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Powerball's $1.09 Billion Jackpot: A Colossus of Cash

Powerball's $1.09 Billion Jackpot: A Colossus of Cash
Powerball's $1.09 Billion Jackpot: A Colossus of Cash

Powerball Jackpot Soars to $1.09 Billion

On Wednesday, Powerball will offer a staggering $1.09 billion jackpot, the fourth-largest in the lottery's history. After Monday's drawing failed to produce a grand prize winner, the jackpot has grown from an initial estimate of $1 billion.

This jackpot ranks ninth among the largest U.S. lottery prizes, slightly below the $1.13 billion Mega Millions jackpot won in New Jersey last week.

Prize Options and Recent Winners

Winners have the option of receiving the jackpot as annuitized payments or a lump sum of approximately $527.3 million.

While there was no jackpot winner on Monday, six players in various states won $1 million prizes. Over 2 million players won prizes at lower tiers.

Past Jackpots and Odds

The Powerball jackpot was last won in January, when a Michigan ticket claimed $842.4 million. Since then, 39 consecutive drawings have occur

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