Increased Powerball jackpot soars to a staggering $501 million

A single ticket sold in Illinois has won a prize of $1 million in the latest Powerball drawing, but the jackpot continues to grow as no ticket with all six numbers was sold. The estimated jackpot for the Powerball drawing on August 11 is $501 million.

The odds of matching all five numbers and the Powerball number are 1 in 292.2 million, according to the Multi-State Lottery Association, which conducts the Powerball game. The game is played in 45 states, the District of Columbia, Puerto Rico, and US Virgin Islands.

One ticket was sold with five numbers, but not the Powerball number. The numbers drawn in the latest Powerball drawing were 7, 14, 23, 24, 60 and the Powerball number was 14.

The overall chance of winning a prize in the Powerball game is 1 in 24.9. Smaller prizes range from $4 to $10 million, with better odds but lower payouts.

For recent drawings, jackpots have been over $600 million, with cash values around $273 million for a one-time payout. The jackpot amount depends on ticket sales and previous jackpots rolled over.

The Powerball jackpot will continue to grow until it is won, so be sure to purchase your tickets for the next drawing on August 11 and have a chance to win the life-changing sum of $501 million. Good luck!

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