Powerball jackpot rises to $700M, Check the winner: When the numbers for the projected $700 million Powerball grand prize are chosen, it will be the eighth-largest U.S. lottery jackpot that is up for grabs.
Since August 3, nobody has matched all six numbers to take home the top prize in the Powerball game, causing the jackpot for Wednesday night to gradually increase for almost three months.
Naturally, the fact that the odds of striking all the digits are so dreadful—one in 292.2 million—is the reason no one has ever taken home the enormous reward.
The $700 million prize is paid out annually over 29 years to individuals who choose the annuity option. Cash is the most common option for winners, and the estimated value of that option for Wednesday’s drawing would be $335.7 million before taxes.
The largest lottery jackpot was a $1.586 billion reward won by three tickets in the Powerball game. No one was able to match all of the winning numbers in the $625 million Powerball lottery that was drawn on Monday night.
The anticipated $700 million jackpot for the upcoming drawing is waiting for the lucky participant on Wednesday. For the drawing on Monday, the estimated cash option was $299.8 million.
The anticipated value of Wednesday’s cash option, before taxes, is $335.7 million. The Powerball numbers for Monday’s drawing were 18, 23, 35, 45, and 54. The Power Play was 4X, and the Powerball number was 16.