Powerball’s jackpot climbs to over $570 million

PPowerball’s jackpot increased to $575 million after no winners were drawn for Monday night’s $540 million prize.

Wednesday’s jackpot will have an estimated cash value of $409.3 million, according to Powerball officials.  

Monday’s jackpot had increased after no qualifying tickets were drawn for the prize on New Year’s Day. The jackpot has grown for almost three months and 38 drawings, without any tickets matching the numbers drawn.

The last winner was on October 4, taking home $699.8 million, the seventh-largest jackpot in Powerball history. To enter the top 10, a jackpot has to reach more than $648 million.

Jackpot winners can choose to receive full payment of the prize or 30 payments over the course of 29 years, with each payment increasing by 5 percent.

Powerball tickets cost $2. To win the jackpot, players must match all 5 drawn numbers and the Powerball ball number.

Around 1 in 292 million players have a chance of winning a prize, according to Powerball. Powerball can be played in 45 different states, including D.C., Puerto Rico, and U.S. Virgin Islands.