LOS ANGELES (CBSLA.com)ย โ€” 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 donโ€™t make plans for that fortune just yet โ€“ the odds of winning the jackpot are about 1 in 293 million, according to lottery officials.