Following Saturday night's drawing, the Powerball jackpot was estimated to be worth $975 million.
Following Saturday night's drawing, the Powerball jackpot was estimated to be worth $975 million.

Powerball Jackpot Soars to $975 Million Amidst Long Streak

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The Powerball jackpot surged to an estimated $975 million following Saturday night’s drawing, as no ticket matched all six numbers. This extended a nearly three-month period without a major jackpot winner.

The numbers drawn for the latest Powerball drawing were 12, 13, 33, 50, and 52, with the red Powerball number being 23.

Prolonged Winless Streak:

The absence of a jackpot winner marked the 38th consecutive drawing without a top prize being claimed. This streak is approaching the record of 41 consecutive drawings, which occurred twice in 2022 and 2021.

The current $975 million prize is for a single winner who opts for an annuity over 30 years. Alternatively, a winner choosing the cash option would receive $471.7 million. However, both prizes would be subject to federal taxes, with additional state taxes applicable in many states.

Growing Jackpots and Increased Ticket Sales:

As the jackpot swells, ticket sales escalate, making it increasingly challenging to secure the winning combination. The odds of winning the Powerball jackpot for Saturday’s drawing were 1 in 292.2 million.

Powerball is widely played across 45 states, along with Washington, D.C., Puerto Rico, and the U.S. Virgin Islands, contributing to the immense popularity of the game and the staggering jackpot amounts.

Joshua Skate

Joshua Skate is a prominent contributor at Insider Los Angeles, known for his vibrant storytelling and deep dive into the city's culture, trends, and hidden gems. His pieces bring to life the unique spirit and diversity of Los Angeles, making him a go-to source for all things LA.

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