The next Powerball drawing on Christmas Day could deliver a $400 million holiday present

The Powerball jackpot is now up to an estimated $400 million, and the winning numbers will be drawn on Christmas Day.

By Sara Smart, CNN

(CNN) -- Struggling to find a last-minute Christmas gift?

A trip to your local convenience store could make you the best gift-giver ever.

The Powerball jackpot is now up to an estimated $400 million, and the winning numbers will be drawn on Christmas Day.

The cash value of the prize is placed at $292 million, according to Powerball's website.

There hasn't been a jackpot-winning ticket in 34 drawings, the game operator said, and this is the third time this year the jackpot has reached this value.

The last time a winning ticket was claimed was on October 4, when someone walked away with $699.8 million.

But it won't be easy to land the prize.

While the overall odds of winning a prize are 1 to 24.9, the odds of winning the jackpot are 1 in 292.2 million, according to Powerball.

And believe it or not, the current jackpot value is less than a third of the largest Powerball jackpot: $1.586 billion, shared in 2016 by three winners.

Tickets cost $2, and drawings are each Monday, Wednesday and Saturday at 10:59 p.m. ET.

The-CNN-Wire
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