![]() ![]() The prize was shared between three winners in California, Florida and Tennessee in January 2016. That’s the value of Powerball’s largest jackpot before Saturday’s prize grew to $1.6 billion. By comparison, the odds of being struck by lightning in a given year are less than 1 in 1 million, according to the CDC, and the odds of being attacked and killed by a shark are around 1 in 4.3 million, according to Florida Museum’s International Shark Attack File. The odds of winning the lottery are slim, around 1 in 292.2 million, according to Powerball. The jackpot marks the largest in the lottery’s history and the largest lottery prize in U.S. The Powerball had been drawn 41 times without a jackpot winner, the last of which was in August, the lottery said, a record for the longest run. ![]() Huge jackpots are a feature, not a bug, of lottery design and the rules are structured to make it easier to win but harder to win big. ![]() The grand prizes up for grabs in lottery jackpots have soared in recent years. A winner opting for the annuity payment is set to receive around $68 million a year, though this would be reduced to around $43 million by federal taxes and could be cut further by state and city taxes depending on where the winner lives. ![]()
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