Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Via AP news wire

Powerball jackpot rises to $700M, 8th largest lottery prize

Copyright 2022 The Associated Press. All rights reserved.

The eighth-largest lottery jackpot will be up for grabs when numbers are drawn for an estimated $700 million Powerball grand prize.

No one has matched all six numbers and won Powerball's top prize since Aug. 3, allowing Wednesday night's jackpot to slowly grow for a nearly three months. Of course, the reason no one has won the giant prize is because the odds of hitting all the numbers are so miserable, at one in 292.2 million.

The $700 million jackpot is for those who take an annuity option, paid out annually over 29 years. Winners nearly always opt for cash, which for Wednesday's drawing would be an estimated $335.7 million before taxes.

The biggest lottery jackpot was a $1.586 billion Powerball prize that three ticket holders won in 2016.

Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.