Powerball Jackpot Reaches Record $1.4 Billion After No Winner in Latest Drawing

The Powerball jackpot has reached $1.4 billion, the third largest in the game's history, after no tickets matched all numbers in the latest drawing on October 5.
The odds of winning the Powerball jackpot are 1 in 292 million, but smaller prizes can still be won with other number combinations.
The next Powerball drawing will be held on October 8 with a $1.4 billion jackpot up for grabs if there is no winner again.
Winning ticket holders can choose between receiving the full jackpot in annual installments over 30 years or taking a reduced lump sum payment.
Powerball lottery tickets cost $2 each and are sold in most U.S. states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.