Powerball Jackpot Reaches $1.3 Billion After No Winner in Labor Day Drawing

1 min read
Source: Forbes
Powerball Jackpot Reaches $1.3 Billion After No Winner in Labor Day Drawing
Photo: Forbes
TL;DR Summary

The Powerball jackpot has risen to $1.3 billion after no winner was found in Monday's drawing, making it the largest lottery prize since April 2024. The winner can choose between a lump sum of approximately $589 million or annual payments totaling $1.3 billion, with taxes significantly reducing the take-home amount. The odds of winning are 1 in 292.2 million, and the next drawing is scheduled for Wednesday, with the jackpot potentially surpassing this year's biggest prize.

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