Powerball jackpot balloons to $400 million for tonight's drawing

The Powerball jackpot ballooned to $400 million for Wednesday night after no one won the latest drawing on Saturday, the fourth time this year that lottery's jackpot has passed the $300 million mark.

The $400 million jackpot is the fifth largest in U.S. history.

Massive lottery jackpots have become more common in recent years. So far this year, a New Jersey resident netted a $338 million Powerball jackpot in March, a Florida woman won a $590 million Powerball jackpot in May, and three people in Minnesota and New Jersey split a $448 million Powerball jackpot in August.

The largest jackpot in U.S. history stands at $656 million, won in the Mega Millions lottery of March 2012. That prize was split among winners in Maryland, Kansas and Illinois.