Powerball Jackpot Now Estimated At $500 Million
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DALLAS (CBSDFW.COM) - What would you do with half a billion dollars? As of right now, the jackpot for Wednesday night's Powerball lottery drawing is estimated to be worth $500 million.
Due to a surge in ticket sales, the estimated annuitized jackpot jumped from $485 million to $500 million for Wednesday night's drawing.
This is now the fifth largest jackpot of any U.S. lottery game on record.
Wednesday night's jackpot started as a $40 million prize on December 3, 2014 and is the result of 20 drawings with no winner.
The odds of winning the jackpot are 1 in 175,000,000.
Texas had its first Powerball jackpot winner in 2013 when Paul McDowell of Ravenna claimed the $40 million jackpot from the May 29, 2013 drawing.
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