UPDATE: Jackpot Grows to $550 million - News, Weather and Sports for Sioux City, IA: KCAU-TV.com

UPDATE: Jackpot Grows to $550 million

Posted: Updated:

By: Tim Seaman
tseaman@kcautv.com

UPDATE:

Iowa Lottery officials have upped the estimated Powerball jackpot for tonight's drawing.  The jackpot is now listed at $550 million with a cash payout of $360,200,000.  Tickets can be purchased until 8:59 PM.

 

By: Channel 9 Eyewitness News
news@kcautv.com

COLUMBIA, Mo. (AP) _ Visions of lifelong riches are surely dancing in the heads of those rushing to buy lottery tickets for Wednesday night's $500 million Powerball jackpot.  

Past winners of mega-lottery drawings and financial planners have some more sound advice: stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster.  

Tales of big lottery winners who wind up in financial ruin or other desperate straits are increasingly common.  

A two-time New Jersey lottery winner squandered her $5.4 million fortune. And a West Virginia man who won $315 million a decade ago on Christmas later said the windfall was to blame for his granddaughter's fatal drug overdose and his divorce.

AP-WF-11-28-12 0828GMT<

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