The Powerball jackpot has now risen to around $1.23 billion after no one won Wednesday's drawing.

The winning numbers for the $1.09 billion Powerball jackpot were drawn on Wednesday, with the sum marking the fourth-largest grand prize in the lottery's history.

The winning numbers were 11, 62, 65, 38, 41 and Powerball 15.

That prize had already jumped from $1 billion to $1.09 billion after no ticket matched all six numbers in Monday night's drawing.

In that drawing, six ticket holders won $1 million prizes in Florida, Maryland, Minnesota, North Carolina and Virginia, while more than two million players won lower-tier prizes.

Now, the $1.23 billion jackpot is up for grabs in Saturday's draw,

The last Powerball jackpot, worth $842.4 million, was won in Michigan in January. Powerball said 39 consecutive draws have been made since then.

The biggest Powerball prize of all time was $2.04 billion, won by a player in California in 2022. It remains the largest US lottery prize.

When a player wins the jackpot, they can choose to receive the money in annuitized payments or receive a lump sum, which would be estimated at $527.3 million for Wednesday's drawing.

The Powerball jackpot starts at $20 million and increases every time a drawing is made without a winner emerging. To win the Powerball, you must match all five white balls plus the red Powerball.

To play, participants choose five numbers between 1 and 69, plus another number between 1 and 26 for Powerball.

According to Powerball, the odds of winning the jackpot are 1 in 292.2 million. The odds are slightly better of winning a $1 million prize by matching all the white balls, but not the 1 in 11.6 million powerball.

To participate in Powerball, you can purchase tickets for $2 per game. They are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Drawings take place on Mondays, Wednesdays and Saturdays at 10:59 pm ET in Florida.

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