Powerball climbs to second largest jackpot in history

by Garry Watts August 24, 2017, 0:08
Powerball climbs to second largest jackpot in history

The Powerball jackpot for Wednesday night's drawing is up to $700 million ($443.3 million after taxes), making it the second-largest in USA history.

In fact, with an average winning jackpot prize of $423 million, the Powerball is the world's richest lottery. The drawing happens at 10:59 p.m.

The last time there was a Powerball jackpot victor was June 10 with a single ticket worth $447.8 million that was sold in California.

The (very) lucky victor of the jackpot wouldn't actually get $700 million right away - the full prize would be paid over 29 years.

When the jackpot really climbs, the Iowa Lottery does hear from folks who say that the big prize should automatically be split up amongst more people.

Louisiana Lottery Spokeswoman Kim Chopin says they've had sales in the Bayou State over 20-million dollars just for this run. There was no Powerball jackpot victor for this drawing.

When it comes to modest numbers, the recent rule changes technically make it easier to win a prize because of a reduced number of red balls, known as the Powerball.

The Powerball jackpot is now up to $700 million.

Chances of winning the jackpot are 1 in 292.2 million.

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"I'm on it", Stanton said with a smile after buying the ticket.

"I've always played the lottery for happy thoughts", he said.

Jackie Conway of Hampstead plays one Powerball number twice a week.

But all the players in Columbia face long odds. To win $50,000, players must match four of the winning numbers plus the Power Ball.

Powerball is in 44 US States plus Washington, DC, Puerto Rico, and the US Virgin Islands so people all over the country will be playing tonight.

A jackpot victor in Wednesday's drawing who opts to accept the prize as an annuity would receive at least $6.3 million per year for 29 years - after taxes. Tickets cost $2 and in SC must be purchased by 9:59 p.m.

Players have much better odds of one in 25 of winning a lesser prize.

The ailment affects those who have decided it is not worth buying a MegaMillions or Powerball ticket unless the payout is huge - in the $400 million to $600 million range, officials said.

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