The Powerball prize has grown to $1.2 billion before Wednesday's drawing

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Approximately $1.2 billion in cash might be won in the upcoming Wednesday night Powerball drawing.

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The current reward pool is the largest thus far this year and the third-highest in the history of the American lottery game.

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A Powerball news release states that it is also the seventh-largest jackpot in American lottery history.

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The large prize, which has an estimated cash value of $551.7 million, increased in value when no ticket matched all six numbers drawn on Monday night,

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pushing it closer to the $1 billion milestone, according to Powerball.

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The two tickets that correctly predicted all five white balls and won $1 million prizes, respectively, were purchased in Michigan and Delaware.

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Two other tickets, bought in South Carolina and New York, matched all five white balls to win $2 million prizes.

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These tickets have Power Play, which allows a winner to triple their non-jackpot wins for an extra $1 per play.

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