DES MOINES, Iowa – A Powerball drawing will be held Saturday for what would be second highest lottery jackpot on record : an estimated $1.8 billion.

The prize ballooned after the lottery held more than 40 consecutive drawings without anyone matching all of the game's six numbers. Whenever a drawing fails to get a winner, the lottery rolls over the winnings.

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The game's terrible odds of 1 in 292.2 million are designed to generate big jackpots and ever-larger prizes. There are three drawings each week .

The largest jackpot on record, $2.04 billion, was drawn in 2022 and went to a California ticket buyer.

No one has won the grand prize since May 31.

The $1.8 billion jackpot is for a winner who opts to receive 30 payments over 29 years through an annuity. Win

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