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Powerball jackpot up to record $1.9 billion after no winner

Winners of lottery jackpots usually prefer a lump sum of cash, which for Monday’s drawing would be $929.1 million.
Powerball jackpot worth $750 million is up for grabs tonight
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A record Powerball jackpot grew to an even larger $1.9 billion after no one won the lottery drawing on Saturday night.

The numbers for the drawing were: white balls 28, 45, 53, 56, 69 and red Powerball 20.

The website of the California Lottery Association said the next chance for someone to get lucky.

The next winning numbers are expected to be announced Monday, although Powerball officials say the wait will have to be longer as unexpected technical issues occurred Monday night.

The Multi-State Lottery Association released a statement after Monday's technical issues:

"Tonight's Powerball® drawing has been delayed due to a participating lottery needing extra time to complete the required security protocols. Powerball has strict security requirements that must be met by all 48 lotteries before a drawing can occur. When the required security protocols are complete, the drawing will be performed under the supervision of lottery security officials and independent auditors.

The winning numbers and recorded video of the drawing will be posted to the Powerball website and YouTube [youtube.com] channel.

We apologize for the delay."

The new $1.9 billion jackpot is for a winner who is paid through an annuity over 29 years. Winners of lottery jackpots usually prefer a lump sum of cash, which for Monday’s drawing would be $929.1 million, the California lottery site said.

The Powerball prize keeps getting more massive because of the inability of anyone to overcome the long odds of 1 in 292.2 million and win the jackpot. To take the top prize, players must match all five white balls and one red Powerball.

Since someone won the prize on Aug. 3, there have been 40 drawings without a winner.

According to the Arizona Lottery, the last record was held in January of 2016 at $1.568 billion.

Executive Director Gregg Edgar says it's possible this $1.9 billion jackpot will go up to $2 billion depending on sales.

"I wouldn't be surprised, too. They're going to make some decisions tomorrow morning to see how sales are doing," he said. "If you happen to be that lucky winner... Monday night, flip that ticket over, put your name on the back of it. Put it in a safe place, safety deposit box or something like that. Talk to an accountant, talk to a lawyer. Get yourself prepared for what winning this kind of money is like."

Donna Adams tells ABC15 she sold a $4.2M ticket while working at a Circle K, years ago.

Now she’s hoping to win it all, to help her family.

“I would do all I can to help them and people that need it.”

ABC15 also caught up with a financial advisor who says winners can either opt for the lump sum or annual payout.

"Normally, if people are in a condition to really have a good financial plan, the lump sum always makes more sense, right. If you do the calculations, it's an easy number to hit in terms of rates of return... especially now in this suppressed market. We're down 20+ percent in the stock market. It's definitely a good investment time," says Stewart Willis, president, Asset Preservation Wealth & Tax.

He says the question is whether you can handle all that money at once. Otherwise, we're told inflation is having a positive impact on annuity.

"What we're seeing, is the annuity payments are substantially higher now than they would've been in years past with these higher interest rate environments that we are in," says Willis.