Powerball jackpot climbs to $1.1 billion after there were no big winners in Saturday’s drawing

CNN The Powerball jackpot continues to grow reaching an estimated billion after there were no big winners in Saturday night s drawing The winning numbers Saturday were with a Powerball of While there were no big winners two tickets sold in North Carolina and Pennsylvania won million each Powerball announced The next drawing is Monday night This is the second jackpot to hit at least billion this year Two winners in Texas and Missouri split Powerball s billion prize in September That was the second largest jackpot in US lottery history the largest a billion Powerball prize was won in Billion-dollar jackpots have been in the US only for the past decade or so with the first in from Powerball valued at billion Whether winners truly take an advertised jackpot value depends on how they choose to be paid The billion offered in Saturday s drawing would have come only if a winner opted for escalating installments which lotteries offer through an annuity accounting for interest over years Otherwise a winner could choose a lump sum representing what s in the actual jackpot pool on the day of the drawing which in Monday s drawing is an estimated million Both figures are before taxes Powerball and Mega Millions jackpot winners usually take the lump sum