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Powerball Jackpot Reaches $360 Million

powerballTonight’s Powerball jackpot has ballooned to the seventh largest jackpot in history, currently at $360 million.

Lottery officials say the cross-selling of Powerball and Mega Millions tickets, and a game redesign last year have boosted jackpots and increased the odds of at-least winning something.

An Iowa Lottery spokesperson says the large jackpots are the new normal.

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

The largest jackpot was split by a winner in Arizona and a winner from northwest Missouri last November. The Dearborn couple and the Arizona winner split the $587 million jackpot.  The Dearborn couple won the 27th Powerball Jackpot awarded to Missouri Residents.

Last December, A Johnson County Kansas Couple won a $50 million jackpot.

The latest drawing is scheduled Wednesday night. It has a $229.2 million cash value.

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