Powerball jackpot tops $550M
Wednesday , November 28, 2012 - 11:35 AM
A digital display in a convenience store shows the current Powerball jackpot at $500 million, the...
DES MOINES, Iowa— The record Powerball jackpot just keeps rising. It now stands at $550 million after officials say brisk sales keep driving up the payout amount.
The jackpot was boosted to $500 million on Tuesday and raised again Wednesday morning to $550 million.
A winner taking the cash option would get $360.2 million before taxes.
The numbers are an estimate and could be increased again as the drawing nears.
Powerball officials say they now believe there is a 75 percent chance that the winning combination of numbers will be drawn Wednesday night.STORY:201211280028Powerball jackpot tops $550M/Business/2012/11/28/Powerball-jackpot-tops-550M.html-1