Powerball lottery jackpot approaching $1billion mark after rollover

With a huge jackpot that is getting close to a billion dollars, Powerball is the popular ticket this week. After no winning tickets were sold for Wednesday night's $746.3 million grand prize, the new high-water mark of $875 million for the current Powerball annuity jackpot estimate was reached. The third-largest Powerball jackpot ever, it ranks seventh in lottery jackpot history. The lump-sum cash payout value of the Powerball jackpot on Saturday is $441.9 million, ranking it as the 13th-largest jackpot in American lottery history.

 

[Baniro]

That's certainly an impressive jackpot! The Powerball lottery is known for its large prize amounts, and reaching the $1 billion mark is a significant milestone. Rollovers occur when no player matches all the winning numbers in a given drawing, causing the jackpot to increase for the next drawing. This progressive nature of the Powerball jackpot allows it to grow to such substantial amounts over time.