Powerball jackpot tops $550M

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The Associated Press

Wed, 11/28/2012 - 12:35pm

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A digital display in a convenience store shows the current Powerball jackpot at $500 million, the largest Powerball jackpot in history, Wednesday, Nov. 28, 2012, in Atlanta. (AP Photo/David Goldman)
Maria Diaz, right, sells a customer Powerball tickets at a local supermarket in Hialeah, Fla.,Tuesday, Nov. 27, 2012. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Alan Diaz)
A customer buys three Powerball tickets at a local supermarket in Hialeah, Fla.,Tuesday, Nov. 27, 2012. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Alan Diaz)
A crowd of people line up outside the Arizona Last Stop convenience store and souvenir shop to buy Powerball tickets, Tuesday, Nov. 27, 2012, in White Hills, Ariz. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Julie Jacobson)
A crowd, consisting of residents from California and Nevada, lines up outside the Arizona Last Stop convenience store and souvenir shop to buy Powerball tickets, Tuesday, Nov. 27, 2012, in White Hills, Ariz. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game of over $500 million. (AP Photo/Julie Jacobson)
A digital display in a convenience store shows the current Powerball jackpot at $500 million, the largest Powerball jackpot in history, Wednesday, Nov. 28, 2012, in Atlanta. (AP Photo/David Goldman)
Maria Diaz, right, sells a customer Powerball tickets at a local supermarket in Hialeah, Fla.,Tuesday, Nov. 27, 2012. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Alan Diaz)
A customer buys three Powerball tickets at a local supermarket in Hialeah, Fla.,Tuesday, Nov. 27, 2012. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Alan Diaz)
A crowd of people line up outside the Arizona Last Stop convenience store and souvenir shop to buy Powerball tickets, Tuesday, Nov. 27, 2012, in White Hills, Ariz. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game. Already over $500 million, it is the second-highest jackpot in lottery history, behind only the $656 million Mega Millions prize in March. (AP Photo/Julie Jacobson)
A crowd, consisting of residents from California and Nevada, lines up outside the Arizona Last Stop convenience store and souvenir shop to buy Powerball tickets, Tuesday, Nov. 27, 2012, in White Hills, Ariz. There has been no Powerball winner since Oct. 6, and the jackpot already has reached a record level for the game of over $500 million. (AP Photo/Julie Jacobson)

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.

 

 

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