The US Powerball jackpot has risen to a whopping $1.9bn (£1.7bn) after a weekend with no winners.

This Previous $1.6 Billion Jackpot (£1.4bn) is the largest lotto prize ever offered.

To win huge prizes, players must guess all six lucky numbers, including the final Powerball.

Ticket buyers’ next chance to win the jackpot will be Monday’s draw, although they’ll have to overcome high odds of 1 in 292.2 million to win the jackpot.

No jackpot has been won since a lucky ticket holder from Pennsylvania took home more than $200 million (£177 million) on August 3, according to Powerball.

Since then, there have been 40 draws without a winner.

Americans can buy a $2 (£1.77) Powerball ticket at a time, and the winner can decide to keep their money as an annuity, paid out in 30 instalments over 29 years, or a one-time cash payment.

The new $1.9 billion jackpot applies to winners paid out through a 29-year annuity. Winners of the lottery jackpot usually prefer one-off cash, with Monday’s draw of $929.1 million (£820.5 million).

Both types of bonuses are subject to federal and local taxes.

Hector Solis holding Saturday's raffle tickets bought with his colleagues
Hector Solis holding the ticket he bought with his colleagues for Saturday’s draw

If you win $1.9 billion, you can easily buy Windsor Castle.

The castle’s current estimated market value is around £497.5 million ($561.9 million), according to estate agent comparison site GetAgent.

The Burj Khalifa, the world’s tallest building in Dubai, has a total construction cost of $1.5 billion and is 2,717 feet tall.

Powerball jackpots are played in 45 US states, as well as in Puerto Rico and the US Virgin Islands.

There are five states: Utah, Nevada, Hawaii, Alaska and Alabama without lotteries. They are held back for a variety of reasons, including opposition from conservatives, concerns about the impact on low-income households or a desire not to compete with existing gaming operations.

Source link