by Nate Wooley | March 21, 2013 9:14 am
For the 12th drawing in a row the Powerball lottery on Wednesday saw no winner and the jackpot is getting very high.
The Powerball — in which players hope to match five numbers and a “Powerball Number” — jackpot now sits at $320 million with two more days until Saturday’s drawing, reports ABC News.
The $320 million figure is preliminary and could be higher depending on the number of tickets sold before the next drawing. There is also a one-time cash option that will pay a single winner $198.3 million dollars.
It’s the third time in a year that the jackpot has passed $250 million. In January 2012, the price of each ticket doubled to $2 and that began to increase the potential prizes much faster. Last November two winners — a man in Arizona and a couple in Missouri — shared the highest Powerball win ever at $587.5 million.
Source URL: http://investorplace.com/2013/03/powerball-heads-to-320-million-jackpot/
Short URL: http://invstplc.com/1nvALkM
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.