The Powerball jackpot has reached a staggering $1 billion after no one correctly matched all six numbers in Wednesday night’s drawing. This marks the sixth time in the game’s 33-year history that the jackpot has climbed to the billion-dollar range.

The prize has been rolling over since the last winner on May 31. The upcoming drawing offers a choice between 29 annual payments or a lump sum of approximately $453 million for any winner. Advertisement

Powerball tickets cost $2 each and are sold in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.

Lottery officials say the odds of winning the Powerball drawing are roughly one in 292 million, making the chance to hit the billion-dollar jackpot extremely rare.

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