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Powerball jackpot reaches $403 million

Powerball jackpot reaches $403 million
Posted at 5:31 AM, Feb 22, 2017
and last updated 2017-02-22 06:43:01-05

The Powerball jackpot climbed to nearly half a billion dollars ahead of Wednesday's drawing. 

The jackpot is set for $403 million — a cash value of $243.9 million, according to the lottery's website

The lottery is inching toward the top 10 jackpots of all time, according to biggestlotterywinners.com, but still has a ways to go before reaching the record-breaking $1.6 billion from January 2016. 

Still, the winnings from the immediate cash value is enough to buy a slew of private islands

The odds of winning the Powerball lottery are about 1 in 292.2 million, according to the Powerball website.