Powerball jackpot reaches $348 million
The current jackpot for the national Powerball lottery has reached $348 million after going weeks without a big winner.
But no one took the jackpot home. The next drawing is on Wednesday.
The last jackpot to reach this level eventually grew into the largest in U.S. history — $1.5 billion.
That one garnered a lot of attention. In January, three winning tickets were sold in Chino Hills, California; Munford, Tennessee; and Melbourne Beach, Florida.
While the jackpot is advertised as being worth $348 million, a winner will only receive that amount if she takes the annuity — the money is paid out over 30 years.
The lump sum option, which is more popular, has a cash value of $226.1 million.