Record-Breaking Powerball Jackpot Announced

CBS News is a major American broadcast news division headquartered in New York City and part of CBS Corporation, renowned as one of the "big three" U.S. networks alongside ABC News and NBC News[1][5]. It provides multi-platform news coverage across television (CBS Television Network), radio (CBS Radio News), digital streaming (CBS News Streaming Network), websites (CBSNews.com), and mobile devices, delivering original reporting, interviews, investigations, analysis, and breaking news 24/7[5][6]. Founded in 1927 initially as a radio network by Arthur Judson and later purchased in 1929 by William S. Paley, CBS transformed under Paley's leadership into a dominant media force by attracting large audiences and advertisers[2][3]. It pioneered network radio news broadcasts beginning in 1929, with a notable early commitment to interrupt programming for breaking news, exemplified by live coverage of the 1932 Lindbergh kidnapping[1]. Edward R. Murrow, hired in 1935, established CBS's legendary reputation in wartime journalism, sending correspondents across Europe during World War II[1]. CBS transitioned into television early, launching experimental broadcasts in 1931 and airing the first color broadcast in America in 1940[3]. It became a dominant television network from the mid-1950s to the mid-1970s, expanding its news programming with flagship shows like *60 MINUTES* (top-rated for 49 years), *CBS Evening News*, *Face the Nation* (the longest-running Sunday public affairs program), and *CBS News Sunday Morning*, all critically acclaimed and award-winning programs[5][6][9]. Today, CBS News excels in both traditional and digital journalism, operating 28 owned TV stations in 17 major U.S. markets and streaming globally in over 90 countries[6]. Its digital streaming platforms amassed over 1.24 billion streams in 2023, underscoring its leadership i

Powerball is a widely recognized American lottery game operated by the **Multi-State Lottery Association (MUSL)**, a non-profit government-benefit organization formed in December 1987 by seven U.S. lotteries to facilitate multi-jurisdictional lottery games[1]. Powerball itself was launched in April 1992, evolving from an earlier MUSL game called Lotto America. The game introduced a unique two-drum drawing system, an innovation suggested by Steve Caputo of the Oregon Lottery, which set it apart in the lottery market[1]. Powerball has become a flagship lottery game in the U.S., currently offered in 47 jurisdictions, including 44 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands[3]. In 2009, MUSL reached an agreement with the Mega Millions consortium allowing cross-selling of tickets, effectively expanding Powerball’s and Mega Millions’ reach to 46 jurisdictions each by 2016[1]. This collaboration is notable for enhancing player access and increasing overall lottery sales. Since its inception, Powerball has generated approximately $55.8 billion in ticket sales, distributing about half of that revenue in prizes—$16.5 billion in jackpots and $11.8 billion in smaller prizes[3]. The game’s jackpots have reached record highs, including a $1.4 billion estimated jackpot drawing that captured national attention due to its staggering odds of roughly 1 in 292 million[3]. Ticket sales contribute significantly to state-funded programs and good causes, underpinning Powerball’s role as a major revenue source for public benefit. Powerball offers winners the option of a lump-sum payment or 30 annual installments, subject to federal and state taxes, with detailed prize claim procedures managed by MUSL and individual lotteries[4]. The organization also actively combats scams, emphasizing that lotteries do not contact winners by phone or email and never require fees t