Powerball jackpot climbs to $750 million — 6th largest in history — ahead of Wednesday night drawing
CBSN
The Powerball jackpot reached an estimated $750 million before Wednesday night's drawing, making it the sixth-largest prize in the game's history.
The jackpot originally stood at $725 million after nobody won on Monday night, but that estimate was raised over the course of the next two days.
Should somebody win Wednesday night, they would have the opportunity to collect their winnings in annual installments or receive a lump sum cash payment of $378.8 million before taxes, according to Powerball. If a winner opts for the annuity, they would receive an initial payment, followed by 29 annual payments that increase by 5% each year.
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