WASHINGTON — As the Powerball jackpot soars to an estimated $1.6 billion, some hopeful participants might ponder the possibility of ensuring a win by acquiring enough tickets.

In theory, this is achievable. However, the execution is far more complex than it seems.

With each ticket priced at $2, the cost of buying every possible combination would exceed $584 million.

Nevertheless, securing a win doesn’t automatically translate to a financial gain. Winners face a choice between a lump-sum payout or an annuity spread over 30 years, both of which are subject to federal taxes. Additionally, state taxes might apply, depending on where the ticket is purchased.

Even then, a guaranteed win wouldn’t necessarily mean a profit. Winners must choose between a lump-sum payout or an annuity paid over 30 years, and both options are subject to federal taxes. Depending on where the ticket is purchased, state taxes may also apply. 

Plus, if another player selected the same winning numbers, the jackpot would have to be split. 

There are also practical obstacles. Powerball tickets must be purchased before the drawing deadline, and lottery systems would not be able to process hundreds of millions of tickets in time.

That said, players are far more likely to win a smaller Powerball prize than the jackpot. The odds of winning any Powerball prize are about 1 in 24.9, according to lottery officials, meaning a player would need to buy about 25 tickets, on average, to expect to win any prize. Most winning tickets fall into lower prize tiers, including matching only the Powerball, which pays $4.

Lottery officials say every number combination has the same odds of being drawn, regardless of past results or frequency.