$1.6 billion US Powerball Jackpot For Grab

An already record US Powerball jackpot has reached $1.9 billion (around R34 billion) after no one got a winning ticket in Saturday night’s draw, according to lottery officials.

The estimated $1.6 billion (around R28.7 billion) that was up for grabs on Saturday was the biggest lotto prize ever offered, Powerball said.

To win the jackpot, a player must guess all six lucky numbers, including the final “Powerball”. The winning numbers drawn on Saturday were 28,45,53,56,69 and the Powerball 20.

The next chance for ticket buyers to hit the jackpot will be Monday’s draw, although they will have to overcome the strong odds of 1 in 292.2 million to secure a win.

No one has won the jackpot since August 3, when a lucky ticket holder from Pennsylvania won over $200 million, according to Powerball.

The prize money has since exploded, generating plenty of business at gas stations and newsstands across the United States, where Americans buy Powerball tickets for $2 a person.

Winners can choose to receive their money as an annuity, paid in 30 installments over 29 years, or as a lump sum cash payment. Both types of winnings are subject to federal and local taxes.

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