Dec. 16 (UPI) -- The Powerball jackpot soared to an estimated $1.25 billion for next drawing now offering players a $572.1 million cash option and a holiday shot at winning the big prize, the multi-state lottery association said Tuesday.

Wednesday's jackpot will be the second-largest Powerball prize this year. It marks only the second time in Powerball history it generated back-to-back billion-dollar payloads.

"Powerball has only seen back-to-back to billion-dollar jackpots twice, and this one has arrived just in time for the holidays," according to Matt Strawn, Iowa Lottery CEO and Powerball's product group chair.

On Monday, the jackpot rolled after no ticket matched all six numbers drawn: white balls 23, 35, 59, 63, 68 and red Powerball 2.

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