Powerball Swells to $475 Million

Hoosier Lottery

The Powerball jackpot has swelled to $475 million, begging the question: “What would you do with the money?”

A Fort Wayne man came close to winning the jackpot but didn’t match the Powerball number in the May 11 drawing. Robert Kincaid was one of 16 players across the nation to match the first five numbers and won a cool $1 million, and now people are heading to convenience stores to purchase tickets in the hopes of catching that massive jackpot.

Kincaid said he’ll be sharing the money with his children and grandkids before putting some of it away. Of course, he’ll also splurge a bit as he plans to purchase a new, fully-loaded Toyota Tundra.

Saturday night’s nearly half-a-billion dollar jackpot is the second largest Powerball jackpot in the history of the game and the third largest jackpot ever available in North America.

Lottery players in the United States have had a chance to win more money than this only two other times – in November 2012 when Powerball swelled to $587.5 million before being hit in Arizona and Missouri and in March 2012 when the Mega Millions jackpot climbed to $656 million before being hit in Maryland, Illinois and Kansas.

Since its inception in 1989, the Hoosier Lottery has produced more than $4.2 billion for the citizens of Indiana, $1 billion in commissions and bonuses for participating Indiana retailers, and has paid out more than $8.9 billion in player prizes.