After three months of no winners, the prize is reaching record highs.
For the last few months, and the last couple of weeks in particular, both lottery enthusiasts and casual gamblers have had their eyes glued to the regular Powerball lottery drawings. While plenty of participants have won the lottery’s lesser cash prizes in recent drawings, the big jackpot prize remains unclaimed. The longer the jackpot goes unwon, the greater it becomes in value.
As of this past weekend, where no players claimed the prize once again, the Powerball jackpot has risen to a record-setting $1.9 billion. Besides the monetary record, the current Powerball jackpot is also in the process of setting a record for most consecutive drawings with no winner. A previous Powerball in 2021 reached 41 consecutive drawings before finally landing on a winner; if the current jackpot persists for another week, that record will be broken.
“Like the rest of America and the world, I think we’re all eager to find out when this historic jackpot will eventually be won,” said Pennsylvania Lottery Executive Director Drew Svitko, the chair of the Powerball Product Group.
No winner yet! ?
The Powerball jackpot grows to an estimated $1.9 billion after no ticket matched all numbers in Saturday night’s drawing. https://t.co/xjB4StMgJ7
— ABC News (@ABC) November 6, 2022
Powerball drawings are held three times a week on Monday, Wednesday, and Saturday nights at 10:59 PM eastern time. Tickets are available in the majority of the United States, costing $2 a pop. Anyone who wins the jackpot can receive their winnings in either a single lump sum or in the form of gradual payments over the next 29 years, though lottery players are advised that the prize sum is presented before consideration of federal and state taxes.