The Powerball jackpot has climbed to an estimated $707 million for Saturday's drawing. Players can choose between an annuity or a lump sum cash payment. The odds of winning remain extremely low at one in 292.2 million. Several large jackpots have already been awarded earlier this year. Ticket sales typically increase as the prize money continues to grow.

Monday's Powerball drawing had no jackpot winner, increasing the prize. The next drawing on Wednesday, July 29, offers an estimated $663 million. Players can choose an annuity or…

This is the second lottery prize to cross the $700 million mark and it comes a day after a ticket buyer from Florida won the $800 million Mega Millions jackpot.