Powerball Jackpot Quickly Jumps To $550 Million - WSPA.com

Powerball Jackpot Quickly Jumps To $550 Million

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Updated: May 16, 2013,

The Powerball jackpot has jumped to $550 million, a major climb less than a day after the latest drawing produced no winning ticket.

The announcement Thursday by the Multi-State Lottery Association means ticket sales have soared as the frenzy grows for a chance to win the big prize.

Mary Neubauer, spokeswoman for the Iowa Lottery, says the latest jackpot number has the potential to break the record for largest jump between drawings. That still belongs to a Powerball jackpot in November 2012, when the jackpot jumped $260 million to reach the all-time Powerball jackpot record of $587.5 million.

The latest jackpot has climbed nearly $200 million since Wednesday's drawing, which was an estimated $360 million.

The new jackpot has a $350.1 million cash option. The next drawing is scheduled for Saturday.

Updated: May 15, 2013, 11 pm

The winning numbers for Wednesday night's $363 million Powerball jackpot are 2-34-11-41-26 with Powerball 32.  

Posted May: 15, 2013, 12:51 pm

The winning numbers for the third largest jackpot in Powerball history will be drawn tonight at 10:59 p.m.

Lottery officials in the Palmetto state say ticket sales have been brisk statewide. The odds of winning it all are about 1 in 176 million. If someone in South Carolina wins the jackpot, the state will get about 7% state tax owed on the winnings. The federal government keeps about 25%.

It's been four years since South Carolina has had a Powerball jackpot winner. If it happens tonight the winner can choose between a $229 million cash payout or the annual payment for the full jackpot paid out over 30 years.

If there is no winner, the jackpot will, of course, go up. You can purchase tickets until 9:59 tonight. Powerball tickets are $2 each.

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