Powerball Frenzy Ahead Of $1.5 Billion Drawing Scott Olson/Getty Images

The jackpot prize for the Jan. 12 Powerball jumped to an estimated $38 million with a cash value of $26.4 million. The Wednesday winning numbers were 12, 21, 22, 30 and 33. The Powerball drawn was 24 with a Power Play of 4x.

There are no reported winners of the jackpot. Meanwhile, three winners have won the second prize worth $1 million, and one winner with Power Play purchase worth $2 million. There are a total of eight players who won the third prize, which is $50,000, while four players with a Power Play purchase won $200,000. They matched four of the white ball numbers and the red Powerball. Many players won smaller prizes, 300 players who matched four white ball numbers, which put their winnings at $100, while 97 people with Power Play won $400.

The next Powerball draw will be on Jan. 15 with an estimated grand prize of $48 million with a cash value of $33.3 million.

To get a chance to win the grand prize, a player must match the six numbers on their ticket to the drawn six-number combination. The five numbers need to be selected from 1 to 69 for the white balls, while the remaining number is selected from 1 to 26 for the red Powerball.

To claim jackpot prizes, the winners will have options, they can either select their prize as an annuity or a lump-sum payment. The annuity guarantees the winner to receive 30 graduated payments over 29 years. The annual payments increase by 5% until the 30th and final payment. The 30 payments added up equal the value of the annuity.

The Powerball costs $2 per play. Powerball is available in 45 states, Washington DC, Puerto Rico and the US Virgin Islands.

Drawings are held on Mondays, Wednesdays and Saturdays at 10:59 pm ET. Meanwhile the sales cut-off times vary depending on the selling jurisdiction, mostly by one to two hours before the drawing schedule.

The Powerball drawing is aired live on TV stations throughout the state; WBKB-TV 11 (CBS), WDIV-TV 4 (NBC), WNEM-TV 5 (CBS), WXSP-TV (MyNetwork TV), WLAJ-TV 53 (ABC), WMKG-TV 38 (IND), WLUC-TV 6 (NBC/FOX) and WGTU-TV 29/WGTQ-TV 8 (ABC).

Powerball winning numbers
A sign shows the estimated jackpot for this Saturday's Powerball lottery at the CA lotto store in San Bernardino County, California, on the California-Nevada state line January 9, 2016. Millions of Americans anxiously awaited Saturday night's drawing in the multi-state Powerball lottery hoping to win a jackpot that has climbed to a record $900 million and could top $1 billion before the frenzy to buy tickets ends, officials said. California, the nation's most populous state, normally sees Powerball sales of $1 million a day, but on Saturday morning sales were a head-spinning $2.8 million an hour, said California Lottery spokesman Mike Bond. REUTERS/Gene Blevins

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