Powerball jackpot grows to third largest size ever
Tue, 14 May 2013 03:06:01 GMT —
COLUMBIA (WACH) -- The Powerball jackpot has grown to its third largest size ever. It sits at $350 million for this Wednesday's drawing.
Ticket sales have been so strong that Powerball officials will likely raise the jackpot size to a higher prize amount which they will announce Tuesday, according to South Carolina Education Lottery officials.
Tickets for each game cost $2, but lottery officials say, don't let the big jackpot size keep you from playing responsibly.
"It's not a time to go out and buy $300 worth of tickets, because your odds -- one in-176-million -- are the same whether you buy one ticket or whether you buy 20," said Paula Harper-Bethea, executive director of the South Carolina Education Lottery.
The current jackpot started rolling on April third. It has gone 12 rolls without a winner, meaning if someone wins the $350 million drawing on Wednesday, they can walk away with a $222 million dollar cash value payment immediately or take a 29 year annuity.
People who don't win the jackpot still have a one-in-31 shot at winning something.
"We have hundreds of small winners every time we have a drawing, and so there are lots of opportunities to win, but the one-in-$176 million is for the large jackpot win," said Harper-Bethea.
Your deadline to buy Powerball tickets before the jackpot prize drawing is 10 p.m. Wednesday.
The Powerball number will be selected at 10:59 that night.
Powerball is not the only game in town offering a big payout. Tuesday night's drawing for Mega Millions is at $170 million.