An estimated $1.2 billion jackpot is up for grabs in the next Powerball drawing on Wednesday night.
and the biggest so far this year. It's also the seventh-largest U.S. lottery jackpot ever, according to a press release from Powerball.However, two tickets -- purchased in Delaware and Michigan -- matched matched all five white balls to win $1 million prizes.
Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Both advertised prize options do not include federal and jurisdictional taxes. The jackpot grows based on game sales and interest, but the odds of winning the big prize stays the same -- 1 in 292.2 million, according to Powerball.
Powerball tickets cost $2 and are sold in 45 U.S. states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. The drawings are also livestreamed online at Powerball.com.
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