Powerball Has Record $550 Million at Stake
Big-money dreams on the line in record drawing Wednesday night.
A record sum of money could be for the taking Wednesday night, as the Powerball jackpot has reached $550 million. Those in New Jersey hoping to cash in have until 9:59 p.m. to snag a ticket, or two, or–well, you get the idea. The drawing will take place at 10:59 p.m. With no winner since Oct. 6 and an increase in the cost of tickets to $2, the value of the pot has skyrocketed. The jackpot, won by matching all five white balls in any order and the red Powerball, can be paid out as either an annuitized prize paid out over 29 years or a lump sum payment, according to the game's website. If the winner chooses the annuity, the annual payment will be increased each year by the percentage set out in the Powerball game rules. Of course, $550 …
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