The $1.2 billion Powerball jackpot up for grabs on Wednesday

The $1.2 billion Powerball jackpot up for grabs on Wednesday
The $1.2 billion Powerball jackpot up for grabs on Wednesday

CNN

Powerball players will try their luck on Wednesday night for an estimated jackpot of $1.2 billion – which would be the second-largest pool in the game’s 30-year history.

The jackpot has reached this level partly because no jackpot has been won for 38 consecutive draws dating back to early August.

If the prize sits at $1.2 billion, that would be the fourth-largest US lottery jackpot and the second-largest Powerball jackpot.

The leader in both categories was a $1.586 billion Powerball grand prize shared by winners from California, Florida and Tennessee in January 2016.

The second and third tier for US jackpots are a $1.537 billion Mega Millions prize won in South Carolina in 2018 and a $1.337 billion Mega Millions jackpot won by a ticket from Illinois this summer.

If a ticket wins Wednesday night’s draw and the holder chooses a lump-sum option, the ticket would earn an estimated one-time payout of $596.7 million, according to Powerball. Otherwise, the estimated $1.2 billion prize would be spread over 30 payments over 29 years.

The last Powerball grand prize was awarded to a ticket in Pennsylvania on August 3 for a pot of $206.9 million.

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. billion Powerball jackpot grabs Wednesday

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