Powerball Jackpot Jumps To $550 Million

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DES MOINES, Iowa (AP) – The Powerball jackpot has jumped to $550
million, a major climb less than a day after the latest drawing produced
no winning ticket.

The announcement Thursday by the Multi-State
Lottery Association means ticket sales have soared as the frenzy grows
for a chance to win the big prize.

Mary Neubauer, spokeswoman for the Iowa Lottery,
says the latest jackpot number has the potential to break the record for
largest jump between drawings. That still belongs to a Powerball
jackpot in November 2012, when the jackpot jumped $260 million to reach
the all-time Powerball jackpot record of $587.5 million.

The latest jackpot has climbed nearly $200 million since Wednesday's drawing, which was an estimated $360 million.

The new jackpot has a $350.1 million cash option. The next drawing is scheduled for Saturday.

Copyright 2013 The Associated Press. All rights reserved.

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