Powerball jackpot grows to $400 million for Wednesday's drawing
The nationwide Powerball frenzy is kicking up yet again, as the jackpot has grown to $400 million after no player had the winning ticket in Saturday night's drawing, which reached $317 million.
The still-increasing jackpot will offer a cash-option value of at least $225 million on Wednesday's drawing, lottery officials said.
As typically happens when jackpots swell to such high amounts, the prize is expected to grow even bigger, as more people hoping to nab the $400 million-plus payday buy tickets.
Powerball grabbed headlines across the country just last month, when a group of 16 New Jerseyans won a $448 million jackpot. Each person took home about $3.8 million after taxes.
The highest jackpot in Powerball's history came in May, when a Florida woman won the $590 million prize. She opted for the cash payout, taking home a lump sum of $331 million. The odds of winning the jackpot are 1 in 175 million.