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

Nearly $500,000 available for internships with northern B.C. First Nations governments

Funds announced through partnership with Northern Development and Government of Canada

Terrace husband and wife honoured for saving each other’s lives

BC Ambulance presented each a Vital Link Award for separate incidents of CPR

$15 million spent on cancelled transmition line

BC Hydro had already spent approximately $15 million on planning a new… Continue reading

New funding available for industry innovation

Northern Development Initiative Trust opened new funds, focused on areas impacted by the pine beetle

Former resident wins filmmaking award

Veronika Kurz will be able to make her film with $15,000 cash and in-kind services, up to $100,000

Solitary-confinement veto a chance to address mental health: advocate

B.C. Supreme Court made the landmark ruling Wednesday

B.C. civil rights group files complaint about RCMP arrest of man who later died

Dale Culver, a 35-year-old Indigenous man was arrested in Prince George last July

Lawyer says former B.C. government aide ‘barely guilty’ in ethnic vote scandal

Brian Bonney pleaded guilty to a breach of trust charge

Quite a few tears as homemade quilts distributed to residents of Ashcroft Reserve, Boston Flats affected by last summer’s fire

Quilters in B.C. and Alberta worked through the summer and fall to create more than 100 quilts.

Island Health: No need for alarm in wake of Victoria needle-prick incidents

Three incidents in a week prompts meeting between health authority, city service providers

B.C. coast loggers celebrate history, hope for improvement

Truck Loggers Association awaits B.C. NDP government’s new direction

Global Affairs aware of report of two Canadians kidnapped in Nigeria

The foreigners were heading south from Kafanchan to Abuja when they were ambushed around Kagarko

Whistler role in potential Calgary Olympic bid would be welcome: IOC

Calgary is mulling whether to vie for the 2026 Games, and could look to facilities in B.C.

Food industry failing at voluntary sodium reduction: Health Canada

Health Canada report shows the food industry made no meaningful progress in curtailing salt levels

Most Read