Someone in Washington state overcame steep odds Monday night to win an estimated $747 million Powerball jackpot
Lottery officials did not immediately make an announcement of a winner, but the Powerball website says there was a jackpot winner in Washington state. The site also says the jackpot for the next drawing on Thursday has dropped to $20 million.
It was the first Powerball jackpot win since Nov. 19, 2022. That winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history. The $747 million jackpot Monday is for a winner opting for an annuity paid over 29 years. Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower.The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes drawing more players. That strategy certainly has worked recently, as someone in Maine won a $1.35 billion Mega Millions prize in January and a California player hit a record $2.
Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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