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Powerball jackpot increases to a record half-billion dollars

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CINCINNATI - Powerball is shattering another record after it increased its jackpot to half a billion dollars Tuesday afternoon.

The jackpot was already at a record level at $425 million and increased to the half billion dollars with a cash option estimated to be $327 million for Wednesday's 11 p.m. drawing.

The increase came after no winners matched the numbers, which were 22, 32, 37, 44, 50 and Powerball 34.

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.

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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