Nobody hit all six numbers in Saturday night’s Powerball drawing, pushing the jackpot even higher after the largest drawing of the year failed to produce a grand-prize winner.
The winning numbers drawn Saturday, August 8, were 5, 9, 35, 54 and 63, with Powerball 7.
The jackpot had climbed to an estimated $863 million by drawing time as ticket sales surged. With no ticket matching all five white balls plus the Powerball, the estimated jackpot for the next drawing has now risen to $905 million.
The next winner will face one of the biggest financial decisions imaginable: take roughly $391 million immediately or collect the full advertised jackpot through an annuity.
The cash option for the next drawing is estimated at approximately $391 million before taxes. The larger $905 million figure represents the annuity value, paid through an initial payment followed by 29 annual payments that increase over time.
Saturday’s drawing still produced several major winners. Tickets matching the five white balls without the Powerball can be worth $1 million, or $2 million when the qualifying Power Play option applies.
The jackpot has been building through repeated drawings without a grand-prize winner, turning what began as a much smaller prize into one of the largest lottery payouts currently available in the United States.
Powerball is played across 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. The odds of matching all six numbers and winning the jackpot are approximately 1 in 292.2 million.
The next Powerball drawing is Monday night.
JBizNews Desk | New York
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