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Powerball Jackpot hits record $425 Million after no winner Saturday

Posted at 12:30 PM, Nov 25, 2012
and last updated 2012-11-25 12:32:05-05

The top prize now increases to an estimated $425 million, the largest in the history of the multistate lottery game. The next drawing will take place Wednesday.

No one hit the jackpot in the latest Powerball drawing, pushing the next prize of $425 million into the history books.

The prize for Saturday night’s Powerball was $325 million — the fourth-largest in the game’s history.

The top prize now increases to an estimated $425 million, the largest in the history of the multistate lottery game. The next drawing will take place Wednesday.

In 2006, the game handed out its largest prize to date — $365 million — to eight co-workers at a Nebraska meat-packing plant.

The Powerball is held in 42 states, the District of Columbia and the U.S. Virgin Islands.

The prize still has a ways to go to match the U.S. record payout of $656 million, set in March by a Mega Millions jackpot that was split between three winners.