DES MOINES, Iowa – After nearly three months without a grand-prize winner, the Powerball jackpot has climbed to $422 million.
If anyone matches the five balls and red Powerball in Wednesday night’s drawing, it will be the game’s first jackpot winner since May 7.
A jackpot winner could opt for a $422 million annuity paid out over 29 years or a $291 million lump sum. The prize would rank as the nation’s 11th largest.
The chance of winning Powerball is 292.2 million-to-1. Players have much better odds, about 1 in 25, of winning smaller prizes ranging from $4 to $1 million.
The big Powerball jackpot comes just a couple weeks after the winners of the largest lottery prize in California history finally came forward to claim their winnings.
Marvin and Mae Acosta from Chino Hills bought a Powerball ticket worth up to $528 million.
The California couple took six months to come forward because they wanted to prepare for the life-changing windfall in private.