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Officials estimate Powerball jackpot at $360M

7:49 AM, May 15, 2013   |    comments
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DES MOINES, Iowa -- The Powerball jackpot is climbing again, and fast.

In just a few short weeks, the jackpot has ballooned to an estimated $360 million, making it the third largest Powerball jackpot and the seventh largest jackpot ever.

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Iowa Lottery spokeswoman Mary Neubauer says the "cross-selling" of Powerball and Mega Millions tickets, as well as a game redesign in 2012, boosted jackpots and increased the odds of winning some kind of prize.

She says large jackpots are the new normal, and she expects them to keep surpassing all-time jackpot records set years ago.

The last major win came when a New Jersey man won a $338.3 million jackpot on March 23. It is now considered the fourth largest Powerball jackpot in history.

The next drawing is Wednesday night.

(Associated Press)

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