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Powerball jumps to $550M after no winning tickets sold
07 January 2018, 10:02 | Darnell Patrick
Powerball, Mega Millions have $783M up for grabs to start new year
The jackpot continues to roll over to an estimated $418 million after no ticket matched all six numbers: 1, 42, 47, 64, 70, plus the gold Mega Ball, 22.
The $550 million prize ranks as the sixth-largest all-time in Powerball jackpots.
The $550 million amount refers to the annuity payout option, in which the victor receives 30 payments over 29 years.
The jackpot has a cash value of more than $347 million, the estimated total if a victor selects one lump-sum payment rather than the other option of taking annual payments. The largest Mega Millions jackpot of $656 million was won in 2012.
It's not the only big lottery prize at stake.
Powerball tickets Marcio Jose Sanchez AP
Lottery players hit the Powerball jackpot seven times a year ago.
A Powerball ticket costs $2. Anyone who is lucky enough to win the big prize will have the option for a cash payout of $291 million.
Drawings are held on Wednesday and Saturday.
Powerball is played in 44 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
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Drawing gives Republicans edge in Virginia House of Delegates
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