Powerball jackpot boosted again to $550M

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Associated Press

Story Created: Wed Nov 28, 2012 12:26 PM

Story Updated: Wed Nov 28, 2012 12:27 PM

DES MOINES, Iowa (AP) - The record Powerball jackpot just keeps rising. It now stands at $550 million after officials say brisk sales keep driving up the payout amount.
   
The jackpot was boosted to $500 million on Tuesday and raised again Wednesday morning to $550 million.
   
A winner taking the cash option would get $360.2 million before taxes.
   
The numbers are an estimate and could be increased again as the drawing nears.
   
Powerball officials say they now believe there is a 75 percent chance that the winning combination of numbers will be drawn Wednesday night.

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