$850 Million Powerball Jackpot Up for Grabs in Wednesday Night’s Drawing: CNN
Powerball players all over the country are eagerly awaiting Wednesday night’s drawing, as they have the chance to win an estimated $850 million jackpot. This staggering amount comes after Monday night’s drawing resulted in no winner, causing the grand prize to grow from $785 million. If someone manages to hit the jackpot this time, it will be the fourth-largest payout in the history of the Powerball game.
The last Powerball jackpot win occurred on July 19 in California when a lucky player walked away with a massive $1.08 billion, marking the third-largest prize ever won in Powerball history. Since then, there have been 29 consecutive drawings without a grand prize winner. The excitement and anticipation have been building, and participants are hoping to break the dry spell this time around.
Should a jackpot winner emerge from Wednesday night’s drawing, they will have the choice of receiving the full prize in incremental payments spread over 29 years, or they can opt for a lump sum payment of approximately $397.4 million. However, it’s important to note that these figures are before taxes, which can significantly reduce the final amount.
The record for the largest Powerball jackpot stands at an astonishing $2.04 billion, which was won by a single ticket in California back in November. This extraordinary prize remains unmatched to this day and serves as a reminder of the life-changing rewards that playing the Powerball can offer.
Of course, the odds of winning such a massive jackpot are incredibly slim, coming in at 1 in 292.2 million, according to the lottery. Despite the daunting statistics, millions of hopeful individuals are taking their chances, dreaming of a better future with the $850 million prize.
As the anticipation builds, people all across the nation are crossing their fingers and holding their breath, waiting to see if Wednesday night will be the night that changes their lives forever.