Oct. 26 (UPI) — Wednesday night’s Powerball jackpot is up to $700 million after no ticket matched all six numbers for the 35th consecutive drawing.
The jackpot is the fifth-largest Powerball jackpot and eighth-largest lottery jackpot in history, according to Powerball.
Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. The cash value of Wednesday’s $700 million jackpot is $335.7 million, Powerball said.
The cost of a Powerball ticket is $2, and one can be bought 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
The jackpot grows based on game sales and interest rates. But the odds of winning the big prize stays the same — 1 in 292.2 million.
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. The drawings are also live streamed online at Powerball.com.
