Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed
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Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed
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The delay for the highly anticipated drawing came as the Powerball lottery jackpot swelled to $1.9 billion Monday,

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed
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According to the California Lottery, making it the largest lotto prize ever offered -- just as its organizers intended when they changed the odds in 2015.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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There were no winning tickets sold for Saturday's drawing of an estimated $1.6 billion, already the highest lotto prize offered. The last Powerball jackpot was won on August 3 in Pennsylvania.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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That jackpot value is the amount a winner would get if they took 30 graduated annual installments, though a winner can also choose the cash option to get a single lump sum of lesser value.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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 For the $1.9 billion jackpot, the winner can choose between getting 30 equal payments of about $63 million per year or receiving a lump sum cash value of about $929 million.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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The largest Powerball jackpot ever won was in January 2016, when three winners split a prize advertised at $1.586 billion. Each took their share of the cash value, which added up to $983.5 million.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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Yes, that means the cash value of the current "record" $1.9 billion jackpot is less than the cash value of the $1.586 billion jackpot six years ago.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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You can thank the Federal Reserve's recent interest rate hikes for that discrepancy. Powerball draws take place every Monday, Wednesday and Saturday at 10:59 p.m. ET.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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Powerball is played by charging $2 per ticket and having players choose five white balls between the numbers 1 to 69 and a red Powerball from the numbers 1 to 26.

Winning numbers for the record $1.9 billion Powerball  jackpot have yet to be announced after drawing was delayed

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If a player gets all six numbers correct, they win the massive jackpot. The odds of winning the jackpot by matching all 5 numbers and the Powerball number are one in 292.2 million.