LOS ANGELES (CBSLA.com) — Making a fresh start in the new year would be so much easier with $500 million.

According to the California Lottery, the Powerball jackpot has reached a whopping $500 million. The next drawing is Wednesday night.

Each Powerball ticket costs $2. But don’t make plans for that fortune just yet – the odds of winning the jackpot are about 1 in 293 million, according to lottery officials.

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