ECONOMY

Powerball jackpot soars to $422 million after months without winner

Armous Peterson fills out his slip for the Powerball lottery at Jimmy's Mart on Saturday, May 18, 2013, in Columbia, S.C. Peterson keeps track of what numbers he plays from week to week.

Armous Peterson fills out his slip for the Powerball lottery at Jimmy's Mart on Saturday, May 18, 2013, in Columbia, S.C. Peterson keeps track of what numbers he plays from week to week.  (AP Photo/Jeffrey Collins)

The Powerball jackpot has soared to $422 million thanks to nearly three months without a winner of the big prize.

If anyone matches the five balls and red Powerball in Wednesday night's drawing, it will be the game's first jackpot winner since May 7.

A jackpot winner could opt for a $422 million annuity paid out over 29 years or a $291 million lump sum. The prize would rank as the nation's 11th largest.

The chance of winning Powerball is incredibly small, at 292.2 million-to-1. But players have much better odds, of about 1 in 25, of winning smaller prizes ranging from $4 to $1 million.

The big Powerball prize comes less than three weeks after a player in Indiana won a $536 million Mega Millions jackpot.