Watch Powerball drawing tonight on Local 4

Published On: Nov 28 2012 04:56:00 PM EST
Updated On: Nov 28 2012 05:41:25 PM EST

Watch the $550 million Powerball drawing on Local 4 News at 11 p.m.

DETROIT -

Are you holding the winning ticket to tonight’s historic $550 million Powerball jackpot?

You can find out Wednesday night by watching the drawing live on Local 4 News at 11 p.m.

A winner taking the cash option would get $360.2 million before taxes. The numbers are an estimate and could be increased again as the drawing nears.

Powerball officials say they now believe there is a 75 percent chance that the winning combination of numbers will be drawn.

Lottery officials say tickets are selling at a rate of 130,000 per minute nationwide. That's about six times the volume from a week ago. So, the jackpot could climb even higher before tonight's drawing.

There have been 16 consecutive drawings without a winner.

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