Strong Sales Raise Powerball Jackpot to $500M - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Strong Sales Raise Powerball Jackpot to $500M

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DES MOINES, Iowa (AP/WBOC)- Officials say the Powerball jackpot has risen to an estimated $500 million, which would make it the fifth largest lottery prize in U.S. history.

The lottery raised its jackpot estimate hours before Wednesday night's drawing and has raised it twice since Saturday's drawing by a total of about $105 million.

No one has won the Powerball jackpot for more than two months, so the prize has been growing gradually from its $40 million starting point.

It's been nearly a year since a Powerball prize topped $400 million. Officials said the jackpot will cash out to $337.8 million, either over a 29-year payment period or a lump sum payment. 

Powerball is sold in 44 states as well as Washington, D.C., the U.S. Virgin Islands and Puerto Rico.

The chance of winning a Powerball jackpot is about 1 in 175 million.

The next drawing will be on Feb. 11 at 10:59 p.m. Eastern time. Powerball tickets are $2 each.

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