Powerball jackpot reaches $425 million
The Powerball jackpot has swelled to a whopping $425 million, the third-highest total ever.
The prize, which could be claimed as soon as Wednesday, hasn’t yet surpassed the record $590.5-million jackpot claimed in May by an 84-year-old Florida woman. But behind that prize and a $587-million winning split by two players in November 2012, the midweek jackpot stands as the third-largest Powerball jackpot ever and the fourth-largest lottery prize on record.
If Wednesday’s jackpot stays at $425 million, a single winner choosing the cash payout would collect $244.7 million.
An overhaul to the Powerball game last year has helped boost recent winnings, New York state lottery spokesperson Carolyn Hapeman said. Powerball ticket prices doubled from $1 to $2 in January 2012, the odds of winning improved for players, and jackpots now start at $40 million, instead of $20 million.
The jackpot is won when a winner draws six numbers that match all six numbers randomly selected in the lottery.
Winnings for second prize, awarded when a player matches the first five numbers, also ballooned from $200,000 to $1 million as part of last year’s Powerball makeover. In New York, three people have already claimed $1 million each from the current game, Hapeman said.
She said there’s also a million-dollar winner who bought a Powerball ticket in Westchester County, N.Y. last year and still hasn’t collected. Hapeman said the prize would expire near the end of August.
The Latinx experience chronicled
Get the Latinx Files newsletter for stories that capture the multitudes within our communities.
You may occasionally receive promotional content from the Los Angeles Times.