tag:reuters.com,2016:newsml_GF20000090719:712032618
(Nationwide) – The Powerball jackpot is climbing again after no one won the jackpot in Wednesday night’s drawing (Dec 4th). The estimated jackpot for Saturday’s drawing is now 820-million-dollars.
Some players did luck out, however, with a two-million-dollar ticket sold in Kentucky and one-million-dollar winners in Florida and California. Tickets cost two dollars each, with the odds of hitting the jackpot roughly one in 292 million.
If you win the Powerball, you can decide between the lump-sum or annuity option. The jaw-dropping $820 million jackpot is the annuity option in which you will receive the money in 30 annual payments. The cash value option, $383.5 million, is the money you’ll receive if you choose the one-time, lump-sum payment.
