Powerball Jackpot Surpasses $1 Billion Mark with No Winning Ticket

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The Powerball jackpot has reached an astounding estimated amount of $1 billion after no winning ticket was sold in the latest drawing.

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Monday's drawing did not yield a match for the white balls 5, 8, 9, 17, 41, and red Powerball 21, leaving the jackpot at $900 million.

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For Wednesday's drawing, the potential $1 billion prize would become the seventh highest lottery jackpot in U.S. history and the third largest for Powerball.

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Ticket buyers have the option to receive the prize as $1 billion paid out in yearly installments or a one-time lump sum of $516.8 million before taxes.

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Three fortunate individuals each won $2 million by matching all five numbers plus the Power Play. Winning tickets were purchased in Arkansas, Georgia, and Texas.

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Additionally, five people each won $1 million after matching all five numbers, with winning tickets sold in Connecticut, Florida, Kentucky, New York, and Pennsylvania.

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The game's odds of 1 in 292.2 million are intentionally challenging to create significant jackpots that attract more players.

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The largest Powerball jackpot to date was a staggering $2.04 billion, won in November of the previous year.

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The last time a Powerball jackpot was won was on April 19, when a lucky individual secured a top prize of nearly $253 million. Since then, no grand prize has been claimed in the past 38 consecutive drawings.

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Powerball is widely played across 45 states, as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.