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Powerball jackpot rises to $700 million

Posted: 8:12 AM, Jan 08, 2016
Updated: 2016-01-08 13:12:02Z

The Powerball jackpot has risen to $700 million for Saturday night's drawing. The prize for this weekend's drawing is the biggest lottery jackpot in U.S. history.

There were no tickets sold for Wednesday night's $650 million drawing that matched the winning numbers, meaning the jackpot rolled over and will continue to grow as people flock to stores to buy tickets.

The largest jackpot won prior to this was a Mega MIllions game with a $656 million prize won in 2012 by players in several states.

If someone wins on Saturday night and chooses the cash option, the estimated value is $428.4 million.