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CBS News·2 min read·easy

Powerball grows to $856 million, largest drawing of the year

M
Mark Osborne
Powerball grows to $856 million, largest drawing of the year
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The Powerball jackpot has reached $856 million, marking the largest drawing of the year. For the first time, the lottery includes participation from the United Kingdom, potentially accelerating jackpot growth.

Why it matters

Large lottery jackpots capture significant public attention and represent a major cultural and economic event in the U.S. and abroad.

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If you only pay attention when the Powerball jackpot enters record territory, now is the time to play. The drawing on Saturday night has grown to the largest total of the year: $856 million.For those who choose to take the lump sum, the total works out to $370.7 million. Of course, both of those numbers are before taxes.This is also the eighth-largest Powerball jackpot of all-time. It will have to crack the milestone $1 billion mark to enter the top seven. When including Mega Millions jackpots, Saturday's drawing is the 16th-largest in U.S.

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