Posted on November 28, 2012 at 12:20 PM
Wednesday, Nov 28 at 4:15 PM
UPDATE: The Associated Press reports that the record Powerball jackpot has risen to $550 million.
AUSTIN -- Tickets are selling fast for the record $550 million Powerball drawing.
The odds aren’t in your favor. Experts say you have about a one in 175 million chance, but that’s not stopping hundreds of thousands from taking a shot at the record lottery.
Throughout Wednesday morning people have been going into convenience stores and paying out $2 for a chance at the jackpot. Each person is hoping the numbers that print out will offer a new future, padded with lots of cash.
With each purchase, the jackpot grows. According to the Texas Lottery Office, the cash value will top at about $360.2 million. It’s the largest Powerball jackpot in history.
Ticket holders are already brainstorming what they’ll do if their ticket matches the numbers that come down Wednesday night.
“So first take care of all that I need to, all of the bills, get solid with houses and stuff and then I'd have time to get back into my art. It'd be awesome,” said Alejandro Nieri. “I don't think I could stop working, but I'd at least have time to focus on, you know, I went to school for art so it'd be awesome to get back into it.”
The executive director at the Texas Lottery says ticket sales on Monday in Texas alone peaked at more than $3.1 million, 577 percent more than on Monday the week before.
Ticket sales are going up because the jackpot keeps growing. It started off at just $40 million, but after rolling over 15 times, it’s grown to the $550 million prize going out on Wednesday.
Tickets can be purchased throughout the day up until 9 p.m. for the Powerball. Results will be announced on KVUE News Nightbeat starting at 10 p.m.