Powerball Jackpot Reaches Record $550 Million

TRENTON – The jackpot in tonight’s Powerball drawing is worth an estimated $550 million, or $360.2 million if the winner elects to take a one-time cash payout instead of an annuity paid over 29 years. The record jackpot could still increase as people buy tickets today.

“Buy your tickets before the game closes on Wednesday around 10 p.m.,” advised New Jersey Lottery Executive Director Carole Hedinger, adding that this “is an opportunity that does not come around often.”

A group of eight Lincoln, Neb. co-workers won the previous record Powerball jackpot – $365 million – in 2006.

The New Jersey Lottery network of more than 6,500 retailers across the state sold more than $14.7 million in Powerball tickets for the Nov. 28 draw as of noon today.

In the Saturday, Nov. 24 drawing, two New Jersey Lottery players won the $1 million second prize and four New Jersey third prize winners of $10,000 each.

The winning numbers for the Nov. 24 drawing were: 22, 32, 37, 44 and 50. The Red Power Ball number was 34.

One million dollar ticket was purchased at Blitz’s Market in Cape May Court House. The second was purchased at Ferry 99 Cents in Newark.

In addition to the two Garden State’s $1 million and four $10,000 winners of the Saturday, Nov. 24 draw, 110,066 other New Jersey players took home $520,362 in prizes ranging from $4 to $200, according to Hedinger.

Tonight’s drawing will be shown live on the New Jersey Lottery’s website, NJLottery.net, at 11 p.m.

The odds of winning the Powerball jackpot are 1 in 175,223,510; the odds of winning a prize are 1 in 31.85.

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