Anticipation ran high as numbers were drawn Saturday night for the $1.4 billion Powerball jackpot, the third-largest in the promotion’s history.
If someone wins the big prize on Saturday, they will have two options: An annuity, in which the winner receives one immediate payment followed by 29 annual payments that increase by 5% each year, or the lump sum option. Choosing the second option will make the cash value amount approximately $614 million before taxes, lottery officials said.
“This has become another top-charting jackpot in the Powerball game, and we’ve had several factors align at the right time to be able to support back-to-back billion-dollar jackpots in a matter of months,” Drew Svitko, the Powerball product group chair and Pennsylvania Lottery executive director, said inDrawings are held every Monday, Wednesday and Saturday. Tickets, which cost $2 per play, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.$1.
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