It may not be the largest amount of prize money in history but the Powerball jackpot has reached $245 million for Wednesday night.
The $245 million jackpot grew from $203 million on Saturday because no one matched the six Powerball numbers, the thirteenth drawing in a row without winners. The winning numbers for Saturday night were 11, 16, 40, 51, 56 with 38 as the Powerball and the multiplier was five.
The odds of winning the $245 million Powerball jackpot for Saturday are about one in 195 million, with a one in five million chance of matching the five balls. However, the odds of winning any prize, not necessarily the grand jackpot, are about one in 35.
Drawn every Wednesday and Saturday evening, 44 states partake in the Powerball lottery game, which includes nearly 256 million participants nationwide. Players purchase tickets at a cost of $1 and have an option to purchase a Power Play multiplier for an extra dollar, which multiplies the non-jackpot prizes.
The Multi-State Lottery Association (MUSL) has noted that average weekly sales in Powerball games since its beginning in 1992 are $33.3 million, last recorded in April.
Since 1992, there have been 275 Powerball jackpot winners, which led to $10,021,850,852 in prize money awarded over almost two decades. The record jackpot was in February 2006, when workers from ConAgra Foods in Lincoln, Neb. won $365 million.
Though the Nov. 2 Powerball jackpot is not nearly as high as 2006's jackpot, the large jackpot of $245 million will undoubtedly attract some new hopefuls to the game.