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Powerball Would Hit $2 Billion If No One Wins Latest Drawing: Lottery Officials

The lump-sum cash value would also hit $1.24 billion if a drawing were needed Saturday.
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If nobody wins Wednesday night's Powerball drawing, the jackpot for the next one will be worth an unprecedented $2 billion, lottery officials said.

That means the lump-sum cash value would hit $1.24 billion if another drawing were held Saturday.

Since Nov. 7, when the Powerball was reset to its minimum $40 million, there have been no lucky winners.

"We continued to see very strong sales throughout the day on Tuesday and expect to see the same today," Gary Grief, chair of the Powerball game and executive director of the Texas Lottery, said in a statement. "Sales for this jackpot roll alone have now generated more than $1 billion for the important causes supported by lotteries across the country including public education, scholarships, the environment, veterans programs and senior citizens."

Related: Powerball Windfall? Schools Don't Always Benefit From Lottery Sales

Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. The odds of matching all six numbers are 1 in 292.2 million.

Wednesday's drawing is scheduled for 10:59 p.m. ET.