lottery jackpot climbs to $1.2 billion

The Powerball currently has 38 consecutive draws without a jackpot winner. Indeed, the odds of hitting the jackpot are slim: one in 292.2 million.

The PowerBall jackpot, the main American lottery, will reach 1.2 billion dollars this Wednesday evening, since there were no winners found this Monday during the Halloween draw.

This is the fourth largest amount in US history. The record for the biggest jackpot at stake was $1.586 billion, shared in 2016 between three winners based in California, Florida and Tennessee.

Jackpots have become more and more common in recent years in the American lottery. Last August, Powerball officials increased the draw from two to three per week, driving up ticket prices and boosting sales, NPR said.

One in 292.2 million chance

Nobody has matched the six numbers since August 3, which is 38 consecutive draws without a jackpot winner. Indeed, the odds of hitting the jackpot are slim: one in 292.2 million.

Also, the lucky ones won’t necessarily get the $1.2 billion directly. Indeed, the Powerball allows either to receive the total amount of the jackpot over 29 years, or to receive a lesser amount but in a single payment. As of Wednesday night, that would be around $596 million, according to NPR.

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