WASHINGTON —

The Powerball jackpot is a whopping $1.3 billion for Wednesday’s drawing after no one won in Monday’s drawing.

The prize has an estimated one-time cash payment of $589 million if the winner doesn’t choose the annual payments over 30 years, with a 5% increase each year. Latest Forecast

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If a player wins Wednesday's jackpot, it would be the fifth-largest Powerball jackpot prize, according to Powerball.

Last year, an Oregon player won $1.33 billion, making it the fourth-highest jackpot. It took a record 42 consecutive drawings before the winner was selected.

The current Powerball is at its 41st drawing, which began on May 31. Powerball drawings are conducted every Monday, Wednesday and Saturday at 10:59

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