No Winner! Powerball Jackpot Soars to Third-Highest Ever

by Nate Wooley | May 16, 2013 10:57 am

Powerball-112512L[1]The Powerball lottery jackpot is now at its second-highest level ever.

The jackpot — which now sits at $475 million — is the third-highest for any U.S. lottery ever, the Associated Press reports[2].

It’s the third time in a year that a lottery jackpot has grown to this level. In 2012, a Mega Millions jackpot hit $656 million and a Powerball jackpot reached $587.5 million. The redesign of the game — along with a doubling of the cost per ticket — in January 2012 meant that jackpots would grow faster and be won more often.

“It usually took a handful of months, if not several months, for a jackpot to reach this large amount. Now it’s achieving that within a handful of weeks. I think the redesign is achieving exactly what we had wanted it to achieve, which is the bigger, faster-growing jackpot,” said an official with the Iowa Lottery.

More stories about the lottery:

  1. [Image]:
  2. the Associated Press reports:
  3. Brothers Win Lottery, Blow Up House:
  4. Lotto Mistake Results in $14 Million Win for Single Mom:
  5. Homeless Man Wins $50,000 on Scratch-Off Ticket:

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