The Powerball Jackpot Is Now the Largest Lottery Prize in U.S. History

What would you do with $675 million?

Getty Images

Update, 1/7/2016: The Powerball prize keeps getting bigger. reports that nobody won the $400 million jackpot Wednesday, which was actually even higher than the original estimate, clocking in at $524 million. That means that the jackpot for the next Powerball drawing is even bigger — so big, in fact, that it broke records. Saturday's big prize is an estimated $675 million, which is the largest lottery jackpot in U.S. history.

The (that nobody actually picked) were 2, 11, 47, 62 and 63. The Powerball number was 17, with a multiplier of 3.

Original, 1/4/2016: Things are looking up in 2016 — well, at least the lottery jackpot is. reports that the Powerball lottery prize is estimated to hit a whopping $400 million this week. That's because nobody won on Saturday, when the prize was a measly $340 million.

This week's jackpot is the biggest since 2013, when an anonymous South Carolina resident won a $339.4 million prize, and the highest ever was in May of that year, at $590 million. The crazy-high jackpots are thanks to new rules that went into effect in October. According to the official Powerball website, the game starts at $40 million and then keeps on going until it's won. There have been 342 jackpot winners since it began in April 1992, with an average win of $53.5 million.

This time, if you won and took the lump sum, you'd come home with $244.8 million before taxes. You can buy your ticket, which costs $2, in 44 U.S. states, Washington, D.C., and the U.S. Virgin Islands. The deadline for this week's jackpot is 10 p.m. EST. But be warned: According to the , the odds of winning are 1 in 292.2 million. Hey, it could happen!

Advertisement - Continue Reading Below
More From Money