The Powerball drawing on Wednesday night did not produce a grand prize winner for the $1.2 billion jackpot, with a cash option of $596.7 million.

The unclaimed jackpot will now climb to $1.5 billion, with a cash value of $745.9 million for the Saturday drawing. It will be the second-largest grand prize in Powerball history, coming in behind the Jan. 13, 2016 jackpot win, which was worth $1.586 billion.

The winning lottery drawing numbers from Wednesday were 2, 11, 22, 35, and 60, with a red Powerball of 23. The Power Play was 2X.

While there were no grand prize winners for the latest lottery drawing, players across the nation scored million-dollar prizes.

Sixteen ticket holders hit the Match 5 and each won a $1 million prize. However, three players from Arkansas, Montana, and New Jersey matched five white balls with the purchase of the Power Play for an additional $1 and bumped their prize up to $2 million.

Meanwhile, 189 players hit the Match 4 with the red Powerball and won $50,000 prizes. Another 49 ticket-holders hit the Match 4 plus the red Powerball, with a Power Play, doubling their winnings to $100,000.

More than 7.2 million tickets won prizes at all levels from the Wednesday night drawing, totaling $74.9 million.

Saturday's drawing will mark the 40th Powerball drawing since the jackpot was last won on Aug. 3 in Pennsylvania. If there are no grand prize winners, it will tie the Powerball record for the most consecutive drawings without a jackpot winner.

Powerball jackpot winners must match the six numbers on their ticket to the drawn six-number combination. Five numbers must be selected from 1 to 69 for the white balls, and a number is selected from 1 to 26 for the red Powerball.

Winners can select a lump sum payment or an annuity, which includes one immediate payment followed by 29 annual payments that increase by 5% each year.

The odds of winning the Powerball jackpot is a 1 in 292.2 million chance.
Powerball tickets are available for purchase in participating territories for $2 each.

The drawings for the game take place on Mondays, Wednesdays, and Saturdays and can be viewed on local networks.

Powerball tickets await players at Cumberland Farms convenience store May 10, 2004 in Washington Crossing, Pennsylvania. William Thomas Cain/Getty Images