Powerball jackpot up to $550 million, drawing on Wednesday

Itâ??s a record Powerball jackpot - $550 million, and it's up for grabs in tonight's drawing.

Lottery fans flocked to Mid-Michigan party stores and gas stations to get their hands on a potential winning ticket. Lottery officials say tickets are selling at a rate of 130,000 a minute nationwide, about six times the volume from a week ago, so the jackpot could climb even higher before the drawing.

â??If I were to win it, I would donate a lot to my fraternity and do what I can to rebuild the community," Ryan Elder of Grand Blanc said.

There have been 16 consecutive drawings without a winner, but Powerball officials say there's a 75 percent chance someone will hold the winning numbers this time.

The drawing takes place at 10:59 ET.

Click here to see the winning numbers.