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

Rescued snowmobilers ill-prepared for emergency, Castlegar RCMP say

Two men rescued Wednesday night were not ready for overnight in back country

Police share more details on occupants and suspicious van in Fruitvale

Vehicle in question offered young girl a ride to school on Feb. 19

B.C. Interior free from measles

Vancouver measles outbreak hasn’t spread to the B.C. Interior

Parity prevails at BC Senior Curling championship

Teams go toe-to-toe in second Draw at the BC Senior Curling Championship

Selkirk College opens up debate on sports team name, logo

Asking for public comment on ‘Saints’ name until March 1

Peter Tork, Monkees’ lovable bass-guitar player, dies at 77

Tork, Micky Dolenz, David Jones and Michael Nesmith formed the made-for-television rock band

From a drunk judge to Clifford Olson: George Garrett recounts a life in B.C. news radio

New book from ‘Intrepid Reporter’ George Garrett offers readers a glimpse behind the headlines

Wife remembers B.C. man killed in possible case of mistaken identity

Rex Gill was in Kamloops working to support his family after oilfield job dried up

Kootenay man dies in crash near Sparwood

Accident occurred last night east of Sparwood, RCMP appealing for witnesses

Millennial men least likely to have a family doctor: Statistics Canada

Report found more women have primary care physicians, compared with men

70% of Canadians agree with mandatory vaccines for children: poll

The debate for pro and anti vaccinations has heated up after a measles outbreak in Vancouver

VIDEO: Woman, off-duty cop in serious condition after stabbing outside B.C. elementary school

The officer was interceding in an alleged assault when he and the woman were stabbed

Most Read