Powerball Christmas Eve jackpot will be estimated $1.7 billion -- 4th largest in U.S. lottery history
CBS News • • business
Key Points:
- The estimated Powerball jackpot for Christmas Eve is $1.7 billion, marking the fourth largest in U.S. lottery history, following no winners for Monday night's $1.6 billion drawing.
- Wednesday's jackpot has a lump sum cash value estimated at $781.3 million, with the drawing being the 47th in the current jackpot run—a record for the longest Powerball jackpot cycle.
- To win the jackpot, a ticket must match five white balls and the red Powerball; winners can choose between a lump sum payment or a 30-year annuity with increasing annual payments, both subject to taxes.
- This is the second time in Powerball history that back-to-back jackpots have exceeded $1 billion, with
