Powerball jackpot rises to $500million with next drawing on Wednesday

The Powerball jackpot has not been won since July 19, when a lucky player in California won $1.08 billion, the lottery's third-largest payout ever. Powerball has gone 23 draws in a row without a ticket matching the six numbers selected. The jackpot was reset Monday night after no slip matched the five white balls and the red Powerball 5.

The expected jackpot for tomorrow night's drawing is $550 million, with a one-time payment option of about $266 million. Both figures are exclusive of federal and perhaps state taxes.
 
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