U.S. Powerball rises to $400 million

According to the Multi-State Lottery Association, after no one picked the six winning numbers in Saturday night’s drawing, the jackpot for the next Powerball drawing rose to approximately $400 million dollars.

The next drawing will be on Wednesday night, and the odds of winning are 1 in 175 million. The jackpot is valued at $400 million if paid in 20 annual payments or $230.3 million in a lump sum.

The largest single-winner Powerball jackpot of $590.5 million was claimed by an 84-year-old Florida woman who chose a lump sum amount of$371 million rather than the 30-year option.

The largest jackpot in U.S. history stands at $656 million, which was won in the Mega Millions lottery in March 2012.