U.S. Powerball jackpot hits $700M

The estimated jackpot for Wednesday night’s Powerball lottery game climbed to $700 million, making it the second-largest in U.S. history

Is a chance at $700 million enough to make you take a drive across the border?

Canadians across the nation have been slipping across the border to grab a ticket for this week’s Powerball jackpot, estimated at $700 million USD, the second-largest in American history.

While a $700 million jackpot sounds too good to be true, it sort of is. That number is based on the annuity option which would be handed out to the winner in 30 payments over 29 years.

Not surprisingly, nearly all winners have historically chosen the cash payout which will be about $443.3 million USD in this jackpot.

The draw will take place tomorrow, Wednesday, Aug. 23, at 10:59 p.m. ET in Tallahassee, Florida.

Five white balls will be drawn from a drum containing 69 balls and one red ball will be selected from a drum of 26.

Like most lotteries, the odds are not in you favour. According to the Powerball website, the odds are about 1 in 292.2 million.

The Powerball itself is held to raise money for government programs in the 44 states where the game is played, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

If a Canadian wins and they’ve come back home with their ticket, they made need help accessing their winning funds as an older rather obscure American law makes it illegal to import lottery tickets into the United States.


 

@carmenweld
carmen.weld@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Bear spotted in Qualicum Beach

Full-grown bear spotted in complex at Berwick and Rupert roads

Canadians on epic journey arrive in Nanoose

Snaw-Naw-As First Nation welcomes participants of Canada C3 voyage

Kwalikum Secondary student back from year in Netherlands

Don’t pass up opportunity to travel with Qualicum Beach Rotary’s help, says Taylor Hunter

Resident slam loud dynamite blasting at Cedar Ridge Estate development

Sleigh feels insulted by Mayor Lefebrve who failed to understand their suffering

RDN creates new service to fund INfilm

Regional district to enter three year agreement with film commision for annual funding of $50,000

VIDEO: Sears liquidation sales continue across B.C.

Sales are expected to continue into the New Year

B.C. NDP convention set for Victoria

Premier, federal leader Jagmeet Singh to add energy

Silver Creek farm search expands north

RCMP were seen collecting evidence three kilometres north of the farm where human remains were found

Qualicum Beach residents discuss long-term vision for community wellness

Three more meetings on topic scheduled for Oct. 24 and 25

VIDEO: Motorcycle catches fire in Nanaimo traffic

Motorcyclist takes fast action to get burning bike off the road along the old Island Highway

Open house features both sides of the issues on Bowser sewage project

New association opposing marine outfall use event to also express their concerns

Nanaimo man assaulted, tied up and robbed at his home

Incident occurred about 7 a.m. Monday, Oct. 23 at a home on Beverly Drive

Parksville draft park plan goes before public

People invited to open house Oct. 28 at Parksville Community and Conference Centre

Most Read