Lucky player in Seattle suburb wins $754.6M Powerball prize

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Lucky player in Seattle suburb wins $754.6M Powerball prize
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The single winning ticket for a $754.6 million Powerball jackpot was bought Sunday at a Fred Meyer store in Auburn.

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Lottery officials said another $1 million prize from a ticket bought in Airway Heights, near Spokane, in November remains unclaimed. Lottery winners have 180 days to claim their prizes. The full jackpot is for a winner opting for an annuity distributed in one immediate but partial payout followed by additional payments over 29 years that increase by 5% annually. The winner also can opt for a one-time cash payment of $407.2 million.The estimated jackpot for the next drawing scheduled for Wednesday is $20 million, according to the lottery’s website.

Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower. Most winners prefer the immediate cash prize.

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