What an Iowa Powerball winner means for the state - KWWL - Eastern Iowa Breaking News, Weather, Closings

What an Iowa Powerball winner means for the state

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(KWWL) -

Tonight's Powerball Jackpot is another record breaker. It's at $1.5 billion and could grow even more before the drawing.

An Iowa winner could be a big boost for the state's budget. If the winner took the cash option, the state would get $47 million in taxes.

Even without a winner, the state is making money from record sales.

"For every dollar you spend on lottery tickets in Iowa, about 25 cents goes to state causes, so that money is making a difference already," Mary Neubauer, of the Iowa Lottery

Powerball sales in Iowa last week totaled $12.7 million, breaking the previous record of $9.4 million in 2001.

You can watch the drawing tonight on the KWWL News at 10.

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