No winner in Monday's Powerball drawing. Jackpot...
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Powerball jackpot soars to £1BILLION - the third largest in US history - after no winning ticket matched Monday's drawing
The Powerball jackpot rose yet again to an estimated $1 billion after no winning ticket was sold for the latest drawing, the third largest in US history.
No ticket for Monday's drawing matched the white balls 5, 8, 9, 17, 41 and red Powerball 2. The jackpot was estimated at $900 million.
Wednesday's jackpot would now be the third highest in the nation's history and will keep growing until someone beats the one in 292.2 million odds and wins.
Ticket buyers have a chance at $1bn paid out in yearly increments or a $516.8mn one-time lump sum before taxes.
The largest Powerball jackpot was $2.04 billion Powerball last November.
Vinnie Clemente, right, buys Powerball tickets from Elias Harv at a gas station, on Friday, July 14, 2023, in Crystal, Minn. Harv said he's seen a surge in customers buying lottery tickets as Powerball and Mega Millions jackpots reached $875 million and $560 million respectively
Powerball ticket sales continue to grow in St. Joseph, Mo., Monday, July 17, 2023, after no winner was selected in the previous drawing. (AP Photo/Nick Ingram)
Three people won $2 million after matching all five numbers plus the Power Play, lottery officials said. The winning tickets were sold in Arkansas, Georgia and Texas.
Biggest jackpots in US history
1. $2.04 billion, Powerball, Nov. 2022 (one ticket, in California)
2. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets, in California, Florida, Tennessee)
3. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, in South Carolina)
4. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, in Illinois)
5. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket, in Michigan)
6. $768.4 million, Powerball, March 27, 2019 (one ticket, in Wisconsin)
7. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, in Massachusetts)
8. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, in Maryland)
9. $699.8 million, Powerball, Oct. 4, 2021 (one ticket, in California)
10. $687.8 million, Powerball, Oct. 27, 2018 (two tickets, in Iowa and New York)
Five people won $1 million after matching all five numbers.
The winning tickets were sold in Connecticut, Florida, Kentucky, New York and Pennsylvania.
The probability of winning that prize is less than 1 in 11 million.
For reference, the odds of being struck by lightning is only 1-in-15,000.
The last time someone won the Powerball jackpot was April 19 for a top prize of nearly $253 million.
Since then, no one has won the grand prize in the past 38 consecutive drawings.
Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
The snowballing jackpot has encouraged more buyers to take a punt on the lottery, store clerks believe.
'It's never been before like this,' store clerk Harv said. 'They come two to three times a day.'
'Everybody has his own dream,' he added.
Lia Nower, a professor and the director of the Center for Gambling Studies at Rutgers University, said the lottery has historically acted as a regressive tax on the poor.
It means the people that can least afford to lose their money buy the most tickets.
She said her 'concern with lottery is really more people who are buying it every day or two or three times a week' as opposed to those who purchase one ticket as the jackpot nears $1 billion.
An electronic message board displays Powerball and Mega Millions lottery jackpots in New York City, New York, U.S., July 17, 2023
