Wednesday night's Powerball drawing yielded no winners of the Jackpot, giving players an opportunity to cash in on an estimated $320 million this Saturday.
Available for $2, each Powerball ticket guarantees one series of numbers for a drawing, where people can select their own combination of numbers or let a computer pick it for them. Purchasing more tickets increased the person’s odds of winning the prize.
According to the Associated Press’ calculations, it is possible to buy all the different numerical combinations but this extravagance will set you back by a whopping $584 million.
Saturday’s selection will kick off at 10:59 p.m. EST and the drawing of the white balls can be watched online here. The coverage will also be broadcast on TV — click here to find local TV stations airing the drawing.
Ticket sales are usually cut off at least 59 minutes prior to the official draw but individual states can choose to end sales prior to that. The lottery is played in 44 states across the country, along with Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
The jackpot, which is basically the money pooled from ticket sales in various states, started at $40 million at the beginning of November, climbing to the current $320 million in less than three weeks.
Although the lottery does not boast of the $1.4 billion prize jackpot fans saw earlier this year, $320 million is a sweet deal on the $2 tickets. The winner, however, will see a significant chunk of the prize money go to taxes and take the rest of the lump sum home. The other option is to take the winnings in annual installments over a period of 29 years.
Spain has the record of the largest lottery prize in history with $2.4 billion, but the amount went to thousands of ticketholders, USA Today reported earlier this year.