Exciting: Power Ball Jackpot now at $800 Million

How did the Power ball jackpot get to $800 Million?

A whopping €817.62 million is up for grabs in the next Powerball drawing on Saturday night, lottery officials said, in what is expected to be the second biggest jackpot drawing of all time.

The winning numbers drawn on Wednesday night were 19, 36, 37, 46, 56, and 24, and the Power Play is 2X. Wednesday’s jackpot was Powerball’s largest prize so far this year, the fifth-largest in the American lottery game’s 30-year history, and the eighth-largest U.S. lottery jackpot ever, according to a press release from Powerball.

Power Ball 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 €715.41 million jackpot is €343.09 million, Powerball said.

If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. The annual payments increase by 5% until the 30th and final payment. The 30 payments added up equal the value of the annuity.

Tickets cost €2.04 and are sold in 45 U.S. states as well as Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. More than half of all proceeds remain in the jurisdiction where the ticket was purchased, according to Powerball.

The jackpot grows based on game sales and interest rates. But the odds of winning the big prize stay the same — 1 in 292.2 million, Powerball said.

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