Powerball Jackpot Swells to $1.23 Billion, 8th Largest in Lottery History

• Powerball jackpot reaches $1.23 billion after no winner in latest drawing

• Now ranks as 8th largest lottery jackpot in U.S. history

• Jackpot has been growing for over 3 months without a winner

• Odds of winning the jackpot are 1 in 292.2 million

• Next drawing is Saturday night, with cash option of $595.1 million if one person wins