Four new millionaires after Powerball drawing, jackpot rises to $437 million
WASHINGTON — A jackpot of $408 million was up for grabs in Wednesday's Powerball drawing, the largest it's grown since a massive $1.36 billion winner earlier this year. The $408 million jackpot has a lump sum cash value of $196 million. That's the option most winners take, as opposed to the full value paid out as an annuity.