Powerball players will get another chance Monday at a jackpot estimated at over $1 billion, after no one won the big prize Saturday night.
No one has matched all six numbers since May 31, allowing the jackpot to swell to $1.1 billion, which would be the fifth-largest prize in the game’s history. Payments would be spread over 30 years, or a winner could choose an immediate lump sum of an estimated $498.4 million, again before taxes.
The odds of matching all six numbers are astronomical: 1 in 292.2 million. The likelihood of getting struck by lightning is far greater. But with so many people putting down money for a chance at life-changing wealth, someone eventually wins.
The numbers drawn Saturday were 3, 18, 22, 27 and 33, with the Powerball 17.
Powerball, which costs $2 per ticket, is played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The five states that don’t participate in Powerball are Alabama, Alaska, Hawaii, Nevada and Utah. Drawings are held each week on Monday, Wednesday and Saturday nights.
Based on a top federal rate of 37%, here’s the total after-tax payout in each state and Washington, D.C., for both the lump sum and the 30-year annuity had there been a winner of the jackpot prize, according to USAMega.com.
— CNBC contributed to this report
