A lot of money, something like $775 million, is up for grabs.

In the last few days, the Powerball jackpot has increased by $35 million, making it one of the top 10 biggest prizes in history.

The last time a jackpot of a similar magnitude was won was in September, when players in Missouri and Texas split the $1.787 billion jackpot, the second-largest prize ever.

Its estimated cash value now stands at $362.5 million (before taxes), which can be paid out as a one-time, cash lump sum, or in annuity payments over 29 years. Either way, a player, or players are in for one sweet Christmas if the prize is won.

Here's when the next Powerball drawing will be, if you're feeling lucky.

When is the next Powerball drawing?

The next drawing will take place on Wednesday, Dec. 3, at 10:59 p.m. ET.

How to play Powerball

Playing the Powerball is simple:

  • Buy a $2 ticket, wherever tickets are sold.
  • Think about which six numbers you'll pick.
  • Select five "white" numbers between 1 and 69 and one "red" number between 1 and 26 for the Powerball.

Players may also add "Power Play," a $1 feature that increases the winning for all non-jackpot prizes. The "Power Play" multiplier can multiply winnings by: 2X, 3X, 4X, 5X or 10X.

If you're not feeling particularly lucky, or simply want the computer to do the work for you, the "Quick Pick" option is available. All of the numbers selected with the "Quick Pick" option are computer generated.

Players must match all five white balls in any order and the red Powerball to win the jackpot. Drawings are held every Monday, Wednesday, and Saturday night. If no one wins the jackpot, the cash prize will continue to tick up.

Where to buy lottery tickets

Gas stations, convenience stores, and grocery stores all sell lottery tickets. Some airport terminals may sell tickets, too.

You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Oregon, Puerto Rico, Washington D.C., and West Virginia.

The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket, and collect your winnings all using your phone or home computer.

Jackpocket is the official digital lottery courier of the USA TODAY Network. USA Today Co., Inc may earn revenue for audience referrals to Jackpocket services. Must be 18+, 21+ in AZ, and 19+ in NE. Not affiliated with any State Lottery. Gambling Problem? Call 1-877-8-HOPE-NY or text HOPENY (467369) (NY); 1-800-327-5050(MA); 1-877-MYLIMIT (OR); 1-800-981-0023 (PR); 1-800-GAMBLER (all others). Visit jackpocket.com/tos for full terms.

Contributing: Fernando Cervantes Jr., USA TODAY

This article originally appeared on USA TODAY: Powerball jackpot climbs to $775 million. When is the next drawing?

Reporting by Amaris Encinas, USA TODAY / USA TODAY

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