"With an estimated $750 million jackpot, Monday's Powerball draw will be the 10th largest in the game's history after no player matched all six number in Saturday's draw, the Multi-State Lottery Association said in a press release. Saturday night's jackpot was already one of the largest prizes in Powerball's history, with earnings up to an estimated $700 million. With tickets sold in 45 states, Monday's game will mark the 37th drawing since the jackpot was last won in California on May 31."
"Should there be a winner of Monday, they will have the choice between an annuitized $750 million prize or a lump sum payment estimated at $338.6 million before taxes, MUSL said. If the winner chooses the annuity option, they will receive one immediate payment plus 29 annual payments with 5-percent increments each year. There have been five Powerball jackpots over $1 billion, including the largest lottery jackpot for the game in US history of $2.04 billion."
"Despite there being no winners for the big ticket Saturday, a lucky contestant in South Dakota earned $2 million from the evening draw after matching five white balls and doubling earnings with the Power Play option, according to the release. Two other lottery tickets, sold in Maine and New York, matched five white balls to earn the winners $1 million each. Thirty-one ticket holders won $50,000 prizes, and five tickets won $100,000 prizes in Saturday's drawing, the release said."
Monday's Powerball jackpot is estimated at $750 million, the 10th-largest in game history after no player matched all six numbers Saturday. Saturday's jackpot had risen to an estimated $700 million, and tickets were sold in 45 states; Monday's drawing is the 37th since the jackpot was last won in California on May 31. A Monday winner can choose a $750 million annuity or an estimated $338.6 million lump sum before taxes; the annuity pays one immediate payment plus 29 annual payments that increase 5 percent each year. Several large prizes and multiple secondary winners were reported from Saturday's drawing.
Read at The Mercury News
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