Powerball jackpot surges to $450 million

DES MOINES, Iowa - Lottery officials say no jackpot winner was selected in the latest $380 million Powerball drawing.

The next drawing will be Wednesday after no one matched Saturday's winning numbers.

Sue Dooley is the senior drawing manager for the Multi-State Lottery Association, which oversees Powerball. She says the estimated value of Wednesday's drawing will be $450 million.

The huge jackpot is a return to form for Powerball, which has been known along with Mega Millions for its record-breaking jackpots in recent years. But the Powerball lottery has experienced a slump, with nearly a year passing since its jackpot total climbed above $300 million.

Powerball's last major jackpot was in February 2014, when it climbed to $425 million.

The nation's biggest lottery prize was a $656 million Mega Millions jackpot in 2012. The biggest Powerball jackpot was $590.5 million.

Powerball tickets cost $2 each.