Anyone looking to become an instant millionaire should grab a few dollars and head to the closest retailer selling Powerball tickets — the estimated jackpot for Wednesday night's drawing has reached $700 million.
This is the second-largest Powerball jackpot in U.S. history. Tickets are $2 each, and the odds of winning are 1 in 292.2 million. If anyone wins the whole shebang, they can choose an annuity option, receiving the jackpot in 30 payments over 29 years, or take the cash, which significantly reduces the amount of money (in this case, it would be $443.3 million). The winner will also have to pay federal taxes (25 percent), and possibly state taxes (Californians and Texans are among the exempt). Good luck!
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Donald Trump’s week in Asia: can he shift power away from China?Today's Big Question US president’s whirlwind week of diplomacy aims to bolster economic ties and de-escalate trade war with China
-
The Icelandic women’s strike 50 years onIn The Spotlight The nation is ‘still no paradise’ for women, say campaigners
-
Mall World: why are people dreaming about a shopping centre?Under The Radar Thousands of strangers are dreaming about the same thing and no one sure why
-
ABC News to pay $15M in Trump defamation suitSpeed Read The lawsuit stemmed from George Stephanopoulos' on-air assertion that Trump was found liable for raping writer E. Jean Carroll
-
Judge blocks Louisiana 10 Commandments lawSpeed Read U.S. District Judge John deGravelles ruled that a law ordering schools to display the Ten Commandments in classrooms was unconstitutional
-
ATF finalizes rule to close 'gun show loophole'Speed Read Biden moves to expand background checks for gun buyers
-
Hong Kong passes tough new security lawSpeed Read It will allow the government to further suppress all forms of dissent
-
France enshrines abortion rights in constitutionspeed read It became the first country to make abortion a constitutional right
-
Texas executes man despite contested evidenceSpeed Read Texas rejected calls for a rehearing of Ivan Cantu's case amid recanted testimony and allegations of suppressed exculpatory evidence
-
Supreme Court wary of state social media regulationsSpeed Read A majority of justices appeared skeptical that Texas and Florida were lawfully protecting the free speech rights of users
-
Greece legalizes same-sex marriageSpeed Read Greece becomes the first Orthodox Christian country to enshrine marriage equality in law
