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

‘Beauty amongst such tragedy:’ B.C. photographer captures nature’s trifecta

David Luggi’s photo from a beach in Fraser Lake shows Shovel Lake wildfire, Big Dipper and an aurora

Susan Simmons begins a 24-hour swim from Victoria to Port Angeles and back

The MS Athlete and ultra-marathon swimmer wants to be the first person to make the journey

New Victoria mayoral candidate, three more council candidates step forward

Four people from NewCouncil.ca jump into the race for the Oct. 2018 municipal election

PHOTOS: Tour de Victoria takes off

1,800 cyclists took off in the Ryder Hesjedal’s Tour de Victoria for a city-wide loop

Vancouver Island woman to attempt historic swim across Juan de Fuca Strait today

Ultra-marathon swimmer Susan Simmons to attempt to swim from Victoria to Port Angeles and back

Oak Bay brothers scoop 10 kg of poop from park paths in 30 mins

Family picks up dog poo to give back, inspire others to be more responsible

Five things to do in Greater Victoria this weekend

Puppy yoga, horses, cars, water guns and more make up this weekend’s list of events to see

RCMP looking for missing Duncan teen

Dallas Macleod, 18, was last seen on Aug. 10

Evacuation order issued in Island village due to “risk of falling debris”

Fire continues to threaten town’s only access road

Lions give up late TD in 24-23 loss to Argos

B.C. falls to 3-5, fumbling away last-minute chance in Toronto

Eagle tree cut down legally a 1st for B.C. city

Planned eagle preserve ‘a first for City of Surrey’

Smoky skies like a disappearing act for sights, monuments around B.C.

Haze expected to last the next several days, Environment Canada said

Canadians react to death of former UN secretary-general Kofi Annan at age 80

Nobel Peace Prize-winning former UN leader died early Saturday following a short illness

Most Read