At $1.5 billion, Powerball is the largest lottery jackpot ever with the next drawing scheduled for Wednesday at 10:59 p.m.
The chances of winning the Powerball jackpot are very rare—just one in 292.2 million. Even after deducting taxes, a single winner would have the option of a lump-sum cash payout of an estimated $930 million.Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. No players have correctly selected the six numbers required to win the jackpot.
Retailers say demand for tickets has been off the charts and it raised the possibility that the payoff could climb even higher.