Powerball jackpot soars to $1 billion after no winning ticket sold for $922 million prize; Know when is the next drawing and how to play

economictimes.indiatimes.com:

Powerball drawing did not produce any jackpot winners, leading to a further increase in the prize amount. The jackpot has now reached an estimated $1 billion, with a cash option of $516.8 million. The next drawing is scheduled for Wednesday. The estimated jackpot for Monday's Powerball drawing was $922 million, making it the third-largest Powerball jackpot and the seventh-largest in the history of U.S. lotteries. Now, after no winners bagged the Powerball jackpot prize on Monday, the jackpot for Wednesday night's Powerball drawing is set to become the third-largest in Powerball history and the seventh-highest in the history of U.S. lotteries. This remarkable jackpot prize of $1 billion follows the world record $2.04 billion Powerball jackpot won last year and the $1.586 billion Powerball jackpot won in 2016. The Powerball jackpot has remained unclaimed since April, spanning across 38 drawings. Although the odds of winning are as low as 1 in 292,201,338, Monday night's drawing did produce over 2.8 million winning tickets. These ticket holders collectively received smaller cash prizes totaling $41.7 million, as reported by Powerball officials. Had someone won the jackpot on Monday night, they would have had the choice between receiving the $922 million prize in annual installments or opting for a significantly lower lump sum cash payment, both figures being pre-tax amounts, according to Powerball regulations.

Powerball numbers are drawn three times a week, on Monday, Wednesday, and Saturday at 10:59 p.m. ET. Each Powerball ticket costs $2 and can be purchased in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The next drawing,