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Breaking down Powerball: What it takes to win $1.2B

OHIO (WJW) — Hoping to get rich quick? The Powerball jackpot has now reached historic heights.

The next drawing is Wednesday night, and the estimated jackpot of $1.2 billion ranks as the third largest in Powerball history and the seventh largest among all lottery jackpots in the U.S.

So, how do you make a few bucks off of this opportunity? See below for all the ways to play.

How do you play?

Players select five numbers between 1 and 69 for the white balls, according to the Powerball website. They also choose one number between 1 and 26 for the red Powerball. Players can match the white ball numbers in any order on a single play to win a prize.

The red Powerball number of a given play on the ticket must match the red Powerball number drawn, according to the Powerball website.

Each ticket may also have a Power Play option. A Power Play purchase increases all non-jackpot prizes by two, three, four, five or 10 times, according to the Ohio Lottery.

What are the Powerball winning combinations?

There are nine ways to win a Powerball prize, and their amounts range from $4 up. See those prizes here.

But if you didn’t match all numbers, there are several other winning combinations:

  • Match all five white numbers to win $1 million
  • Match four out of five white numbers plus the Powerball to win $50,000
  • Match four white numbers to win $100
  • Match three white numbers and the Powerball to win $100
  • Match three white numbers to win $7
  • Match two white numbers and the Powerball to win $7
  • Match one white number and the Powerball to win $4
  • Get just the Powerball right to win $4

What does it cost to play?

Powerball costs $2 per wager with the Power Play feature for an additional $1 per wager to increase the winning prize amount. Those tickets can be purchased wherever you get your Ohio lottery tickets.

What are the chances of winning?

The odds of winning the $1.2 billion jackpot is about 1 in 292,201,338, according to the Ohio Lottery.

When is the drawing and what is the Powerball cutoff time in Ohio?

Powerball drawings are held every Monday, Wednesday and Saturday at 10:59 p.m. on the Powerball website.

The ticket pool in Ohio closes at 10 p.m. the night of the drawings.

How do I find the winning numbers?

Winning numbers are available on the Ohio Lottery website, the Powerball website or by calling the toll-free winning numbers hotline at 1-800-589-6446. You can also find them on FOX8.com. They are also available from retailers.

How soon must I claim my prize?

If you win, you must claim your prize within 180 days of the drawing date.

For more information and how to play, head over to the official Powerball website.

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