Powerball jackpot reaches $700 million, second-largest prize in its history

Powerball

The estimated jackpot for Wednesday night's Powerball has reached $700 million, making it the second largest prize of all time.

A player will win the $700 million jackpot on Wednesday if their ticket matches all five numbers (in any order) and the red powerball.

A new drawing of winning numbers that could make a lucky player fabulously wealthy will be tonight, Wednesday, Aug. 23, at 10:59 p.m. The deadline to buy tickets is at 9:59 p.m.

The estimated jackpot is $700 million only if the victor agrees to get 30 payments over 29 years.

As of nearly 4 p.m. Tuesday, said Pennsylvania Lottery spokesman Gary Miller, tickets were selling at a clip of about 3,000 per minute statewide. The odds of winning any prize are 1 in 25. $590.5 million, Powerball, May 18, 2013 (one ticket, from Florida) 5.

Chopin says even though no one from the Bayou State has won the jackpot, we've seen some winners of smaller Powerball prizes here.

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The Georgia Lottery shows winners of the largest jackpots won by people in the state.

So, have you thought about what you're going to do with that prize money yet? A number of lawsuits have been filed over the years from workers claiming colleagues unjustly cut them out of an office pool's winnings.

The biggest Powerball jackpot was $1.6 billion on January 13, 2016. "I don't think I'd stop", Kinney said. Tom Rietz, a professor at the University of Iowa who researches probabilities, says it's hard for people to fathom what odds of one in 292.2 million mean. State taxes vary, so the amount winners will pay in depend on where they play.

Powerball is sold in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

TheLotter's most famous victor by far is MM, an Iraqi who won a $6.4 million jackpot in August 2015 playing Oregon Megabucks from Baghdad. Players can purchase tickets to the world's biggest lotteries, including the Mega Million, EuroMillions, the Italian SuperEnalotto, the EuroJackpot and more.

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