Powerball jackpot hits US$1.5 billion

DES MOINES, Iowa -- The world's largest lottery jackpot has grown to $1.5 billion because of continuing strong Powerball ticket sales.

See Full Article

Lottery officials increased their estimate of the huge jackpot for the second day in a row Tuesday because of immense interest in the prize.

The record-breaking Powerball jackpot could grow yet more before Wednesday's drawing if ticket sales continue to exceed expectations. Officials reassess the jackpot estimate daily.

No one matched all six Powerball numbers Saturday night, leading to the enormous prize.

The odds of matching all six numbers to win the jackpot are one in 292.2 million.

The $1.5 billion prize would be paid in annual payments over 29 years. Or the winner could opt for a lump-sum payment of $930 million.

Whoever wins will have to pay 39.6 per cent of the prize in federal income taxes, and any state taxes. Lottery officials expect at least 80 per cent of the 292.2 million number combinations will be purchased before Wednesday's drawing. That increases the chances -- but doesn't guarantee -- that someone will win the jackpot.



Advertisements

Latest Canada & World News

  • At least 23 dead in series of attacks in Aghanistan

    World News CBC News
    A suicide bomber killed at least two and wounded seven in an attack claimed by the Islamic State group in the diplomatic area of Afghanistan's capital on Saturday, and at least 18 soldiers died in an attack on a checkpoint by Taliban insurgents in the country's west, authorities said. Source
  • Award-winning actress, entertainer Nanette Fabray dead at 97

    World News CBC News
    Nanette Fabray, the vivacious actress, singer and dancer who became a star in Broadway musicals, on television as Sid Caesar's comic foil and in such hit movies as The Band Wagon, has died at age 97. Source
  • Trump, Australian PM praise each other on immigration and taxes

    World News CTV News
    WASHINGTON -- U.S. President Donald Trump and Australian Prime Minister Malcolm Turnbull put their "mateship" on full display Friday at the White House as they took turns praising each other's approaches on immigration and taxes. Source
  • Court throws out Crystal Castles defamation suit

    Canada News CBC News
    A California court has thrown out a defamation suit against Alice Glass, former singer for the Toronto band Crystal Castles, a statement from her lawyer said. Glass has publicly accused her bandmate of sexual abuse. Source
  • Court throws out defamation suit involving former Crystal Castles bandmates

    Canada News CBC News
    A California court has thrown out a defamation suit against Alice Glass, former singer for the Toronto band Crystal Castles, a statement from her lawyer said. Glass has publicly accused her bandmate of sexual abuse. Source
  • Ivanka Trump to push for 'maximum pressure' on North Korea

    World News CTV News
    PYEONGCHANG, Korea, Republic Of -- U.S. President Donald Trump's daughter toured the 2018 Winter Olympics on Saturday, the morning after telling South Korea's president that she will use her visit to the Pyeongchang Games to advocate maximum pressure on North Korea to halt its nuclear program. Source
  • Four dead after missing plane from Alberta found in U.S.

    Canada News CTV News
    Four people are dead after a missing plane from Alberta vanished in the U.S. and was later found with no survivors. The four passengers included a father, son and two family friends, according to John Kaupp, whose family members were on the flight. Source
  • Provincial power plays: B.C. and Alberta test the boundaries in pipeline debate

    Canada News CBC News
    At the heart of the cooling dispute between Alberta and B.C. were two provinces flexing their muscles, testing the limits of their powers. Premiers Rachel Notley and John Horgan have both said they're working in the interests of the citizens they represent. Source
  • 'He's going to explode': Caller warned FBI in January about Florida shooting suspect

    World News CBC News
    A woman close to the man charged with killing 17 people at a Florida high school warned the FBI in chilling detail that he had a growing collection of guns and a temper so uncontrollable she worried about him "getting into a school and just shooting the place up. Source
  • Caller told FBI Florida shooting suspect 'going to explode'

    World News CTV News
    WASHINGTON -- A woman close to the man charged with killing 17 people at a Florida high school warned the FBI in chilling detail that he had a growing collection of guns and a temper so uncontrollable she worried about him "getting into a school and just shooting the place up. Source