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May 4, 8:51 AM EDT

Powerball jackpot reaches $348 million

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AP Photo/Tony Dejak

Powerball jackpot reaches $348 million

Texas man in Iowa to face lottery jackpot fraud charges

DES MOINES, Iowa (AP) -- The Powerball jackpot is creeping higher again.

No one has won the full jackpot since March 2 and the multi-state lottery estimates Wednesday night's drawing will be worth $348 million.

While it's not chump change, it's a far cry from the $1.6 billion Powerball prize shared by three winning lottery ticketholders in January, the largest ever jackpot draw in the world.

Powerball says the odds of winning the top prize are one in more than 292 million.

Powerball tickets are sold in 44 states, as well as the District of Columbia, the U.S. Virgin Islands and Puerto Rico.

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