A $1.2 billion jackpot awaits lucky players in the upcoming Wednesday night Powerball drawing.

This marks the third-largest jackpot in Powerball history and the largest this year in the American lottery game.

The grand prize, with an estimated cash value of $551.7 million, continued to climb into billion-dollar territory as no ticket matched all six drawn numbers on Monday night.

Two tickets, one from Delaware and another from Michigan, matched all five white balls, winning $1 million each.

Additionally, two tickets sold in New York and South Carolina, with the Power Play option, matched all five white balls and won $2 million each.

The last jackpot winner was on July 19, 2023, when a ticket in California won $1.08 billion; since then, there have been 32 consecutive drawings without a jackpot winner.

Winners can choose to receive the jackpot as an immediate cash lump sum or in 30 annual payments over 29 years, with both options excluding federal and jurisdictional taxes.

The odds of winning the jackpot remain 1 in 292.2 million, regardless of the jackpot amount.

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

Powerball drawings occur live every Monday, Wednesday, and Saturday at 10:59 p.m. ET, broadcast from the Florida Lottery draw studio in Tallahassee and livestreamed online at Powerball.com.