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Powerball Jackpot Surpasses $1 Billion After No Winner Declared

The lottery climbed to $1.1 billion after Saturday’s drawing yielded no winner.

The Powerball jackpot reached new heights over the Labor Day weekend, surging to $1.1 billion after no winner was announced in Saturday’s drawing. It is the 40th draw without a winner, just two shy of the Powerball’s longest run without a winner. “America has waited all year for the chance to play for a billion-dollar jackpot, and what better time than Labor Day for a $1.1 billion Powerball drawing!” said Matt Strawn, Powerball Product Group chair and Iowa Lottery CEO. The lucky player to win the billion-dollar prize can choose to receive a one-time payment of $498.4 million or opt for $1.1 billion in payments over the course of 30 years. The prize is the fifth-largest in the game’s history. The largest Powerball sum on record was $2.04 billion, which was won in November 2022 in California. The association said the odds of winning the jackpot are 1 in 292.2 million.