Powerball jackpot races past $1 billion mark to estimated $1.2 billion for Wednesday night's drawing

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Powerball jackpot races past $1 billion mark to estimated $1.2 billion for Wednesday night's drawing
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There were no winning tickets sold for Monday night's Powerball drawing so the grand prize for Wednesday night's selections will be a minimum of roughly $1.2 billion.

so the grand prize for Wednesday night's selections will be a minimum of roughly $1.2 billion, Powerball officials say.Wednesday's jackpot will have a cash value of at least $596.7 million.The $1.2 billion pot of gold would be the second-largest in Powerball history, trailing only the world record $1.586 billion Powerball jackpot. It would also be the fourth-largest jackpot in U.S. lottery history.The last time a Powerball jackpot was hit was August 3, in Pennsylvania.

The gargantuan $1,586 billion jackpot was shared by holders of three winning tickets, in California, Florida and Tennessee in January 2016. Jackpot winners can get their prize as an annuity paid out over 29 years, or a lump sum payment. All prize amounts are before taxes.Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET and livestreamed at

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