Powerball jackpot climbs to $500 million

Powerball jackpot climbs to $500 million

(AP/WVUE) - The Powerball jackpot has climbed to a whopping $500 million, making Wednesday night's drawing the fifth largest prize in U.S. history.

It's been more than two months since someone won the Powerball jackpot. The prize has been gradually growing from its $40 million starting point.

Because of strong sales, lottery officials Wednesday raised the estimated jackpot from $485 million to $500 million.

Lottery officials are quick to point out that the game is for fun and a chance to dream. They note the chance of winning a Powerball jackpot is about 1 in 175 million.

Powerball revenue has been down slightly during a drought of jackpots, but officials say this big prize has caused sales to surge.

You can watch the Powerball drawing on FOX 8 Wednesday night during FOX 8 News at 9.

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