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According to a report by CNN on Tuesday, the grand prize increased to an estimated $725 million after no winning ticket was sold for the Monday Powerball drawing,

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making it the fifth highest Powerball jackpot ever.

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The big prize, which according to Powerball has an estimated lump-sum cash value of $366.2 million before taxes,

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will be awarded in the upcoming Powerball drawing on Wednesday.

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2, 24, 34, 53, 58, and red Powerball 13 were the winning numbers in Monday's Powerball drawing.

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"Two tickets sold in California and Iowa matched all five white balls,

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with the California ticket winning a $1 million prize and the Iowa ticket winning $2 million by including the Power Play feature," according to a CNN story.

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28 other tickets, according to Powerball, each won $50,000.