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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Personal FinanceLottery

Powerball jackpot crosses $1 billion mark after nobody, once again, beats the astronomical odds

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The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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October 1, 2023, 10:16 AM ET
Powerball’s big jackpots are by design.
Powerball’s big jackpots are by design.GIORGIO VIERA/AFP via Getty Images

The Powerball jackpot climbed to an estimated $1.04 billion after no players hit it big Saturday night, continuing a stretch of lottery futility lasting for more than two months.

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The numbers drawn were: 19, 30, 37, 44, 46 and red Powerball 22.

The jackpot for the next drawing Monday night remains the world’s ninth-largest lottery prize of all time.

The $1.04 billion jackpot is for a sole winner who opts for payment through an annuity, doled out over 30 years. Winners almost always take the cash option, which for Monday’s drawing would be an estimated $478.2 million.

Those winnings would be subject to federal taxes, while many states also tax lottery prizes.

The jackpot has grown so large because there have been 30 consecutive drawings without a big winner, dating back to July 19. Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins.

The largest jackpot was a $2.04 billion Powerball prize hit by a player in California in November 2022.

In most states, a Powerball ticket costs $2 and players can select their own numbers or leave that task to a computer.

Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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