TIME Lottery

Powerball Jackpot Will Reach Estimated $400 Million

Powerball Lottery Reaches Third Highest Jackpot
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The new grand prize is at its highest since Sept. 2013

The Powerball lottery jackpot will grow to an estimated $400 million after nobody won the $334 million grand prize in the latest draw on Saturday.

The value for the next draw on Wednesday is at its highest since September 2013. Powerball posts the value of the upcoming jackpot on its website and says the odds of winning the grand prize are close to 1 in 300 million.

Individual tickets for a Powerball number cost $2, and the lump-sum takeaway for the new prize is $244.8 million, according to the Powerball website.

Powerball rule changes in October made players more likely to win a small prize but decreased a person’s chances of winning the grand prize.

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