Powerball hits $700 million

As a result of the excitement surrounding the Powerball jackpot, ticket sales have exceeded expectations, and the jackpot for the drawing on Wednesday, October 26 is now the fifth largest in the game's history.

Powerball announced on Tuesday that the estimated jackpot for tomorrow's drawing is $700 million, an increase from the $680 million prize announced earlier in the day.

The jackpot increased just hours after lottery officials announced that no one had won Monday night's $637 million grand prize, resulting in an initial jackpot estimate of $680 million for Wednesday.

If sales continue to exceed expectations, the jackpot could rise even higher, but it would have to exceed $731.1 million to become the fourth largest Powerball jackpot.

The cash option for tomorrow's jackpot is worth $335.7. The current jackpot has surpassed the previous year's Powerball jackpot of $632.6 million, which was split between players in California and Wisconsin on January 5. Since no one has won the Powerball jackpot in 35 drawings, the current grand prize is extremely valuable, as the last winner was on August 3.

The Powerball drawing is at 10:59 p.m. on Wednesday, and tickets can be purchased in Michigan until 9:45 p.m. that night.