Players hold breath as $700 million Powerball jackpot drawing nears

Lottery players will have a shot at a $700 million Powerball jackpot that ranks as the second-largest in U.S. history.

Despite incredibly long odds, people throughout the country, including South Florida, will hold their breath Wednesday night as five white balls and one red ball are drawn from drums.

“Somebody here’s got to win it,” a man who purchased a lottery ticket in Miami said. 

Another man told Local 10 News reporter Layron Livingston that he would use the money to help his family and friends if he were lucky enough to win. 

The jackpot is second only to a $1.6 billion prize won in January 2016.

The $700 million prize reflects the annuity option, paid over 29 years. A winner who wants cash would receive $443.3 million, minus federal and state taxes that generally eat up more than 30 percent of winnings.

Odds of winning the jackpot are one in 292.2 million.

Powerball is played in 44 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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Powerball jackpot hits $435 million before Saturday’s drawing

It’s time again to start thinking about which private island you’ll buy as the Powerball jackpot has grown to almost half-a-billion dollars.

The current jackpot sits at $435 million ahead of Saturday’s drawing, but that number can always rise.

Of course, the numbers are not close (yet) to the record $1.6 billion Powerball jackpot back won with 3 tickets back in 2016, but it is not too early to dream.

If the numbers stay the way they are, a cash value payout of Saturday’s jackpot would come to $237.1 million.

As always, you can watch the Powerball drawing on Local 10.

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