Wednesday's draw will be 3rd largest ever, lottery officials say

The Powerball jackpot has now been increased to an estimated $425 million for Wednesday’s draw, California Lottery officials said, which makes it the third largest Powerball jackpot of all time.

The estimated cash option for Wednesday’s draw is obviously higher as well, $244.7 million.

The retailer who sells the jackpot-winning ticket will receive a bonus of $1 million, which is the largest bonus a retailer can receive.

The largest Lottery jackpot ever won was a Mega Millions jackpot on March 30, 2012 and the jackpot was $656 million with a cash option of $474 million.