Record Powerball Jackpot Jumps Again To $550 Million

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powerball-550-millionA lot of people are buying lottery tickets with a record-breaking Powerball jackpot up for grabs.

When the prize money jumped to a whopping $550 million, it set off a ticket-buying frenzy. An estimated 130,000 tickets are being sold every minute.

The fact that the odds are long – each ticket has just a 1 in 175 million chance of winning – did not deter many in the Tri-State Area from dreaming big dreams.

“People are buying like crazy,” Sarth Shah, who selling tickets at a 7-Eleven in Saddle Brook, New Jersey, told CBS 2′s Vanessa Murdock.

The store does have a history of printing winners. In July, a Cash 5 ticket worth more than $100,000 was sold there. Eights years ago, Ken Mamazzo said he was a lucky winner.

“I won five thousand on a ticket I bought here,” he said. “I haven’t won since.”

The largest jackpot in Powerball’s history has rolled over 16 times without a winner. A surge in ticket sales pushed the top prize up from $425 million to $500 million on Tuesday and again to $550 million on Wednesday.

It’s possible the jackpot could increase yet again before the day is done.


{ Newscenter}


  1. Here’s the tuition answer – when buying a lottery ticket, one should be able to choose where the education money goes to (I believe $1 of each ticket goes to the state and most of it goes to education). As opposed to having it all go to public schools that are getting our tax money anyway. Frum private schools should be one of the choices. Just my 2 cents.


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