By Mischa Arnosky
No one has won the Powerball jackpot for several weeks … so Wednesday night’s jackpot has worked its way up to an estimated $400 million annuity, with a cash option of about $223.6 million, according to the Pennsylvania Lottery.
To win the jackpot, a player has to correctly match five white balls, which are picked out a drum containing 59 balls, and one red ball, which is picked out of a drum containing 35 balls.
The odds of that happening? About one in 175.22 million. The odds of winning the next highest prize, $1 million, by correctly selecting all five white balls, are about one in 5.2 million. And the odds of winning any prize, including a lowly $4 prize, are about one in 32. Tickets cost $2.
Should a player opt for the annuity, he or she will receive it in 30 payments over 29 years, according to the Powerball website.
The drawings happen on Wednesday and Saturday at 10:59 p.m.. Ticket sales for that drawing end no later than 10 p.m.; check with your local retailer to find out its cutoff policy.
To find a retailer, visit the Pennsylvania Lottery’s retailer search here.