The Powerball jackpot has reached an estimated $1.2bn, becoming the the third largest jackpot in Powerball history and the seventh largest lottery in the US.
No winning ticket matched all six numbers drawn on Monday 2 October – white balls 12, 26, 27, 43, 47 and red Powerball 5. Now, players will have the chance to take home a lump sum payment estimated at $551.7m or one immediate payment, followed by 29 annual payments that increase by five per cent each year.
