Feeling Lucky? Powerball Lottery Jackpot Reaches $1.4 Billion

It will be won by a single ticket holder but the odds of winning are more unlikely than being killed by an asteroid. 

Updated
World
1 min read
Powerball lottery tickets. (Photo: Reuters)

Americans are rushing to buy tickets for a record $1.4 billion Powerball jackpot, suspending disbelief despite miniscule odds that made winning more unlikely than being killed by an asteroid.

The grand prize in Wednesday’s drawing is the world’s richest lottery jackpot that could go to a single ticket holder, and the amount will rise further before then, lottery officials said.

A $2 ticket has a one in 292.2 million chance of winning the grand prize. That compares with a one in 700,000 chance of being killed by an asteroid in a lifetime, according to astronomers at the Space Science Institute.

The Powerball pot, which has been growing since the last winner was drawn in November, is worth $868 million if a winner chooses an immediate cash payout instead of annual payments over 29 years, according to Multi-State Lottery Association and Texas Lottery Commission officials.

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