Powerball Jackpot Reaches $1.09 Billion
The Powerball jackpot has reached an estimated $1.09 billion after no one matched the winning numbers for 39 consecutive drawings. The odds of winning the jackpot are 1 in 292.2 million.
Key Points
- Jackpot has not been won since New Year's Day, leading to a $1.09 billion prize
- If no winner on Wednesday, it will match a record 41 consecutive drawings without a winner
- Winner can choose between annuity payments over 30 years or a cash option
Pros
- Large jackpot prize attracts attention and increases ticket sales
Cons
- Extremely low odds of winning the jackpot at 1 in 292.2 million