Powerball jackpot up to $245 million - Cincinnati News, FOX19-WXIX TV

Powerball jackpot up to $245 million

(FOX19) -

With no winners of the Powerball jackpot from Saturday's drawing, the winnings now stand at an estimated $245 million.

Wednesday's jackpot has a $146.2 million cash value.

The drawing will be held at 10:59 p.m. EST.

Thirty-three states participate in the Powerball lottery. There are nine was to win.

The jackpot (won by matching all five white balls in any order and the red Powerball) is either an annuitized prize paid out over 29 years (30 payments) or a lump sum payment.

Each ticket costs $1. If the winner chooses the annuity, the annual payment will be increased each year by the percentage set out in the Powerball game rules.

The second prize (won by matching five white balls in any order) is $200,000 paid in cash and any time you match the red Powerball, you win. The overall odds of winning a prize in the game are approximately 1 in 35.

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