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Monday night’s $785M Powerball jackpot is ninth largest lottery prize. Odds of winning are miserable

DES MOINES, Iowa (AP) — The ninth-largest lottery jackpot will likely be on the road Monday evening when numbers are drawn for a $785 million Powerball prize.

The payout has grown so giant as a result of it has been constructing for greater than two months, since a participant in California matched all six numbers on July 19 and received $1.08 billion. That is 28 consecutive drawings with out a massive winner.

That winless streak is because of the depressing odds of profitable the Powerball jackpot, at 1 in 292.2 million. It is these lengthy, lengthy odds that end in such giant high prizes, as they trigger the jackpot to roll over week after week.

The jackpot is the ninth-largest on this planet, behind high prizes within the Powerball and Mega Tens of millions video games that each one topped $1 billion. The largest jackpot was a $2.04 billion Powerball prize received in November 2022 in California.

Though the sport highlights the $785 million prize, that’s for a winner who’s paid by an annuity over 30 years. Winners virtually all the time select the money payout choice, which for Monday evening’s drawing can be $367 million.

The large jackpot would even be topic to federal taxes, and a few states additionally tax lottery winnings.

Powerball is performed in 45 states, in addition to Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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