Powerball Jackpot Totals $320 Million

March 23, 2013— -- Just because you've already lost your March Madness bracket doesn't mean you shouldn't keep pressing your luck.

There's still time to purchase a ticket for tonight's Powerball lottery drawing and the chance to win $320 million.

An additional $60 million was added to the pot following a drawing on Wednesday when no one in the 44 states where tickets are sold had a winning ticket.

There is a 1 in 175,223,510 chance of winning the jackpot, according to the website of the Multi-State Lottery Association. But, there's a 1 in 31.85 chance that a ticket holder could win something, including the smallest prize of $4.

The pot is technically $320 million, but has a cash value after taxes of $193.8 million, according to the association.

Though sizable, tonight's pot pales in comparison with last year's $588 million Powerball jackpot.

The largest jackpot ever, totaling $656 million, was offered last March, when three people split the winnings from the Mega Millions lottery.