West Texans react to record-breaking $700 million Powerball jack - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

West Texans react to record-breaking $700 million Powerball jackpot

MIDLAND-ODESSA, TX (KWES) -

For the third time, no one has matched the numbers for the Powerball jackpot. Now, the newest prize amount is setting records.

Wednesday night's drawing did not bring any winners for the $500 million prize, which could have been paid over 29 years or as a lump-sum of $306 million.

In just a day, the prize has gone up to $700 million. That is the largest lottery prize in U.S. history.

Many West Texans plan to buy a ticket and are already thinking of what they will use the money for.

"Definitely college money for my kids and I'm going to retire. My wife and I are going to take some trips," said a Powerball player.

"That's fantasy land. If it happens, it happens. I'll share it with everybody. Get a hold of me. I'll give you some," said another player.

The amount could go up even more before the drawing on Saturday, but with the current prize, the winner would walk away with a lump-sum of $428 million after taxes.

The odds of winning the money are one in 292.2 million.

Copyright 2016 KWES. All rights reserved.

Powered by Frankly