The estimated Powerball jackpot for Wednesday night has soared to $500 million.
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Powerball offers two jackpot payment options: the $500 million prize paid over 29 years in graduated payments, or the cash option of approximately $306 million.
Half a billion dollars could be yours if you’re the lucky person who wins Wednesday night’s Powerball lottery drawing.
Pennsylvania lottery prizes are not subject to state or local taxes, but 25 percent in federal taxes are withheld on prizes worth more than $5,000.
The grand prize has climbed another $50 million since Tuesday morning, according to lottery officials.
Wednesday the K. J’s Super Store in Malad had a constant flow of people buying tickets hoping to be the next big victor, including a number of Utahns.
The jackpot is now the sixth largest ever in USA history.
It’s now much harder to win the massive, life-changing jackpot.
The husband and wife say they rarely play the lottery, but a big jackpot got their attention. 2 NEWS Reporter Jordan Bowen talked to some ticket buyers here earlier today, who have say they have big plans if they hit the jackpot. The drawing will be held at 10:59 p.m. Wednesday.
Powerball is played in 44 states as well as the District of Columbia, U.S. Virgin Islands and Puerto Rico.
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“If you have an extra few dollars, might as well, because you never know”, Royal said. If there isn’t a jackpot victor, the prize for Saturday’s drawing would be significantly larger, but it would still take some time to grow beyond the record. He developed an app called LottoLotto that alerts lottery players if they have a winning ticket.
