Powerball Jackpot Raised to $500 Million

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

DES MOINES, Iowa – Wednesday’s Powerball jackpot has reached a half-billion dollars.

The jackpot has initial been estimated at $485 million but strong sales raised the jackpot to an estimated $500 million. If you hit the jackpot and want your winnings now, the cash option would be $337.8 million. It has been more than two months since the last time someone won the Powerball jackpot.

The Iowa Lottery said that has been almost a exactly a year since the Powerball jackpot has been this high. A jackpot of $425.3 million was won in the drawing on February 19, 2014.

The record Powerball jackpot of $590.5 million was won in the drawing on May 18, 2013, by a Florida woman. The largest lottery jackpot in the world was a $656 million Mega Millions prize won on March 30, 2012. It was split by three tickets in Illinois, Kansas and Maryland.



Latest News

More News