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Powerball jackpot bumps up to $550 million

Updated: Wednesday, 28 Nov 2012, 3:20 PM EST
Published : Wednesday, 28 Nov 2012, 3:10 PM EST

WEST LAFAYETTE, Ind. (WLFI) - It seems this week’s record-setting Powerball is feeding on itself – with more people buying tickets, the jackpot increases. And as the jackpot increases, more Hoosiers think they’ll get lucky and buy tickets.

Multi-State Lottery Association (MUSL) officials have raised Wednesday night’s Powerball jackpot estimate to $550 million, up from $500 million earlier in the day.

The cash option is $360.2 million.

You have until 9:58 p.m. Eastern Wednesday to purchase tickets and get your shot at the biggest Powerball jackpot in history.

$550 million is the second-largest lottery jackpot ever in North America. The No. 1 jackpot was the Mega Millions jackpot in March.

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