Powerball jackpot rises to $700M, 8th largest lottery prize

Oct 25, 2022, 8:26 AM | Updated: Oct 26, 2022, 4:34 am
A Powerball ticket showing the estimated jackpot of $700 million is displayed, Tuesday, Oct. 25, 20...

A Powerball ticket showing the estimated jackpot of $700 million is displayed, Tuesday, Oct. 25, 2022, in Urbandale, Iowa. The eighth-largest lottery jackpot will be up for grabs Wednesday night when numbers are drawn for an estimated $700 million Powerball grand prize. (AP Photo/Charlie Neibergall)

(AP Photo/Charlie Neibergall)

DES MOINES, Iowa (AP) — The eighth-largest lottery jackpot will be up for grabs when numbers are drawn for an estimated $700 million Powerball grand prize.

No one has matched all six numbers and won Powerball’s top prize since Aug. 3, allowing Wednesday night’s jackpot to slowly grow for a nearly three months. Of course, the reason no one has won the giant prize is because the odds of hitting all the numbers are so miserable, at one in 292.2 million.

The $700 million jackpot is for those who take an annuity option, paid out annually over 29 years. Winners nearly always opt for cash, which for Wednesday’s drawing would be an estimated $335.7 million before taxes.

The biggest lottery jackpot was a $1.586 billion Powerball prize that three ticket holders won in 2016.

Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - In this Monday, Nov. 2, 2015 file photo, the first twin-engine 158-seater C919 passenger pla...
Associated Press

Chinese airline receives first domestic long-range jetliner

BEIJING (AP) — A Chinese airline on Friday became the first customer to take delivery of a long-range jetliner produced by a state-owned manufacturer set up to try to compete with Boeing and Airbus, state TV reported. The Commercial Aircraft Corp. of China’s C919 is part of the ruling Communist Party effort’s to transform the […]
3 hours ago
Associated Press

Spain hosts EU-Med summit to discuss energy crisis

MADRID (AP) — The leaders of nine Mediterranean and Southern European countries planned to meet Friday in Spain, with the energy crisis triggered by the Russian invasion of Ukraine likely to top the agenda. The EU-Med9 meeting in the eastern port city of Alicante brings together the leaders of Spain, Portugal, France, Italy, Greece, Malta, […]
3 hours ago
Medical workers in protective overalls walk past a line outside the fever clinic of a hospital in B...
Associated Press

China struggles with COVID infections after controls ease

BEIJING (AP) — A rash of COVID-19 cases in schools and businesses were reported by social media users Friday in areas across China after the ruling Communist Party loosened anti-virus rules as it tries to reverse a deepening economic slump. Official data showed a fall in new cases, but those no longer cover big parts […]
3 hours ago
FILE - Ukraine Finance Minister Serhiy Marchenko walks outside of the International Monetary Fund (...
Associated Press

Helping Ukraine is ‘self-preservation,’ finance chief says

FRANKFURT, Germany (AP) — Ukraine’s finance minister says crucial Western financial support is “not charity” but “self-preservation” in the fight to defend democracy as his country deals with growing costs to repair electrical and heating infrastructure wrecked by Russian attacks. Serhiy Marchenko also told The Associated Press in an interview Thursday from Kyiv that he […]
3 hours ago
People walk by monitors showing an exchange rate of the Japanese yen against the U.S. dollar at a s...
Associated Press

World shares higher ahead of U.S. inflation update

BANGKOK (AP) — Shares were higher in Europe and Asia ahead of an update Friday on U.S. wholesale prices that will provide insights into how businesses are coping with inflation. Germany’s DAX added 0.2% to 14,295.30 while the CAC 40 in Paris was nearly unchanged at 6,649.30. Britain’s FTSE 100 also was little changed, gaining […]
3 hours ago
A general view of pupils during lunch hour at Hillstone Primary School, in Birmingham, England, Wed...
Associated Press

UK cost-of-living woes stir push for more free school meals

BIRMINGHAM, England (AP) — As the school bell rings, dozens of children begin filing into the canteen at Hillstone Primary School. The day’s offering, a roast dinner, is a popular one, and many are eager to tuck into their plates of turkey slices, roasted potatoes, broccoli and gravy. For some children in this area of […]
3 hours ago

Sponsored Articles

(Desert Institute for Spine Care photo)...
DESERT INSTITUTE FOR SPINE CARE

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
...
Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
Powerball jackpot rises to $700M, 8th largest lottery prize