$360 million prize in Wednesday's Powerball draw

May 15, 2013 at 3:25 PM

NEW YORK, May 15 (UPI) -- The third-largest Powerball jackpot, $360 million, is available Wednesday night after no matches of winning numbers were made in last weekend's draw.

If a winner matches all five numbers and the red Powerball, the cash option, before taxes, will be $229.2 million, the Powerball website said.

After the price of a ticket rose from $1 to $2 in January 2012, jackpots in the game, available in 44 states and the District of Columbia, grew dramatically, ABC News said.

"The game changed about a year ago. More people are playing, which makes it (the jackpot) grow even quicker," said Rebecca Hargrove, president of the Tennessee Lottery Corp.

The chances of striking it rich are 1 in 175,000,000, or 25 times less likely than winning an Academy Award, ABC noted.

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