Powerball: Jackpot rises to $1.55 billion

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Powerball: Jackpot rises to $1.55 billion
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There is still no jackpot winner in Powerball, as the grand prize jumped to an estimated $1.55 billion after no ticket matched all five white numbers and the red Powerball on Saturday night.

There was no grand prize winner in Saturday night’s Powerball drawing, so Monday night’s jackpot will be worth an estimated $1.55 billion.

The current streak of 34 consecutive drawings now trails only the mark of 41, set in 2021 and 2022, according toIf someone wins the big prize on Monday night, they will have two options: An annuity, in which the winner receives one immediate payment followed by 29 annual payments that increase by 5% each year, or the lump sum option. Choosing the second option will make the cash value amount approximately $679.8 million before taxes, lottery officials said.

The $1.55 billion remains the third-largest jackpot in Powerball history, but there is a chance that Monday’s amount could surpass the $1.586 billion that was won on Jan. 13, 2016. Three tickets -- one each in California, Florida and Tennessee -- split that jackpot.$1.586 billion – Jan. 13, 2016 .$1.08 billion – July 19, 2023, drawing .$758.7 million – Aug. 23, 2017 .$731.1 million – Jan. 20, 2021 .

“This has become another top-charting jackpot in the Powerball game, and we’ve had several factors align at the right time to be able to support back-to-back billion-dollar jackpots in a matter of months,” Drew Svitko, the Powerball product group chair and Pennsylvania Lottery executive director, said inDrawings are held every Monday, Wednesday and Saturday. Tickets, which cost $2 per play, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

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