Powerball jackpot sets new record

The Powerball lottery is offering its highest jackpot ever.

The prize increased by another $50 million Friday—now at a whopping jackpot of $600 million—as players continued to buy $2 tickets for a chance to strike it rich.

A single winning ticket with the cash payout option would be worth an estimated $376.9 million.

The next drawing is Saturday night.

Powerball's previous record jackpot was $587.6 million, a prize split between winners in Arizona and Missouri in November.

The highest jackpot in U.S. lottery history, $656 million, still belongs to the Mega Millions prize shared among three winning tickets sold in Kansas, Illinois and Maryland in March 2012.

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