US Powerball jackpot climbs to $707 million

The Powerball jackpot rose to $707 million after Wednesday’s drawing produced no winner, making it the second‑largest prize of the year. Players can claim the prize as a 30‑year annuity or as a lump‑sum cash option of about $309.7 million before taxes. After the mandatory 24 % federal withholding the cash payout would be roughly $235 million, with further state taxes applying depending on the winner’s residence. The jackpot now includes U.K. players, who can win a £377 million (≈$503.5 million) prize paid only in annuity installments. The surge follows a recent $803 million Mega Millions win in Florida and a $250.8 million Powerball win in Arkansas, which have driven ticket sales across multiple states. The drawing is administered by the Multi‑State Lottery Association, with tickets sold through state lotteries such as Delaware’s, which requires buyers to be at least 18 years old.