National News

Nov 23, 2012 6:41 PM by CJ, The Associated Press

Powerball jackpot builds to $325M for Saturday

DES MOINES, Iowa (AP) - Chicago resident Clyde Gadlin says Saturday's $325 million Powerball drawing gives him a chance to dream.

The 65-year-old stopped Friday at a 7-Eleven on shopper-swarmed Michigan Avenue to buy his daily batch of lottery tickets, including Powerball.

The jackpot is the fourth-largest in the game's history. A single winner's cash payout would be nearly $213 million before taxes.

Powerball jackpots have increased more rapidly since the price doubled to $2 in January.

Gadlin says if he wins, he'd move back to his grandfather's farm in Mississippi where he spent part of his childhood. He hasn't been there for more than 20 years.

Powerball organizers say this is the first run-up to a large jackpot that's fallen over a major holiday. They're unsure whether it will help or hinder sales.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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