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Friday, December 9, 2022

Powerball announces delay to record-breaking $1.9B draw

According to a statement from the Multi-State Lottery Association, the Powerball drawing was postponed on Monday and it’s possible that the official results won’t be announced until later Tuesday. Due to a participating lottery’s difficulties processing transactions, the record-breaking $1.9 billion Powerball drawing was postponed, according to authorities.

Before the winning numbers are chosen, Powerball demands that all 48 participating lotteries submit their sales and play statistics. The drawing can start once Powerball gets the unfinished entry, the lottery stated in a statement to The Associated Press.

It’s against our policy to name the lottery that is experiencing the delay, the organization informed the AP, nearly three hours after the planned 10:59 p.m. EST drawing.

The Powerball website and YouTube channel will post the drawing’s winning numbers and recorded footage. The message advised players to keep their tickets safe.

The jackpot will keep rising until someone wins the award and is currently roughly $400 million more than the previous record amount. Only four jackpots have previously exceeded $1 billion, and none of those come close to the current reward, which began at $20 million on August 6 and has steadily increased in size over the course of three fruitless months. Since August 3, nobody has won the jackpot.

The anticipated $1.9 billion payoff would be given to the winner of an annuity, which would be paid yearly over a 29-year period. Most winners choose cash instead, which would be $929.1 million for the drawing on Monday.

The game’s very long odds of 1 in 292.2 million indicate that there is still a considerable potential that another drawing will take place without anybody winning the big prize, even as more individuals drawn by the enormous reward spend $2 on a Powerball ticket. In that case, the prize for the drawing on Wednesday would exceed $2 billion.

When 40 draws go by without a jackpot winner, those who spent $2 on a Powerball ticket might worry if anything is wrong, but this is how the game is intended to work. With chances of 1 in 292 million, no one is expected to take home the cash unless the jackpot increases in size and draws in more participants. The purpose of state lotteries is to raise money for public programs, therefore greater ticket sales mean the lottery can do so. Even yet, the wait for a jackpot has been excruciatingly lengthy, and if Tuesday comes and goes without a winner due to the delay, a record-breaking 41 drawings would have passed without a match of all six numbers being made.

Cedric Blackwater
Cedric Blackwater
Cedric is a journalist with over a decade of experience reporting on local US news, and touching on many global topics. He is currently the lead writer for Bulletin News.

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