Powerball Jackpot Climbs to $600M

Saturday’s Powerball jackpot has reached $600 million, the highest jackpot in the game’s history.

The announcement was made this afternoon, just one day after strong sales prompted lottery officials to bump Saturday’s Powerball jackpot from $475 million to $550 million.

Not only is the current $600 million jackpot the largest in Powerball history, it is the second largest jackpot in U.S. history.

The combined Powerball and Mega Millions jackpots now stands to $790 million, which breaks Thursday's U.S. record.

Tonight’s Mega Millions jackpot is worth an estimated $190 million.

The Powerball winner can opt to receive 30 graduated payments over 29 years or collect a $376 million cash payout. The Mega Millions winner can choose two payment options: about $7.3 million a year for 26 years with the annuity option or a single $140 million cash payout.

Powerball tickets are $2. Mega Millions tickets are $1.