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Powerball jackpot jumps to $1.7 billion, third-highest ever

The Powerball jackpot has soared to $1.7 billion, the third-largest in history, after Wednesday's drawing yielded no grand prize winner. Eleven tickets matched five white balls, winning $1 million each, and four others won $2 million with the Power Play option. The next drawing is Saturday, offering a cash value of approximately $770.3 million. Winners can choose between an annuitized prize or a lump sum payment, both before taxes. The previous highest Powerball jackpots were $2.04 billion and $1.765 billion, both won in California.

Prepared by Christopher Adams and reviewed by editorial team.

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