Powerball jackpot grows to estimated $700 million for Wednesday night drawing
ABC News
The Powerball jackpot grand prize has ballooned to an estimated $700 million for Wednesday night's drawing. The last jackpot was won in October.
The Powerball jackpot has risen to an estimated $700 million after there was no winner in Monday's drawing.
The estimated cash value of the prize is $352.3 million, according to Powerball.
The next drawing is on Wednesday night at 10:59 p.m. ET. It's one of two remaining Powerball drawings this year.
If a player wins the jackpot in Wednesday night's drawing, they will have two prize options. One is annual payments worth an estimated $700 million -- starting with one immediate payment and then subsequent payments over 29 years that increase 5% each year -- or they can opt for a lump sum payment estimated at $342.3 million, Powerball said. Both options are before taxes.
