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Jul 26, 4:56 PM EDT

The Powerball jackpot has soared to $422 million thanks to nearly three months without a winner of the big prize


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The Powerball jackpot has soared to $422 million thanks to nearly three months without a winner of the big prize

The Powerball drawing on Wednesday will give lottery players a shot at a jackpot of $422 million, which would rank it the 11th largest jackpot in U.S. history

A California couple has claimed a $528.8 million share of a record Powerball jackpot from January and said they are dedicating nearly all of the prize money to a trust and charities

DES MOINES, Iowa (AP) -- The Powerball jackpot has soared to $422 million thanks to nearly three months without a winner of the big prize.

If anyone matches the five balls and red Powerball in Wednesday night's drawing, it will be the game's first jackpot winner since May 7.

A jackpot winner could opt for a $422 million annuity paid out over 29 years or a $291 million lump sum. The prize would rank as the nation's 11th largest.

The chance of winning Powerball is incredibly small, at 292.2 million-to-1. But players have much better odds, of about 1 in 25, of winning smaller prizes ranging from $4 to $1 million.

The big Powerball prize comes less than three weeks after a player in Indiana won a $536 million Mega Millions jackpot.

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