The Powerball jackpot has climbed to an estimated $700 million, making it the largest prize in over a year and the 11th biggest in the game's history. The drawing is scheduled for Saturday at 10:59 p.m. ET. Players can choose between an annuitized prize paid in 30 installments over 29 years or a lump-sum cash option of $316 million, both amounts before taxes.

This current jackpot marks the 36th consecutive drawing without a grand prize winner since a $204.5 million ticket was claimed in California on May 31. The last drawing, held on Wednesday, did not produce a jackpot winner. However, it did yield several other significant prizes. A player in Tennessee matched five numbers and opted for the Power Play, winning $2 million. Additionally, two tickets matched five numbers, each winning $1 million. Thirty tickets matched four numbers plus the Powerball, with eight of those doubling their prize to $100,000 through the Power Play option.

Powerball tickets are available for $2 each in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Some states also offer online purchasing options. The odds of winning the jackpot are 1 in 292.2 million, while the odds of winning any prize are 1 in 24.9.

Since its inception in 1992, Powerball has generated over $36 billion for public programs and causes across the nation. The current jackpot is significantly higher than other prizes this year, although it has not reached the record-setting heights of 2024's $1.3 billion jackpot claimed in Oregon. The second-largest prize this year was a $526.5 million jackpot won by a ticket holder in California.

For an additional dollar, players can add the Power Play option, which multiplies non-jackpot prizes by up to five times. In select states, a separate Double Play option allows participants to enter a second drawing for a chance to win up to $10 million.