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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

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.

Topics:businesslottery#jackpot#lottery#powerball#taxes#winnings
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  1. Powerball Jackpot Hits $1.3 Billion After Labor Day Drawing—Here’s What The Winner Could Take Home  Forbes
  2. Powerball winning numbers for $1.10 billion jackpot on Monday, Sept. 1  USA Today
  3. Powerball jackpot rises to an estimated $1.3 billion after no winning ticket sold  SFGATE
  4. Did anyone win Monday's $1.1B Powerball?  cbs8.com
  5. Powerball jackpot grows to $1.3 billion after no winner in Labor Day drawing. See the winning numbers.  ABC7 Los Angeles

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