Record Powerball result of changes to boost sales - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Powerball jackpot rises to $550 million

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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.

>>Will $500 million make you happy? Let us know by weighing in on our Facebook page!

The jackpot was boosted to $500 million on Tuesday and raised again Wednesday morning to $550 million.

>>Big winners share lessons, risks of Powerball win

A winner taking the cash option would get $360.2 million before taxes.

>>Let it Rip: Millions chase record $500M Powerball jackpot

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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