It’s official; the biggest Powerball jackpot has just been exceeded. The official estimate for this Wednesday’s Powerball draw is set at a whopping $1.3 billion; that is almost double the previous record and brisk sales can drive the pot even higher.
The odds of winning the jackpot prize is only 1 in 292 million, but somebody will win that jackpot so there are long lines outside ticket sales outlets. The current jackpot estimate is so huge that some Powerball billboard signs cannot display it – they are configured to display only in hundreds of millions! The size resulted from numerous rollovers from a $40 million minimum in Nov. 4, 2015!