No Powerball winner; jackpot hits $475M

No Powerball winner; jackpot hits $475M

Credit: AFP/Getty Images

A Powerball lottery ticket for the estimated record 425 million USD jackpot prize, Powerball's biggest winnings ever, is seen in a convenience store in Washington on November 26, 2012. The previous drawing resulted in no winner, setting up for the record setting prize when numbers will be drawn on Wednesday. Tickets are sold in 42 US states, Washington, DC, and the US Virgin Islands. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)

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by Associated Press

NWCN.com

Posted on May 16, 2013 at 9:58 AM

Updated Thursday, May 16 at 10:11 AM

DES MOINES, Iowa (AP) — So you didn't win Wednesday's $360 million Powerball jackpot? Make that you and everyone else.

A message early Thursday on the multistate lottery's website said the jackpot has soared to $475 million after no tickets matched the winning numbers in Wednesday night's drawing.

The winning numbers drawn Wednesday night: 2, 11, 26, 34, 41 and a Powerball of 32. The next drawing will be held Saturday.

Wednesday's jackpot was considered the third largest in Powerball history and the seventh largest overall.

Lottery officials expect jackpot totals of this size to continue to climb in shorter amounts of time, thanks in part to a game redesign in January 2012 that increased the odds of winning some kind of prize, but also lowered the possible number combinations to win the Powerball.

There's also "cross-selling" of Powerball and Mega Millions tickets — states being able to sell both Powerball tickets and Mega Millions tickets — that began in January 2010. As a result, large jackpots will continue to surpass all-time jackpot records set years ago, said Mary Neubauer, spokeswoman for the Iowa Lottery. Iowa is one of the founding Powerball states.

"It usually took a handful of months, if not several months, for a jackpot to reach this large amount," she said. "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."

The redesign means players don't necessarily have to strike big to get lucky. A $1 increase and new $1 million and $2 million prizes means the odds of winning something have increased. Just last Saturday, there was no Powerball jackpot winner, but more than a dozen tickets won $1 million prizes in 10 states.

In fact, more than half of the all-time jackpot records have been reached in the last three years. The top two all-time jackpots — $656 million from a Mega Millions jackpot and $587.5 million from a Powerball jackpot — were achieved in 2012.

The last major jackpot 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.

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