Powerball jackpot hits $1.4B for Wednesday evening's drawing

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Powerball play slips are displayed in a convenience store on July 18, 2023 in Los Angeles, California. Photo credit Photo by Mario Tama/Getty Images

The Powerball jackpot for Wednesday evening's drawing surged to $1.4 billion, the fourth-largest prize in the game's history.

Game officials increased the jackpot estimate Wednesday morning after reviewing national ticket sales. The prize carries an estimated cash value of $634.3 million.

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"Tonight could be the night this billion-dollar Powerball jackpot is won," Matt Strawn, Powerball Product Group Chair, said in a statement. "Players are excited to take another shot at this growing jackpot, but we encourage everyone to play responsibly."

There hasn't been a drawing with a grand prize winner since May 31, when a ticket worth $207 million was sold at a convenience store in Arleta.

The numbers drawn Monday were 8, 23, 25, 40, 53 and the Powerball number was 5. The jackpot was $1.1 billion, the 11th-largest lottery jackpot in U.S. history.

There were 12 tickets with five numbers, but missing the Powerball number, including one sold at a gasoline station in Sherman Oaks, which is worth $1,378,451, the California Lottery announced.

The odds of matching all five numbers and the Powerball number is 1 in 292.2 million, according to the Multi-State Lottery Association, which conducts the game. The overall chance of winning a prize is 1 in 24.9.

The Powerball game is played in 45 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands.

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Featured Image Photo Credit: Photo by Mario Tama/Getty Images