Powerball: Jackpot increases to $835 million

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Powerball: Jackpot increases to $835 million
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There has not been a Powerball jackpot winner since July 19.

Monday's drawing was the fourth-largest in Powerball history.The Powerball jackpot moved closer to the $1 billion mark as no one matched all five numbers and the red Powerball on Monday night. Wednesday’s jackpot will be an estimated $835 million.Jackpot jumps to $835MThe Powerball jackpot increased to $835 million when no one matched all of the numbers.

If someone wins the big prize on Wednesday, they will have two options: An annuity, in which the winner receives one immediate payment followed by 29 annual payments that increase by 5% each year; or the lump sum option. Choosing the second option will make the cash value amount approximately $390.4 million before taxes.

While there were no grand prize winners, three tickets in Florida and one in Oregon matched five numbers, giving their owners a $1 million prize, lottery officials said.The last time someone won the Powerball jackpot was on July 19, when a $1.08 billion ticket was sold in California. That was the third-largest Powerball jackpot in the promotion’s history,

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