It's official: Powerball jackpot swells to record US$1.4 billion

OMAHA, Neb. -- Lottery officials say the Powerball jackpot has grown to US$1.4 billion, the largest ever in the world, and the drawing is still two days away.

See Full Article

The prize could grow even more before Wednesday's drawing if ticket sales remain intense. Officials review the estimate daily.

The jackpot is so big that billboards around the country have to advertise the price as $999 million because they're not built to show billions.

No one matched all six Powerball numbers Saturday night.

"We've never been at these levels," said Texas Lottery executive director Gary Grief, whose state lottery is part of the Multi-State Lottery Association that runs Powerball.

The odds to win are one in 292.2 million. Forty-four U.S. states participate.

The jackpot has ballooned since its Nov. 4 starting point of $40 million and spurred huge ticket sales.

Between Jan. 6 and Saturday's drawings, more than $900 million in Powerball tickets were sold.

"It's exponentially greater than any sales that any of the states involved have ever seen," Grief said.

A winner would have the option of being paid through annual payments over 29 years or opting for one smaller cash payment. But 39.6 per cent of the lump sum would go to federal income taxes.

Associated Press writers Terry Tang in Phoenix and Olga R. Rodriguez in San Francisco contributed to this report.



Advertisements

Latest Canada & World News

  • Toronto cop who Tasered and stomped on suspect appears before disciplinary hearing

    Canada News CTV News
    TORONTO -- A Toronto police sergeant who stomped on and repeatedly Tasered a man during arrest has made his first appearance at a disciplinary hearing. Sgt. Eduardo Miranda was charged with unlawful or unnecessary use of authority and discreditable conduct under the Police Services Act after a civilian police oversight agency investigation. Source
  • Bangladesh plans separate shelters for Rohingya children

    World News CTV News
    DHAKA, Bangladesh -- Bangladesh is planning to build separate shelters for 6,000 Rohingya Muslim children who entered the country without parents to escape violence in neighbouring Myanmar, a government official said Tuesday. Children make up about 60 per cent of the estimated 480,000 Rohingya Muslims who have poured into Bangladesh over the last four weeks to flee persecution in Buddhist-majority Myanmar. Source
  • Former B.C. finance minister Mike de Jong enters Liberal leadership race

    Canada News CTV News
    VICTORIA -- British Columbia's former finance minister Mike de Jong has announced his bid for the provincial Liberal leadership, joining a race that already includes two other past cabinet ministers and the former mayors of B.C. Source
  • Trump to visit Puerto Rico next Tuesday

    World News CTV News
    WASHINGTON -- U.S. President Donald Trump says he'll visit hurricane-ravaged Puerto Rico next Tuesday. Trump announced the visit after the administration came under criticism for its response to the damage on the island that is home to more than 3 million U.S. Source
  • NCAA coaches among 10 charged with fraud, corruption

    World News CBC News
    Four college basketball coaches were among those facing federal charges Tuesday in a wide probe of fraud and corruption in the NCAA, authorities said. The coaches were identified in court papers as Chuck Person of Auburn University, Emanuel Richardson of the University of Arizona, Tony Bland of the University of Southern California and Lamont Evans of Oklahoma State. Source
  • Canadian sailors find 'near total devastation' in Dominica after Maria

    Canada News CTV News
    ROSEAU, Dominica - A Canadian warship captain says a small Caribbean island has suffered "near total devastation," and locals are growing increasingly desperate a week after hurricane Maria. Commander Gord Noseworthy says the Halifax-based frigate HMCS St. Source
  • Ontario minor hockey makes transgender training mandatory for coaches

    Canada News CTV News
    Education on transgender athletes is mandatory for all of Ontario's minor hockey coaches, trainers and managers this season, the latest step in a series of changes stemming from a human rights complaint filed by a transgender teen in 2013. Source
  • U.S. interior chief says third of employees not loyal to Trump

    World News CTV News
    WASHINGTON -- Interior Secretary Ryan Zinke says nearly one-third of employees at his department are not loyal to him and President Donald Trump, and he is working to change the department's regulatory culture to be more business friendly. Source
  • Russia conducts military drills with ICBMs in Siberia

    World News CTV News
    MOSCOW - The Russian military has launched military drills involving intercontinental ballistic missiles in Siberia. The Defence Ministry said Tuesday the manoeuvrs involve the Yars missile launchers along with support vehicles. It said 4,000 troops will be involved. Source
  • U.K. getting 'more realistic' about Brexit but much work to do, EU says

    World News CBC News
    Brexit talks haven't yet made sufficient progress to begin negotiating a new relationship between Britain and the European Union, European Council president Donald Tusk said Tuesday, but he's now "cautiously optimistic" about the way ahead. After meeting with British Prime Minister Theresa May, Tusk said he believed Britain had finally abandoned an unrealistic "having a cake and eating it" approach to Brexit. Source