US Powerball jackpot grows to $403 million

US Powerball jackpot grows to $403 million

A punter selects numbers on a Powerball entry in New York. (Reuters file photo)
A punter selects numbers on a Powerball entry in New York. (Reuters file photo)

NEW YORK - The jackpot in the US lottery Powerball grew to $403 million before the drawing on Wednesday night, making it the 10th largest in the game's history.

The drawing was scheduled for 10.59pm ET on Wednesday (10.59am Thursday Thai time). The winner will get annual payments over 29 years, totalling $403 million, or $243.9 million in a lump sum payment, before taxes.

The last time a winning ticket in the jackpot was sold was on Dec 17. The odds of winning the jackpot is 1 in 292,201,338.

Powerball's jackpot swelled to a record $1.6 billion in January 2016, when three winning tickets were sold in Florida, California, and Tennessee. The game and a second major US lottery, Mega Millions, have exceeded $400 million only a few other times.

Powerball tickets are sold in 44 states, as well as Washington, DC, Puerto Rico and the US Virgin Islands. Players can buy the $2 tickets with their own numbers or have the numbers randomly generated by a computer.

Half of Powerball sales goes to prizes, 40% to state governments for items such as education and 10% to retailers who sell the tickets and for other administrative costs. 

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