Powerball jackpot rises to $550 million

Photo Credit: File

First Update (11/28/12)
The jackpot has risen to $550 million dollars as of Tuesday afternoon.

Initial Story (11/27/12)
Georgia Lottery officials announced Tuesday that the Powerball jackpot has increased from $425 million to $500 millon dollars as a result of increased ticket sales.

"The Powerball jackpot has soared to a record amount, which is exciting for players and important for the educational programs we fund," said Georgia Lottery Corporation President and CEO Debbie D. Alford. "Georgia Lottery players have a chance to win big, and the students of Georgia certainly win big with every ticket purchased."

The $500 million Powerball jackpot is the second largest in Georgia Lottery history behind the historic world record $656 million Mega Millions jackpot in March.

According to Georgia Lottery officials, ticket sales in Georgia topped $4.5 million by 8 PM Tuesday night and sales up $21,000 Monday to Monday.

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