Christmas Day Powerball prize could reach an estimated $400 million

One lucky ticket holder could be in for a multi-million dollar prize on Christmas Day. The Powerball jackpot has climbed to an estimated $400 million for the third time this year, the lottery association said. 

The estimated jackpot has a $292 million cash value and winning numbers are drawn each Monday, Wednesday and Saturday at 10:59 p.m. ET on the Powerball's website. Tickets are $2.00 per play and are sold in 45 different states as well as the District of Columbia, Puerto Rico and the U.S. Virgin Islands. 

Winners of the Powerball jackpot can choose to receive their prize as either a lump sum payment or in 30 graduated payments over 29 years.