Powerball tickets price $2 to buy and are offered in 45 US states. (File)

Washington:

The US Powerball jackpot grand prize that might pay out as quickly as Saturday has climbed to $1.6 billion, the world’s largest lotto prize ever.

The jackpot has been steadily rising for the reason that grand prize was final gained on August 3 in Pennsylvania.

Saturday’s drawing, which is able to happen on the Florida Lottery studio at 10:59 pm (02:59 GMT), marks the fortieth Powerball drawing for the reason that jackpot was final gained.

The final Powerball report jackpot occurred in 2016 when tickets in California, Florida and Tennessee shared a $1.586 billion jackpot.

Odds of profitable the jackpot are 1 in 292.2 million, based on Powerball organizers.

Winning ticket holders aren’t the one ones to get a pay day within the drawing. US tax authorities will take round 40 p.c of the jackpot, and state and native authorities could desire a share as nicely.

Any sole Powerball winner might select to obtain a lump sum cost, calculated for Saturday’s jackpot at $782.4 million. Or they may go for 30 graduated funds over 29 years.

Powerball tickets price $2 to buy and are offered in 45 US states, the District of Columbia, Puerto Rico and the US Virgin Islands.

To play Powerball, a ticket purchaser should select 5 totally different numbers from one to 69, then decide a Powerball quantity from one to 26.

Then the client goes house and goals massive — of mansions, new automobiles, fancy meals and luxurious holidays — whereas ready for the outcomes of the drawing and the doubtless letdown afterward.

If nobody hits the jackpot in Saturday’s drawing, it’ll tie the report for the longest stretch with no grand prize.

Prior to the huge 2016 Powerball payout, earlier data had been set in 2019 in Wisconsin ($768.4 million) and in 2017 in Massachusetts ($758.7 million).

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)