Powerball at $415 million, ninth highest in U.S. history

Reuters News
Posted: May 07, 2016 9:49 AM

(Reuters) - The multi-state Powerball jackpot has grown to $415 million ahead of Saturday evening's drawing, making it the ninth-highest U.S. lottery prize in history, officials said.

It is the largest jackpot for any U.S. lottery since January, when three Powerball tickets split a record $1.6 billion. The drawing is set for 10:59 p.m. EDT (0259 GMT on Sunday).

The odds of winning at Powerball are one in 292 million. Statistics experts say that means an American is roughly 25 times more likely to become the next president of the United States than to win the game.

If no one wins on Saturday, which follows 18 consecutive drawings with no winner, the jackpot will grow to an estimated $525 million for Wednesday's numbers selection, Kelly Cripe, a Texas-based lottery spokeswoman, said in an email.

That would rank as the seventh-largest jackpot for any U.S. lottery, she said.

Powerball is played in 44 states, as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

(Reporting by Alex Dobuzinskis in Los Angeles; Editing by Alistair Bell and Digby Lidstone)