Powerball lottery postpones the record draw of 1,900 million

DES MOINES, Iowa (HPD) — The record-breaking $1.9 billion Powerball drawing was postponed Monday night because one of the participating lotteries was having trouble processing sales, according to raffle organizers.

“Powerball has strict security requirements that all 48 lotteries must meet before a draw can occur. When the required security protocols are completed, the draw will take place under the supervision of lottery security authorities and independent auditors,” the lottery said in a statement.

The Multi-State Lottery Association said the delay was because a participating lottery needed more time to process its sales, according to an email sent in response to questions from The Associated Press. “We still plan to hold the Powerball drawing tonight,” said the statement, which did not give an estimated time.

The grand prize is nearly $400 million larger than the previous record, and will continue to grow until someone wins. Only four previous jackpots have reached $1 billion, but none come close to the current jackpot, which started at $20 million on August 6 and has been rising for three months with no winners. No one has won the grand prize since August 3.

A winner who chooses to receive his prize in an annual installment over 29 years would receive the approximately $1.9 billion. Most winners prefer a single cash payment, which in Monday’s drawing would be $929.1 million.

Although more people were attracted by the discount of two dollars per ticket, the slim odds of winning, one in $292.2 million, means that there is still a good chance that another draw will pass without a winner. That would take the jackpot for Wednesday to over $2 billion.

The lottery is played in 45 states, Washington DC, Puerto Rico and the Virgin Islands.

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