DES MOINES, Iowa -- Lottery players will have a shot at athat ranks as the second largest in U.S. history.
Despite incredibly long odds, people throughout the country will hold their breath Wednesday night as five white balls and one red ball are drawn from drums.
The jackpot is second only to a.
The $700 million prize reflects the annuity option, paid over 29 years. Taken as a lump sum, the. Federal income tax of 39.6 percent would dwindle the winnings down to about $267 million, and state and local taxes would also apply.
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.