Record Powerball jackpot awaits: $425 million - Tucson News Now

Record Powerball jackpot awaits: $425 million

TUCSON, AZ (Tucson News Now) -

Wednesday's jackpot for the Powerball multi-state lottery is the biggest ever offered in the history of the game.

The $425 million grand prize carries a lump-sum cash option of $278.3 million before taxes.

According to the Multi-State Lottery Association, Arizona placed third in the nation for the increase of Powerball sales for the last draw Saturday night.  

The jackpot has rolled over 15 times without a winner.  During that time, the Multi-State Lottery Association says there has been a $1 million winning ticket in Arizona and 13 $10,000 winning tickets. The $1 million winning ticket was purchased at a Fry's Food Store in Gilbert and claimed Monday morning by a winner who wished to remain anonymous.

If nobody hits Wednesday's jackpot, the grand prize will climb to more than half a billion dollars.

The MegaMillions lottery game -- which is played in Arizona and several other states -- holds the record for the biggest payout in U.S. history.  Three winners shared a $640 million jackpot last June.

The record jackpot comes as Powerball wraps up its first year under a new $2 price to play, which was designed to help jackpots grow bigger and faster.

KOLD News 13 is your official lottery station.  You can see the winning numbers on KOLD News 13 Live at 10 Wednesday night!

Copyright 2012 Tucson News Now. All rights reserved.

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