US Powerball players face steep odds as jackpot hits $1bn

By Satyam Sharma

JULY 19, 2023

- The Powerball lottery prize is projected to be worth $1 billion.

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- For 38 consecutive draws, no winning ticket was sold.

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- The most recent Powerball jackpot was won on April 19th for roughly $253 million.

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The Jackpot has continually increased since then.

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- This would be the seventh-largest jackpot in US lottery history.

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- Powerball is a 31-year-old lottery that is played in 45 states, the District of Columbia, Puerto Rico, and the Virgin Islands

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- The winner may pick between 29 yearly payments or a single amount of approximately $517 million before taxes.

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US Powerball players face steep odds as jackpot hits $1bn