Powerball jackpot grows to $550 million

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The jackpot in this weekend's Powerball lottery soared to almost $500 million, after no one matched the numbers for the top prize in Wednesday's drawing.

The Powerball jackpot amount hit $495 million after none of the players were lucky enough to get a six-number match during Wednesday's drawing.

One ticket from New Jersey and one from Pennsylvania matched the five white balls but not the Powerball to win $1 million, according to a lottery press release.

If no one wins Saturday, the jackpot is set to rise to $550 million. The cash option will net the victor $300.2 million if they chose that route. Saturday's grand prize totaled $495million.

And almost 1.5 million players nationwide won smaller amounts in Wednesday night's drawing, Powerball officials tweeted.

It is the eighth largest jackpot in Powerball history.

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Powerball also features prizes ranging from $4 to $1 million.

There are other ways to win.

There were three third-place tickets sold in Minnesota for the Saturday drawing, each one worth $50,000.

Powerball is offered in 44 States, Washington D.C., Puerto Rico, and the Virgin Islands.

Powerball tickets cost $2.

The odds of winning the Powerball jackpot are 1:292.2 million.

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