The Powerball jackpot is now worth an estimated $500 million for the Jan. 1, 2022, drawing, with a $355.9 million cash value before taxes.
What are the odds you win the lottery? You're more likely to be struck by lightning.What better way to begin the new year than by winning the Powerball jackpot? The top lottery prize soared to an estimated $500 million for the Jan. 1 drawing after no ticket matched all six numbers in the final drawing of 2021.
Powerball drawings are held on Monday, Wednesday and Saturday in 45 states, Washington D.C., the U.S. Virgin Islands and Puerto Rico. The overall odds of winning the Powerball jackpot are just 1 in 292.2 million. To put that into perspective, those odds are a little worse than flipping a coin and getting heads 28 straight times, University of Nebraska-Omaha mathematics professor Andrew SwiftFor those feeling lucky and wanting to spend $2 for a ticket, the overall odds of winning any prize is a little better at 1 in 24.9.
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