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Saturday
Mar232013

Powerball Jackpot Totals $320 Million

Photo by William Thomas Cain/Getty Images(NEW YORK) -- Just because your March Madness bracket is busted doesn't mean you should stop pressing your luck.

There's still time to purchase a ticket for Saturday night's Powerball lottery drawing and the chance to win $320 million.

An additional $60 million was added to the pot following a drawing on Wednesday when no one in the 44 states where tickets are sold had a winning ticket.

There is a 1 in 175,223,510 chance of winning the jackpot, according to the website of the Multi-State Lottery Association. But, there's a 1 in 31.85 chance that a ticket holder could win something, including the smallest prize of $4.

The pot is technically $320 million, but has a cash value after taxes of $193.8 million, according to the association.

Though sizable, Saturday night's pot pales in comparison with last year's $588 million Powerball jackpot.

The largest jackpot ever, totaling $656 million, was offered last March, when three people split the winnings from the Mega Millions lottery.

Copyright 2013 ABC News Radio