Powerball jackpot balloons to $360 million

A lucky winner may take home one of the Powerball's largest jackpots on Wednesday night as the prize rose to an estimated $360 million dollars.

That makes it the third largest Powerball jackpot in a decade. Lottery officials have said that such stratospheric payouts will become more common as a result of a redesign in January of 2012. Those changes were intended to produce bigger jackpots faster, and raised the price of a ticket to two dollars.

“It usually took a handful of months, if not several months, for a jackpot to reach this large amount,” Iowa Lottery spokeswoman Mary Neubauer told the Associated Press. “Now it’s achieving that within a handful of weeks. I think the redesign is achieving exactly what we had wanted it to achieve, which is the bigger, faster-growing jackpot.”

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New Jersey resident Pedro Quezada won the fourth largest prize in March, taking home a $338 million jackpot.

And while odds of getting rich quick remain slim, more players are likely to take home a smaller prize. Samantha Netterville of Woodville, Miss. claimed a $1 million prize after the drawing on May 11.

For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

The Associated Press contributed to this report.

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