Strong sales raise Powerball jackpot to $500 million

DES MOINES, Iowa (AP) — Officials say the Powerball jackpot has risen to an estimated $500 million, which would make it the fifth largest lottery prize in U.S. history.

The lottery raised its jackpot estimate hours before Wednesday

>>Photos: What you could buy with $500 million

No one has won the Powerball jackpot for more than two months, so the prize has been growing gradually from its $40 million starting point.

It’s been nearly a year since a Powerball prize topped $400 million

Powerball is sold in 44 states as well as Washington, D.C., the U.S. Virgin Islands and Puerto Rico.

The chance of winning a Powerball jackpot is about 1 in 175 million.

 

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