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Powerball Jackpot Grows To $425 Million

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(credit: Tim Boyle/Getty Images)

(credit: Tim Boyle/Getty Images)

MINNEAPOLIS (WCCO) – When there’s finally a winner, somebody is going to get a lot of money, a life-changing amount of money. There were no jackpot winners in Saturday night’s Powerball lottery drawing, meaning the jackpot for Wednesday’s drawing will go up to $425 million.

Minnesota State Lottery officials said that marks a new record. That’s after going 15 drawings without any jackpot winners, and officials said the stakes get higher with every drawing because of the $2 price per lottery ticket.

Powerball’s largest payout to date was $365 million in 2006. That went to a group of eight co-workers at a Nebraska meat-packing plant. The cash value on a single $425 million dollar winner is $278 million after taxes. That number could go even higher than $425 million as ticket sales usually spike on the day of drawings.

Your chances of winning are one in 175 million.

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