![Powerball Jackpot Expected To Reach A Whopping Record-Breaking 1.5 Billion Dollars A customer buys Powerball tickets at Kavanagh Liquors on January 13, 2016 in San Lorenzo, California.](https://api.time.com/wp-content/uploads/2016/07/powerball-jackpot.jpg?quality=85&w=2400)
By Tara John
This Wednesday’s Powerball jackpot has grown to $422 million, after nearly three months without a winner.
Anyone who wins this week’s jackpot will be able to opt for a $291 million lump sum or a $422 million annuity paid over 29 years, the Associated Press reports.
While the 292.2 million to 1 chance of winning a Powerball might be daunting, the odds are better for the range of smaller prizes (from $1 to $4 million).
New Jersey matriarch Pearlie Mae Smith and her seven children won the last jackpot of $429.6 million on May 7.
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