May 17, 2013

Powerball jackpot reaches record $600M

It's now the second largest lottery prize in history, which would make a single winner wealthier than Tiger Woods and Queen Elizabeth II of England.

The Associated Press

BATON ROUGE, La. — Powerball officials say the jackpot has climbed to an estimated $600 million, making it the largest prize in the game's history and the world's second largest lottery prize.

click image to enlarge

Ronald Marin rubs his lottery tickets on the wings of a "bluebird" statue for good luck at the Bluebird Liquor store in Hawthorne, Calif. Thursday, May 16, 2013. The multi-state lottery's website said the Powerball drawing jackpot has soared to at least $550 million for next drawing to be held Saturday. (AP Photo/Damian Dovarganes)

click image to enlarge

People line up to buy lottery tickets at the Bluebird Liquor store in Hawthorne, Calif. Thursday, May 16, 2013. The multi-state lottery's website said the Powerball drawing jackpot has soared to at least $550 million for next drawing to be held Saturday. (AP Photo/Damian Dovarganes)

Lottery officials say the prize is growing quickly Friday because so many people have been purchasing the $2 tickets. The jackpot has grown by an estimated $236 million since the last drawing on Wednesday.

The last jackpot was won on March 30, so it's been growing for about six weeks. The next drawing is Saturday night.

The largest jackpot ever was a $656 million Mega Millions prize won in March 2012. The prize was split three ways with winners in Illinois, Kansas and Maryland.

Odds of winning the Powerball jackpot are about 1 in 175 million.

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