Powerball jackpot swells to $550 million

Author:
Updated:
Original:

In a timely development for gas station and convenience store operators, the Powerball lottery jackpot has soared to $550 million. That means many grumpy gas buyers, irked by a dramatic price increase in Minnesota this week, will be flocking to stores anyway for a 1-in-175 million chance of hitting the grand prize. The next drawing is Saturday night.

A $550 million jackpot would be the second-highest in the history of the game and third largest overall, ABC News reports. If a winner took the cash option, it could come out to about $350 million.

The latest jackpot also has the potential to break the record for largest jump between drawings, according to the Associated Press. That still belongs to a Powerball jackpot in November 2012, when the jackpot jumped $260 million to reach the all-time Powerball jackpot record of $587.5 million.

The last big Powerball winner was Pedro Quezada of New Jersey, who claimed a $338 million prize in March.

NPR reports that jackpots have been getting bigger in part because ticket prices recently doubled from $1 to $2.

Powerball tickets are sold in 43 states, including Minnesota.

Meanwhile this week, a Moorhead couple is looking forward to a comfortable retirement after winning a $1.4 million Gopher 5 jackpot.

Next Up

protest, chauvin, george floyd

Walz: Demobilization of troops, police to happen 'as quickly as possible'

It's unclear just when troops and police will pull out of the Twin Cities.

Screen Shot 2021-04-20 at 5.33.13 PM

'The first step towards justice': AG Ellison calls for change after Chauvin conviction

Ellison's office led the prosecution of the former Minneapolis police officer.

chauvin

Derek Chauvin guilty on all counts in George Floyd's death

Chauvin was charged with second-degree murder, third-degree murder and second-degree manslaughter.

Screen Shot 2021-04-20 at 4.13.07 PM

LIVE UPDATES: Reaction as Derek Chauvin is found guilty on all counts

We bring you the latest reaction after the verdict in the Derek Chauvin trial.

Derek Chauvin

Watch live: Verdict in Derek Chauvin murder trial

The verdict will be announced between 3:30 p.m. and 4 p.m. Tuesday, April 20.

derek chauvin court - closing arguments

Verdict reached in Derek Chauvin murder trial

A verdict will be read Tuesday afternoon.

logan olson gofundme

18-month-old boy who nearly drowned welcomed home with police escort

Logan Olson was found in a retention pond in Stewartville on April 7.

covid, vaccine

Is Minnesota's latest surge plateauing? Expert says 'no idea'

Hospital admissions have leveled off in the past week, though ICU cases have risen.

Related

No Powerball winner again, as jackpot swells to $750M

It's that time again to throw away money on a 292 million-to-1 chance.