Winning tickets sold in $580M Powerball jackpot

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Powerball officials say the record jackpot has been won. Early Thursday morning officials confirmed that two winning tickets were sold: One in Arizona and one in Missouri. An additional 8,924,123 players won smaller prizes.

The numbers drawn Wednesday night are: 5, 16, 22, 23, 29 and Powerball of 6.

A lottery official said late Wednesday that the jackpot increased to $579.9 million by the time of the drawing, making the cash option $379.8 million.

The drawing Wednesday night for the Multi-State Lottery Association's prize followed 16 consecutive drawings that produced no top winner, boosting the Powerball to the second-largest potential lottery payout in U.S. history.

Tickets earlier Wednesday were selling at a rate of 130,000 a minute nationwide, the jackpot enticing many people who rarely, if ever, play the lottery.

Hoosiers take their chances

The high odds of winning the jackpot wasn't enough to stop millions of Americans from buying a ticket.

This is new territory for Joyce Mize, buying her first lottery ticket. The temptation of $550 million is even too much for her and she is very aware the odds are not stacked in her favor.

"The odds of getting struck by lightning are better, or other disasters, or even landing on the moon," Mize said.

The odds that the ticket in her hand will be the winner are 175 million-to-one, odds she is willing to accept for a $2 bet. According to the night manager of The Dinner Bell, a lottery ticket buying hot spot on the near south side, thousands of people are taking the same bet.

Tom Martin, following orders from his wife, spread his odds all over central Indiana.

"She said you are gonna be in a lot of small towns today and it seems like they hit in small towns, so...I drive a truck," said Martin.

Martin is hoping his pocket full of tickets will be the ticket to retirement.

"It scares me. I really don't what to do with it if I put that kind of money in the bank," said Martin.

His fears are well founded. Lottery winners are twice as likely to file bankruptcy, according to Vanderbilt University study of past winners. To beat the odds again, according Jeff Vogel of Investment Advisors in Carmel, lottery winners need to make serious changes.

"They think they have more than they really do, they don't have the experience managing it and they spend more than they really have. They eventually spend it all. We worked with a lottery winner that did just that," said Vogel.

Slow down the spending and learn patience, says Vogel, "If investments are new to you and that kind of thing, it is important to get professional advice so you can sleep at night."

If the winner is in Indiana, they will have a few days to consider their first financial move. It takes 10 working days for the Hoosier Lottery to collect all of the money from the other states.

(The Associated Press contributed to this story.)