Powerball reaches $700 million, drawing Wednesday evening

Powerball reaches $700 million, drawing Wednesday evening

Powerball reaches $700 million, drawing Wednesday evening

Lottery officials say the grand prize for Wednesday night's drawing has reached $700 million - the second-largest on record for any USA lottery game.

Jackpot prizes are paid in 30 annual installments or as a one-time, lump-sum payment of an estimated at $443.3 million, which would be taxed even more at the state and federal levels.

If nobody wins the drawing at 11 p.m., the jackpot will roll over again, said Chip Polston, Kentucky Lottery spokesman.

The store that sells the winning ticket gets a flat fee of $10,000, but lottery officials say big winners often throw in a very large tip.

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The Iraqi's lottery win was such a unique story that it was reported in the New York Times, the Daily Mail, NBC, CNN, and Associated Press.

How to play Powerball and when is the drawing? Wednesday's jackpot grew after it rolled over 20 times without any winners from June.

Some said they don't play the Powerball until the jackpot reaches a certain mark, like $100 million or higher. You'd also be richer than Justin Bieber whose net worth is approximately $265 million, and Beyoncé, whose net worth comes in at $350 million. Another grudge holder said "Damian from next door blew out my birthday candles when I was 5.I hope he lives an incredibly lonely life". To win the $700 million, participants must match the five white numbers and the one red number.

"I would quit my job", Delaine said.

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On the other hand, those who only play for big jackpots usually just let the computer select their numbers, he said.

The odds of matching all six numbers for the grand prize are slim, approximately 1 in 292 million, but that isn't deterring people in Spokane from playing the odds.

Powerball is offered in 44 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. All sales for Powerball stop at 9:59 p.m. on the drawing days and resume following each drawing. The most recent drawing was Saturday. This is due to there being a victor for that lottery earlier this month.

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