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Powerball jackpot at $550 million

CHICAGO, Nov. 28 (UPI) -- Lottery dreams helped boost the jackpot for Wednesday's Powerball drawing to a record $550 million, but the odds of winning remain 1-in-175 million.

The grand prize was increased from $500 million to $550 million as the pace of sales increased before the drawing. Powerball is played in 42 states, the District of Columbia and the U.S. Virgin Islands.

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The new jackpot would be worth $360.2 million cash to a single winner, the lottery said on its website.

"Typically, 60 percent of sales occur the last day, "Chuck Strutt, executive director of the Multi-State Lottery Association told USA Today.

He estimated ticket sales would average 6.3 million a hour before the drawing at 10:59 p.m. EST.

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