Record Powerball jackpot boosted to $500M

    The record Powerball jackpot is now even bigger.

    Powerball officials say they’ve boosted the jackpot for Wednesday’s drawing to $500 million from the previously posted $425 million.Huge ticket sales nationally are pushing the payout higher.

    A single winner choosing the cash payout will take home $327 million before taxes.

    Record jackpots encourage players who usually sit on the sidelines to play and group purchases from work pools increase.

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    The jackpot is the largest ever for the Powerball game and the second largest lottery jackpot of all time, eclipsed only by the $656 million Mega Millions record set in March.

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