$700 million jackpot up for grabs in Wednesday night’s Powerball draw

A whopping $700 million is up for grabs in the next Powerball draw on Wednesday night, lottery officials said.

The estimated jackpot rose to $680 million after no ticket matched the six numbers drawn on Monday night, the 35th consecutive draw. Wednesday’s jackpot is Powerball’s biggest prize so far this year, the fifth in the US lottery game’s 30-year history and the eighth-biggest US lottery jackpot of all time, according to a press release. of Powerball.

If a player wins Wednesday’s grand prize, it will be the sixth Powerball jackpot won this year. Jackpot winners can either receive the money as an immediate lump sum or in 30 annual installments over 29 years. The cash value of Wednesday’s $700 million jackpot is $335.7 million, Powerball said.

Tickets cost $2 and are sold in 45 US states as well as Washington, DC, Puerto Rico and the US Virgin Islands. More than half of all profits stay in the jurisdiction where the ticket was purchased, according to Powerball.

The jackpot increases based on game sales and interest rates. But the odds of winning the jackpot remain the same – 1 in 292.2 million, Powerball said.

Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery drawing studio in Tallahassee. The drawings are also streamed live online at Powerball.com.

ABC News

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