The Brief

PHOENIX - The Powerball jackpot has grown to an estimated $1.3 billion for Wednesday's drawing , making it the fifth-largest jackpot in the game's history.

By the numbers:

The advertised jackpot amount is the total prize if a winner chooses to receive the winnings as an annuity, paid out in 30 graduated installments over 29 years. The cash value, which is the amount the lottery has on hand to pay the winner in a single lump sum, is estimated at $589 million.

According to lottery officials, the disparity between the jackpot and the cash value is because the annuity option is based on the lottery investing the lump sum amount and paying out the winner with the earnings over time. The higher the interest rates, the larger the advertised jackpot can be.

The winner would ha

See Full Page