Powerball: jackpot increases to $900 million

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DES MOINES, Iowa  — The Powerball jackpot has increased to $900 million just hours before the drawing.

The drawing will be held at 10:59 p.m. EST Saturday.

Lottery officials say a winner would have the option of being paid $900 million through annual payments over 29 years or opting for a $558 million lump-sum cash payout.

Sales for the lottery game have skyrocketed since Wednesday, when no one won an estimated $500 million jackpot.

Officials say that if no one wins on Saturday, the next jackpot will be $1.3 billion.

With Powerball sales breaking records, the odds are growing that someone will win the $900 million jackpot.

***watch the video above to see how Northeast Ohioans are planning on spending the jackpot....if they win***

Officials with the Multi-State Lottery Association, which runs the Powerball game, expect about 65 percent of the possible number combinations to have been bought for Saturday night's drawing.

That percentage could rise if the jackpot estimate is increased before the drawing. But even lottery officials say they don't know what to expect.

Since Nov. 4, the Powerball jackpot has grown from its $40 million starting point as no one has won the jackpot.