Powerball jackpot now $460M, nation's 10th largest prize, Mega Millions rises to $418M

By Travis Fedschun

Published January 03, 2018

The first Powerball drawing of 2018 could be a very rewarding one if someone has the lucky numbers.

The estimated jackpot for Wednesday night's drawing has now climbed to $460 million, making it the nation's 10th largest lottery prize.

Wednesday's drawing is the biggest Powerball jackpot since a $758.7 million prize was won last August. The odds of winning on Wednesday are one in 292.2 million.

The $460 million prize refers to the annuity option, which is paid out over 29 years. The cash prize would be $291 million, which would be trimmed further by taxes.

A ticket for the U.S. lottery Powerball sits on a counter in a store on Kenmare Street in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly - RC13C9235460

A ticket for the U.S. lottery Powerball sits on a counter in a store on Kenmare Street in Manhattan.  (REUTERS/Andrew Kelly)

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For those who are fans of the Mega Millions game, there was no winner in Tuesday night's drawing which bumped that jackpot up to $418 million. The next drawing for that game is on Friday.

The Associated Press contributed to this report.

Travis Fedschun is a reporter for FoxNews.com. Follow him on Twitter @travfed

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