$625M jackpot at stake in upcoming Powerball drawing

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DES MOINES, Iowa (AP) — Lottery officials say the Powerball jackpot has climbed to an estimated $625 million.

The jackpot on Saturday would be the seventh-largest in U.S. history, with an estimated lump sum payout of $380.6 million before taxes.

The odds of winning are extremely long, at 1 in 292.2 million, but they do get beaten.

The buyers of three tickets shared the country’s largest jackpot: a nearly $1.59 billion Powerball prize drawn on Jan. 13, 2016. A South Carolina purchaser won a $1.54 billion Mega Millions jackpot, which marked the nation’s second-largest lottery prize ever.

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