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Powerball: Saturday jackpot will be $2 billion if no winner Wednesday

The Texas Lottery Commission said the jackpot for Saturday would go up to $2 billion if there is no winner on Wednesday.

The commission also said the cash value would go up to $1.24 billion if nobody draws the winning number, which will be announced Wednesday night at 10:59 p.m.

If someone were to win the jackpot on Wednesday, he or she would win a prize of $1.5 billion with a cash option of $930 million.

Since Sunday, more than $609 million worth of Powerball tickets have been sold nationally, says Gary Grief, chair of the Powerball Game Group and executive director of the Texas Lottery.

Grief said in a conference call on Wednesday that more than $2.65 billion worth of tickets have been sold since Nov. 4, the last time someone won Powerball.

On Tuesday alone, more than $326 million worth of tickets were sold nationwide. In California $51.3 million in tickets were sold that day, the most out of the 47 participating jurisdictions. In fact, California has sold more than $93.1 million worth of tickets since Sunday.

New York sold the second most tickets on Tuesday, moving $26.3 million worth, and Texas followed with $25.6 million.

Grief estimates that more than $600 million worth of tickets will be sold nationwide on Wednesday prior to the Powerball drawing.

As of Wednesday afternoon, there is an 85 percent chance that a winner will be selected during Wednesday's drawing, Grief said. However the Powerball Game Group will not be able to identify whether any winning tickets were sold for several hours after the drawing.

No ticket holder had all the winning numbers in last Saturday's $900 million drawing. Saturday's winning numbers were: 32, 16, 19, 57 and 34. The Powerball number was 13, with a multiplier of 3.

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