The Powerball jackpot climbed to an estimated $1.73 billion after no one matched the game’s six numbers Monday and won the giant prize.
The winning numbers announced were: 16, 34, 46, 55, 67 and the Powerball 14.
There has been no winner for 35 consecutive drawings, since the last time someone won the top prize on July 19. That streak trails the record of 41 draws set in 2021 and 2022. The largest jackpot ever was a $2.04 billion Powerballprize hit by a player in California in November 2022.
The scarcity of Powerball jackpot winners reflects the game’s daunting odds of 1 in 292.2 million.
The $1.73 billion prize is for a sole winner who is paid through an annuity, with annual checks over 30 years. Most jackpot winners opt for cash, which for the next drawing Wednesday night would be an estimated $756.6 million.
Federal taxes eat into the winnings, and some states also tax big lottery prizes.
Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
This article was updated at 3:42 a.m. Tuesday, Oct. 10, with the latest development — namely, that nobody won Monday night.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
