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BusinessThe Powerball jackpot has soared to $1.7 billion after 46 consecutive drawings without a big winner, making it the fourth-largest in U.S. lottery history. The next drawing is set for Christmas Eve, while Powerball tickets are available in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

Powerball Jackpot Soars to $1.7 Billion Ahead of Christmas Eve Drawing

The Powerball jackpot has reached an astonishing $1.7 billion following 46 consecutive drawings without a winner. The drawing on Christmas Eve is set to be one of the largest in U.S. lottery history.

Source: AP1 min read
Powerball Jackpot Soars to $1.7 Billion Ahead of Christmas Eve Drawing
Image via AP

In brief

The Powerball jackpot has climbed to $1.7 billion after 46 draws without a big winner. The next drawing is scheduled for Christmas Eve, making it the fourth-largest in U.S. history. The current odds are 1 in 292.2 million, but winners often opt for cash prizes, which for this drawing would amount to an estimated $735.3 million.

The Powerball jackpot has jumped to an eye-popping $1.7 billion, after the 46th drawing passed without a big winner.

The numbers drawn Monday night were 3, 18, 36, 41, 54 and the Powerball 7.

Since Sept. 6, there have been 46 straight drawings without a big winner.

The next drawing will be Christmas Eve on Wednesday, with the prize expected to be the 4th-largest in U.S. lottery history.

Powerball’s odds of 1 in 292.2 million are designed to generate big jackpots, with prizes growing as they roll over when no one wins. Lottery officials note that the odds are far better for the game’s many smaller prizes. There are three drawings each week.

The estimated $1.6 billion jackpot goes to a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which for Monday night’s drawing would be an estimated $735.3 million.

Powerball tickets cost $2, and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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Associated Press videojournalist Emilie Megnien in Atlanta contributed to this report.

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Olivia Diaz is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

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