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Monday, November 26, 2012

Powerball lottery jackpot jumps to record $425 million for Wednesday's drawing

People lined up for Powerball tickets Saturday, the fourth largest Powerball in history. NBC's Thanh Troung reports.

By NBC News staff and wire services

DES MOINES, Iowa -- No one won a $325 million Powerball lottery prize on Saturday night, so the jackpot will jump to a record $425 million for the next drawing -- and possibly higher.

The winning numbers were 22-32-37-44-50 with Powerball 34, according to the Powerball lottery's website. There were 10 winners of $1 million and one winner of $2 million.

Iowa Lottery spokeswoman Mary Neubauer said the jackpot for Wednesday's drawing could go even higher than the estimated $425 million because sales pick up in the days before record drawings.

"We'll watch sales to see if an adjustment upwards needs to be made," she said. The cash payout would be be a record $278.3 million.
Saturday's estimated $325 million jackpot was the fourth-largest in the game's history. 

The previous highest Powerball prize was $365 million, won in 2006 by eight ConAgra Foods workers on a single ticket in Lincoln, Neb.

Powerball has not had a jackpot winner for two months.

The Powerball lottery is held in 42 states, the District of Columbia and the U.S. Virgin Islands.

In March, three winning tickets shared the largest U.S. lottery jackpot, the $656 million Mega Millions drawing.

The prospect of a big payoff had pulled in Black Friday shoppers in many cities.

Chicago resident Clyde Gadlin, 65, emerged from the bustle of holiday shoppers on Chicago's Michigan Avenue, to stop in at a 7-Eleven to buy his daily batch of Lottery tickets, including Powerball.

For him, the game is a chance to dream — a single winner's cash payout would be nearly $213 million before taxes — and he tries not to let the long odds burst his bubble.

The current jackpot is the fourth largest in the game's history, with chances of winning at about one in 175 million. Many dream of winning it big and hope they will be that lucky someone with the golden ticket. NBC's Mark Potter reports.

Lottery officials say they're unsure what effect Thanksgiving and beginning of Christmas shopping season will have on sales, which normally pick up in the days before high-dollar drawings.

Gadlin said that if he won, he would return to his grandfather's farm in Heidelberg, Miss., where he spent part of his childhood.

"I would go down there again and probably do a little bit of farming," he said, recalling the roaming deer and 380 acres of potatoes, corn, watermelons and sugar cane. Gadlin hasn't been there for more than 20 years.

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