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Powerball Jackpot Reaches Near Record Level

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MIAMI (CBSMiami) – There are 320 million reasons why you might want to play the Powerball Lottery Wednesday night.

The jackpot has swelled to $320 million dollars, making it the game’s 4th largest jackpot ever.

If a single winner matches all five numbers and the Powerball and he or she chooses the cash option, the payout will be approximately $213.3 million before taxes.

See what $320 million can buy:

The Powerball record is $365 million, won in February 2006 by eight Nebraska food-plant workers.

If Powerball rolls over Wednesday night, kiss that record good-bye.

Folks in Florida and 41 other states will be vying for the prize and hoping lady luck will bring them the winning numbers.

The odds of winning any lottery prize is about 1 in 32, but the odds of winning the jackpot is about 1 in 175 million.

Powerball is played in 42 states, Washington, D.C., and the U.S. Virgin Islands.

If you’d rather try your luck at the Florida lottery, that jackpot now stands at $17 million.

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