US Powerball jackpot climbs to US$455 million for Saturday drawing

The odds of winning the draw on March 17, 2018 are currently one in 292 million.
The odds of winning the draw on March 17, 2018 are currently one in 292 million.PHOTO: REUTERS

FLORIDA (REUTERS) - An estimated US$455 million (S$600 million) Powerball jackpot is up for grabs on Saturday (March 17) evening, one of the biggest in the multi-state US lottery's history, after 19 straight drawings failed to produce a grand prize winner.

The odds of winning Saturday's drawing, to be held at 10.59pm ET (10.59am Sunday Singapore time), are currently one in 292 million.

A grand prize winner would have the choice of taking the US$455 million jackpot doled out over 29 years, or taking a one-time, lump-sum payment of US$269.4 million.

If no ticket matches the six numbers drawn in the lottery, the jackpot will roll over to the next drawing, on March 21.

The last Powerball drawing to produce a jackpot winner was on Jan 6, when a single ticket sold in New Hampshire won US$559.7 million.

The winner, who went under the name "Good Karma Family 2018", chose the lump-sum cash option of US$352 million.

Powerball's jackpot hit a record US$1.6 billion in January 2016, when three winning tickets were sold in Florida, California and Tennessee.