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Strong Lottery Ticket Sales Sends Powerball Jackpot Soaring To $800M

LOS ANGELES (CBSLA/AP) — The record Powerball jackpot just got bigger, climbing to $800 million as sales soared in the days leading up to the drawing.

Gary Grief, executive director of the Texas Lottery, says officials with the Multi-State Lottery Association on Friday raised the estimated jackpot for Saturday night's drawing from $700 million because of strong sales.

Grief says Powerball sales on Thursday were double the previous record for that day and that it's possible the estimated jackpot could rise again before the drawing.

A winner would have the option of being paid $800 million through annual payments over 29 years or opting for $496 million in cash.

Powerball is played in 44 states as well as the District of Columbia, U.S. Virgin Islands and Puerto Rico. Tickets cost $2. The record previous record jackpot reached $590 million in May 2013.

For the latest on jackpot information (including amounts, how and where to play), click on the California Lottery website.

(TM and © Copyright 2016 CBS Local Media, a division of CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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