Jackpot Alert: Top Powerball Prize Still on the Rise
Powerball fever is officially out of hand!
The record $1.6 billion jackpot will not be claimed, as no one correctly drew all six numbers on Saturday. That means, for the 40th straight drawing since August 3, the top prize will rise again, now standing at $1.9 billion for Monday night, November 7.
Ironically, Powerball officials added a third drawing last year to increase the odds of winning and to help increase jackpots faster, and now, here we are!
According to Fox Business:
The jackpot on Saturday was $1.6 billion. The numbers drawn were: 28, 45, 53, 56, 69 with the Powerball of 20. The Powerplay multiplier was 3x, according to Powerball.com.
Obviously, anything from here is a new record, including the $1.9 billion Monday night jackpot. The game is played in 45 states, including Iowa, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
The odds of winning any Powerball jackpot are 1 in 292.2 million. The last time there was a winner was way back on August 3, when a player in Pennsylvania won $206.9 million.
Many financial experts say that if you win the Powerball or any other huge lottery jackpot, and are young enough, you should probably take the annuity payout. As we reported in a previous story,
Under the lottery's annuity plan, you get an initial payment, and then 29 annual payments that rise by 5% each year until reaching that $1.5 billion payout. Many lottery winners take the cash and just assume they can invest and make more money than the annuity pays out.
I'll end on this note, wishing you the best of luck and encouraging you to "play responsibly".