Record Powerball Jackpot Boosted to $500M - WLNS TV 6 Lansing - Jackson | Your Local News Leader

Record Powerball Jackpot Boosted to $500M

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The record Powerball jackpot is now even bigger.

Powerball officials say they've boosted the jackpot for Wednesday's drawing to $500 million from the previously posted $425 million. Huge ticket sales nationally are pushing the payout higher.

A single winner choosing the cash payout will take home $327 million before taxes. Lottery officials say the chance of getting a winner in tomorrow's Powerball drawing is approaching 60 percent.

The price of a ticket doubled in January to $2 as part of a plan to build jackpots faster, drive sales and generate more money for states that play the game. That plan appears to be working with sales revenue up about 35 percent over last year. Record jackpots encourage players who usually sit on the sidelines to play and group purchases from work pools increase.

The jackpot is the largest ever for the Powerball game and the second largest lottery jackpot of all time, eclipsed only by the $656 million Mega Millions record set in March.

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