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Wednesday's Powerball jackpot just rose to $700 million

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Updated August 22, 2017 12:03 PM EDT

The Powerball jackpot has increased to $700 million, making it the second largest in U.S. history.

The drawing will be Wednesday at 10:59 p.m. Eastern Time in Tallahassee, Florida.

The jackpot is listed as $700 million, but that refers to the annuity option, doled out in 30 payments over 29 years. Nearly all winners favor the cash option, which pays significantly less. For the current jackpot, the cash prize would be $443.3 million.

The odds of winning are one in 292.2 million.

The Associated Press contributed to this report.

Good news, people! If you really, really want to win $650 million, hope is still alive.

Powerball officials said there was no ticket matched that all six numbers in Saturday night's drawing, meaning the prize just keeps getting bigger. The winning numbers are: 17, 19, 39, 43, 68 and Powerball 13.

The jackpot for Wednesday's drawing is the third-largest in U.S. history.

It's grown so large because no one has matched all six balls in more than two months.

If you're buying a ticket in hopes of quitting your job, however, don't hold your breath. The chances of winning the grand prize is one in 292.2 million.

But hey, one can always dream.

via GIPHY

Powerball is played in 44 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

The Associated Press contributed to this report.

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