Lotto Fever: Powerball Jackpot Soars to $425 Million

LOS ANGELES (KTLA) — The jackpot for Wednesday night’s Powerball drawing was at an estimated $425 million, sparking a dash to buy tickets in Southern California.

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Powerball jackpot soars to $425 million (Aug. 7, 2013)

It was already the fourth-largest lottery jackpot in U.S. history.

The lump-sum payment option for a single winner would be about $244.7 million after taxes.

The biggest jackpot ever was a $656 Mega Millions prize in March 2012, which was split among three winners in Illinois, Kansas and Maryland.

In May 2013, an 84-year-old Florida woman was the sole winner of a $590.5 million Powerball jackpot.

And in November 2012, winners in Missouri and Arizona split a $587 million Powerball prize.

Powerball is played in 43 states, including California, as well as Washington D.C. and the U.S. Virgin Islands.

Since the Golden State joined Powerball in April, there have been more large jackpots.

In order to win the Powerball, players must match five numbers plus one Powerball number.

The odds of winning the jackpot are about one in 175 million.

What would you buy if you won the jackpot? Click here to submit your vote.

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