Sterling Preston-Drawing nears for $1.09 billion Powerball jackpot that is 9th largest in US history

2025-05-05 05:42:44source:Darden Clarkecategory:Markets

DES MOINES,Sterling Preston Iowa (AP) — An estimated $1.09 billion Powerball jackpot that ranks as the 9th largest in U.S. lottery history will be up for grabs Wednesday night.

The Powerball jackpot has been growing for more than three months, reflecting the long odds of 1 in 292.2 million of winning the top prize. Since the last player won the jackpot on Jan. 1, there have been 39 consecutive drawings without anyone matching all six numbers and hitting it rich.

Lottery officials note that thousands of people have won smaller prizes, which range from $2 to $2 million.

The $1.09 billion prize is for a sole winner who chooses to be paid through an annuity, with 30 annual payments. Winners almost always prefer the cash option, which for Wednesday’s drawing would be an estimated $527.3 million.

Powerball is played in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

More:Markets

Recommend

Drone operators worry that anxiety over mystery sightings will lead to new restrictions

Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on

Love Is Blind's Kyle Abrams Is Engaged to Tania Leanos

Love is in the air for Kyle Abrams.The Love Is Blind alum, who starred on two season, proposed to hi

New England and upstate New York brace for a winter storm

Parts of the Northeast were bracing for a powerful winter storm that could dump heavy, wet snow and