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Powerball jackpot rises to $375 million, largest in nation

 
The jackpot is now at $375 million, making it the largest jackpot in the nation. [Associated Press file photo]
The jackpot is now at $375 million, making it the largest jackpot in the nation. [Associated Press file photo]
Published June 5, 2017

If you are holding out on buying Powerball tickets, you may want to reconsider. The jackpot is now at $375 million, making it the largest jackpot in the nation.

The jackpot was $337 million for Saturday's drawing, but after no one picked the lucky numbers, the jackpot rose $38 million.

Tickets must be purchased by 10 p.m. Wednesday to be in the running for the next drawing, which will be at 10:59 p.m. that night.

The odds of winning the multi-million dollar jackpot is about one in 292 million, according to the Powerball website.

There are smaller cash prizes of up to $2 million, however, that can be won by matching any of the non-jackpot-winning numbers.

If you buy tickets for this drawing, lottery officials encourage you to sign the back of your ticket and keep it in a safe place.

The Powerball jackpot has rolled 18 times since the April 5 drawing and has generated more than $27.8 million in contributions to the Educational Enhancement Trust Fund.

Jackpot prizes are paid in 30 annual installments or as a one-time, lump-sum payment. Winners have 180 days from the drawing to claim their prize, and 60 days to receive the cash option, which would be an estimated $235.4 million.