Powerball jackpot at $348M, approaching top 10 US payouts

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Wednesday's Powerball Jackpot Set At Least $348 Million

(Reuters) -- The multi-state Powerball jackpot has grown to $348 million, making it the 15th highest U.S. lottery prize in history with a chance to reach the top 10 if no one wins the drawing on Wednesday night, officials said.

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The Powerball jackpot has grown past $300 million for the first time since January when three tickets for the game split $1.6 billion, a record for any U.S. lottery.

Seventeen consecutive drawings have produced no winner, lottery officials said.

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Powerball jackpot at $348M, approaching top 10 US payouts
Rebecca Hargrove, second from right, president and CEO of the Tennessee Lottery, presents a ceremonial check to John Robinson, right; his wife, Lisa, second from left; and their daughter, Tiffany, left; after the Robinson's winning Powerball ticket was authenticated at the Tennessee Lottery headquarters Friday, Jan. 15, 2016, in Nashville, Tenn. The ticket was one of three winning tickets in the $1.6 billion jackpot drawing. (AP Photo/Mark Humphrey)
John Robinson, center, of Munford, Tenn., arrives with his dog at the Tennessee Lottery headquarters, Friday, Jan. 15, 2016, in Nashville, Tenn. Robinson claims to have one of the winning tickets in the record $1.6 billion jackpot drawing that took place Wednesday. (AP Photo/Mark Humphrey)
John Robinson, front right, arrives at the Tennessee Lottery headquarters with his wife, Lisa; daughter, Tiffany, center; and family dog Friday, Jan. 15, 2016, in Nashville, Tenn. At left is Rebecca Hargrove, president and CEO of the Tennessee Lottery. The Robinsons claim to have one of the winning tickets in the record $1.6 billion jackpot drawing that took place Wednesday. (AP Photo/Mark Humphrey)
John Robinson leads the family dog as he arrives at the Tennessee Lottery headquarters with his wife, Lisa, left, and daughter, Tiffany, center, Friday, Jan. 15, 2016, in Nashville, Tenn. The Robinsons claim to have one of the winning tickets in the record $1.6 billion jackpot drawing that took place Wednesday. (AP Photo/Mark Humphrey)
John Robinson leads the family dog as he walks to an elevator at the Tennessee Lottery headquarters, Friday, Jan. 15, 2016, in Nashville, Tenn. The Robinsons claim to have one of the winning tickets in the record $1.6 billion jackpot drawing that took place Wednesday. (AP Photo/Mark Humphrey)
John Robinson, right, arrives at the Tennessee Lottery headquarters with his wife, Lisa, center, and family dog as Rebecca Hargrove, front left, president and CEO of the Tennessee Lottery, greets them Friday, Jan. 15, 2016, in Nashville, Tenn. The Robinsons claim to have one of the winning tickets in the record $1.6 billion jackpot drawing that took place Wednesday. (AP Photo/Mark Humphrey)
Rebecca Hargrove, left, president & CEO of the Tennessee Lottery, presents a check to Dana Naifeh, right, owner of Naifeh's Grocery in Munford, Tenn., Thursday, Jan. 14, 2016. One of the winning Powerball tickets in Wednesday's record jackpot drawing of $1.6 billion was sold at the store. (AP Photo/Karen Pulfer Focht)
Rebecca Hargrove, president & CEO of the Tennessee Lottery, makes the announcement at Naifeh's supermarket in Munford, Tenn., Thursday, Jan. 14, 2016, that one of the winning Powerball tickets in Wednesday's record jackpot drawing of $1.6 billion was sold at the store. (AP Photo/Karen Pulfer Focht)
A shopper checks out at the register where lottery tickets are sold in Naifeh's Grocery in Munford, Tenn., Thursday, Jan. 14, 2016. One of the winning Powerball tickets in Wednesday's record jackpot drawing of $1.6 billion was sold at the store. (AP Photo/Karen Pulfer Focht)
Rebecca Hargrove, center, president & CEO of the Tennessee Lottery, makes the announcement at Naifeh's supermarket in Munford, Tenn., Thursday, Jan. 14, 2016, that the store sold one of three winning tickets in the record Powerball jackpot. The holder of the winning ticket will share the $1.6 billion jackpot with winners in Southern California and Florida. (AP Photo/Karen Pulfer Focht)
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The odds of winning at Powerball are one in 292 million, which according to statistics experts is equivalent to flipping a coin 28 times and getting heads every time.

If no one wins the drawing on Wednesday night, the Powerball could reach about $400 million, which would place it in the top 10 of U.S. lottery prizes ever, California lottery spokesman Alex Traverso said. The next drawing would be on Saturday.

Powerball is played in 44 states, including California, which is the nation's most populous state, as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Even as lottery officials gear up for this latest drawing, they are waiting for one ticket holder to come forward from the record $1.6 billion Powerball drawing in January.

Lottery officials still have no idea who bought the ticket, sold in Chino Hills east of Los Angeles, Traverso said. Under rules of the game, the holder has a year from the time of the drawing to claim a prize.

The two other winning tickets were sold in Tennessee and Florida, and those winners have come forward.

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