Headlines

Powerball Jackpot Jumps to $325 Million

Posted: 8:30 AM Nov 23, 2012
Reporter: Associated Press

The jackpot for Powerball's Saturday drawing has climbed to $325 million, the fourth-largest in the game's history.

A single winner choosing a cash payout would get nearly $213 million before paying state and federal taxes.

Powerball jackpots have been growing faster since the game's organizers doubled the ticket price to $2 in January.

An Iowa couple won $202 million in a Sept. 26 drawing, and then an anonymous winner in Delaware got $50 million prize the next week. The current jackpot has been building since then.

Powerball, which began in 1992, is played in 42 states, the District of Columbia, and the Virgin Islands.