With no winner, Powerball jackpot hits record $425M - WNEM TV 5

With no winner, Powerball jackpot hits record $425M

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DES MOINES, Iowa (AP) -

Lottery officials say nobody has won the Powerball jackpot and the top prize will now increase to about $425 million for the next drawing, the largest jackpot ever for the game.

Iowa Lottery spokeswoman Mary Neubauer said sales were strong over the holiday week for Saturday's drawing, which was estimated at $325 million before the numbers were picked. That was the fourth-largest jackpot in the game's history.

Right now the cash prize stands at $278 million after taxes.

Neubauer says the jackpot for Wednesday's drawing could go even higher than the estimated $425 million because sales pick up in the days before record drawings.

The previous top Powerball prize was $365 million, won in 2006 by ConAgra Foods Workers in Lincoln, Neb.

The Powerball numbers for Saturday were 22-32-37-44-50, and the Powerball was 34.

When the new numbers are drawn Wednesday, tune in to WNEM TV5 News at 11 p.m. to see those digits.

Lotto officials say over 97 cents of every dollar spent on Lottery tickets is returned to the state in the form of contributions to the state School Aid Fund, prizes to players and commissions to retailers.

In fiscal year 2012, the contribution to schools was a record $778.4 million. Since its inception in 1972, the Lottery has contributed over $17 billion to education in Michigan.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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