Tuesday, November 27, 2012 , Updated 11:54 a.m., November 28, 2012
UPDATED: You could win $550 million in Wednesday night’s Powerball lotto
Powerball is currently the largest jackpot in the U.S.
No one won Saturday’s Powerball jackpot of an estimated $325 million, the largest lottery jackpot currently up for grabs in the U.S. This jackpot started as a $40 million prize on October 6, and is the result of 14 draws without a jackpot winner. The last Powerball jackpot-winning ticket was sold in the state of Delaware for the drawing held on October 3.
The Powerball jackpot will be an estimated
$425 million [UPDATE: now it's $550 million] for the drawing on Wednesday, November 28.
Powerball players win the jackpot by correctly matching five numbers from a field of 54, plus the Powerball number from a field of 35. The second-tier prize, awarded for matching all five numbers, but not the Powerball number is $1 million. Players can increase their second-tier prize to $2 million if they purchase the $1 add-on feature Power Play with their ticket. Odds of winning the jackpot prize are one in 175 million.
A winner taking the cash option would get $360.2 million before taxes.
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