Powerball Jackpot Hits $360 Million

By: Associated Press
By: Associated Press

10 Record-Breaking Lottery Jackpots

  1. $640 million Mega Millions, won 30 March 2012,
  2. $587.5 million Powerball, 28 November 2012,
  3. $390 million Mega Millions, 6 March 2007,
  4. $380 million Mega Millions, 4 January 2011,
  5. $365 million Powerball, 18 February 2006,
  6. $363 million The Big Game (precursor of Mega Millions)
  7. $360 million Powerball: Cash payout 229.2 Million (current Powerball drawing)
  8. $340 million Powerball, 19 October 2005
  9. $338 million Powerball, 23 March 2013,
  10. $337 million Powerball, 15 August 2012, 


DES MOINES, Iowa (AP) -- The Powerball jackpot has ballooned to $360 million in a matter of weeks, a jump that's propelled it to be the third largest Powerball jackpot and the seventh largest jackpot in history.

Lottery officials say the "cross-selling" of Powerball and Mega Millions tickets, as well as a game redesign in 2012, boosted jackpots and increased the odds of winning some kind of prize.

Iowa Lottery spokeswoman Mary Neubauer says large jackpots are "the new normal," and she expects them to keep surpassing all-time jackpot records set years ago.

The last major win came when a New Jersey man won a $338.3 million jackpot on March 23. It is considered the fourth largest Powerball jackpot in history.

The latest drawing is scheduled Wednesday night. It has a $229.2 million cash value.

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