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Powerball pot now $430 million after Saturday’s drawing failed to yield a winner

United Press International by United Press International
August 13, 2017
in Business & Lifestyle, Business News, Entertainment News, Financial News, Gaming, National
Reading Time: 1 min read
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(UPI) — On Saturday night, another Powerball drawing came and went without a winning ticket. As a result, the lottery jackpot now stands at an estimated $430 million.

The Powerball pot is now $430 million. The next drawing will take place on Wednesday, August 16. (Photo by John Angelillo/UPI)

There hasn’t been a Powerball winner since June 10. The next Powerball drawing will happen on Wednesday.

The weekend didn’t go by without a lottery winner. On Friday, a ticket buyer in Illinois won the Mega Millions jackpot, an estimated $393 million — the fifth largest jackpot in 15 years.

Prior to Friday’s drawing, the two major multi-state lotteries had both gone several weeks without a winner. Lotto ticket sales almost always grow as jackpots increase.

“You see more people in line buying both tickets when both games are over $300 million,” Jeff Lenard, spokesperson for the National Association of Convenience Stores, told CNN.

Roughly two-thirds of all lottery tickets are sold at convenient stores, but Friday’s winning Mega Millions ticket was purchased at Nick’s Barbecue, a restaurant in Palos Heights, Illinois, roughly 20 miles outside Chicago.

Despite millions of people buying tickets, both Powerball and Mega Millions can go without a winner for lengthy periods of time because the odds of winning are staggeringly low.

Friday’s Mega Millions winner defied odds of 1 in 258.9 million. The odds of winning the Powerball jackpot are 1 in 292.2 million.

Written by UPI writer Brooks Hays

United Press International
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United Press International is an international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines and radio and television stations for most of the 20th century.

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