Powerball jackpot jumps to $700 million ahead of Wednesday drawing

Powerball jackpot jumps to $700 million for Wednesday drawing

MIAMI - The Powerball jackpot is on the rise after no ticket hit it big in Monday night's drawing.

The jackpot, which was an estimated $610 million on Monday, has jumped to $700 million for the next drawing on Wednesday. It has a cash value of nearly $336 million.

While the overall odds of winning any number of the Powerball prizes are 1 in 24.9, the odds of winning the Powerball jackpot are 1 in 292.2 million, according to the organization.

Tickets cost $2, and drawings are each Monday, Wednesday, and Saturday.

You can watch the drawing live during CBS4 News at 11 or on CBSMiami.com.

CBS4 is your official Florida Lottery station.

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