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Lottery enthusiasts are eagerly anticipating Wednesday’s Powerball drawing as the jackpot reaches an astonishing $1 billion, a remarkable event that has only occurred twice before in the game’s history since its inception in 1992, according to lottery officials.
The current jackpot soared to the $1 billion mark after Monday’s drawing failed to produce a jackpot winner. The last time someone claimed the Powerball jackpot was on April 19, and since then, the prize has continued to grow with each unsuccessful attempt.
In 2015, the game underwent rule changes to make it more challenging to win the jackpot but increase the likelihood of winning smaller prizes. As a result, the odds of winning the Powerball jackpot increased from 1 in 175 million to 1 in 292 million, a staggering figure that remains in effect today. (Similar changes were also implemented by Mega Millions in 2017 to boost jackpots and odds.)
The two largest jackpots ever won in Powerball’s history were an incredible $2.04 billion claimed in November and a staggering $1.586 billion won in June 2016, showcasing the immense potential for life-changing winnings.
Powerball enthusiasts will have their chance to take a shot at the $1 billion jackpot in Wednesday’s drawing, which is scheduled for 10:59 p.m. ET. As excitement builds and dreams of unimaginable wealth dance in the minds of participants, everyone will be eagerly awaiting the lucky numbers that could turn their lives upside down.