Friday, November 23, 2012

Powerball jackpot builds to $325M for Saturday

DES MOINES, Iowa (AP) ? The jackpot for Powerball's Saturday drawing has climbed to $325 million, the fourth-largest in the game's history.

A single winner's cash payout would be nearly $213 million before taxes.

Powerball organizers say this is the first run-up to a large jackpot that's fallen over a major holiday. They're unsure whether Thanksgiving and Black Friday will help or hinder sales.

Powerball jackpots have increased more rapidly since the game's organizers doubled the ticket price to $2 in January. An Iowa couple won $202 million in a Sept. 26 drawing, and an anonymous winner in Delaware got $50 million prize the next week.

Roxie Breece, assistant manager at a Cenex convenience store in Ogallala, Neb., says far more Powerball tickets than usual have been sold over the past week.

Source: http://news.yahoo.com/powerball-jackpot-builds-325m-saturday-162114837--finance.html

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