Powerball's $500 million? An exaggeration

NEW YORK (CNNMoney) — The likelihood of someone winning $500 million in Powerball lottery on Wednesday night, February 11th is very slim. And that's not just because of the odds of winning are 175 million to one.

$221 million: The jackpot in Indiana's most recent Powerball win in 2011. The ticket was sold in Clarksville and shared by Todd Reardon and Darin Fox, both of the Southern Indiana city. • 4,000+: Number of Hoosier Lottery retailers that sell Powerball

In 2006, when rates were a lot higher, Wednesday's $500 million Powerball jackpot would have been worth $765 million, a record. Vinh Nguyen, who bought a winning Powerball ticket in September in San Mateo, Calif., did take the $228 million annuity prize.

It is the third-largest Powerball jackpot in the history of the multi-state game,” Lottery officials said in a statement about the estimated prize that stood at $485 million Tuesday night. “Last hit on November 29, 2014, this jackpot has been growing

MIAMI (CBSMiami) – With the next drawing of Powerball soaring to near-record heights, South Floridians are joining in the frenzy. In fact, the nationwide enthusiasm beefed up the jackpot from $485 million to $500 million Wednesday morning, hours ahead