Tuesday, August 9, 2022

Wednesday’s Powerball jackpot at $700 million is second largest ever

The Powerball jackpot has climbed to the second largest amount in U.S. history. (Southside Daily photo)

VIRGINIA BEACH — Could you be holding the winning lottery ticket? You won’t have to wait long to find out.

Numbers for the Powerball jackpot will be drawn at 10:59 p.m. on Wednesday.

The estimated jackpot has reached its second highest amount ever, climbing to $700 million, which could be paid over the span of 29 years.

Prospective winners stand to walk away with about $443.3 million if they opt to take a cash payout, losing 25 percent in federal taxes.

The largest jackpot in Powerball history was recorded in 2016, reaching $1.6 billion, which was split three ways. The winners reportedly took home $327.8 million each.

The Powerball is played in 44 states, as well as Washington D.C., Puerto Rico, and the Virgin Islands.

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