Powerball Jackpot Third Largest Ever

DES MOINES, Iowa (May 14, 2013)--In just a few short weeks, the Powerball jackpot has ballooned to an estimated $360 million, making it the third largest Powerball jackpot and the seventh largest jackpot ever.

The cross-selling of Powerball and Mega Millions tickets, as well as a game redesign in 2012, boosted jackpots and increased the odds of winning some kind of prize, Iowa Lottery spokeswoman Mary Neubauer said.

She said large jackpots are the new normal, and she expects them to keep surpassing all-time jackpot records set years ago.

The last major win was in March.

A New Jersey man won a $338.3 million jackpot on March 23, which is now considered the fourth largest Powerball jackpot in history.

The next drawing is Wednesday night.

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