"The Powerball jackpot has climbed to an estimated $1.25 billion after no one matched all six numbers for the 43rd drawing in a row Monday night, game officials announced. Wednesday's jackpot will be the second-largest Powerball prize this year, behind the $1.787-billion prize won in Missouri and Texas on Sept. 6, according to a Powerball news release. Wednesday's jackpot has an estimated cash value of $572.1 million. This is also the second time the game has produced back-to-back billion-dollar jackpots."
""Powerball has only seen back-to-back to billion-dollar jackpots twice, and this one has arrived just in time for the holidays," Matt Strawn, Iowa Lottery chief executive and Powerball Product Group chair, said in the release. On Monday, two tickets were sold in Arizona and California that matched all five white balls to win $1-million prizes, according to the release. Neither, however, matched the red Powerball number. There were also 43 tickets that won $50,000 prizes and 14 tickets that won $200,000 prizes."
"If someone wins Wednesday's jackpot, they can choose between an annuitized prize of about $1.25 billion or a lump sum payment estimated at $572.1 million before taxes, according to the release. If the winner picks the annuity option, they will get one immediate payment followed by 29 annual payments that go up by 5% every year."
Powerball's jackpot reached an estimated $1.25 billion after no one matched all six numbers for the 43rd consecutive drawing. The Wednesday jackpot is the second-largest of the year and has a cash value estimated at $572.1 million. The game has produced back-to-back billion-dollar jackpots for the second time. Two tickets recently won $1 million by matching five white balls but missed the red Powerball. Additional prizes included 43 tickets winning $50,000 and 14 tickets winning $200,000. The jackpot winner can choose an annuity of escalating payments over 30 years or a lump sum before taxes.
Read at Los Angeles Times
Unable to calculate read time
Collection
[
|
...
]