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Powerball jackpot hits $348 million

Powerball jackpot hits $348 million
Posted at 9:02 AM, May 04, 2016
and last updated 2016-05-04 09:02:25-04

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.