Powerball Jackpot at Record High

By Lorne Fultonberg

Powerball Jackpot at Record High

November 26, 2012 Updated Nov 27, 2012 at 1:28 PM EST

(WBNG Binghamton) The Powerball jackpot has never been higher. Matching five numbers and the Powerball could net you $425 million.

This is the first time that the game's jackpot has been more than $400 million, according to the New York Lottery.

The current game started at $40 million dollars on October 6. Since then, the jackpot has rolled over 15 times.

The previous largest prize was in 2006 when eight people in Nebraska split a $365 million pot.

To win, players have to match five numbers from 1-59 and a Powerball number from 1-35. The odds of winning it all? Longer than one in 175 million.

Your odds of matching all five numbers are significantly better--about 1 in 5 million--but doing so only nets you $1 million.

A $425 million dollar jackpot has a cash payout of $278 million dollars, according to the Powerball website.

You can purchase your ticket until 9 p.m. Wednesday.

You can watch the drawing Wednesday live at 11 p.m. on WBNG.

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